The earnings call presented a mixed picture with record revenue and backlog highlighting Aecon's growth and strategic acquisitions, while challenges in legacy projects and a decline in profitability indicated ongoing issues.
Company Guidance
In the Q3 2025 Aecon Group earnings call, the company reported a record quarterly revenue of $1.5 billion, marking a 20% increase from the same period in 2024. However, the adjusted EBITDA decreased to $93 million from $127 million due to $21 million in legacy project losses. The backlog reached an unprecedented $10.8 billion, with new contract awards totaling $1.6 billion. Additionally, the company's construction segment saw a 25% revenue increase, driven by growth in nuclear, industrial, and urban transportation projects. Aecon's strategic focus on collaborative procurement models has led to a significant shift towards non-fixed price contracts, which now constitute 75% of the backlog. The company also highlighted its ongoing projects in the nuclear sector, including a joint venture for small modular reactors in the U.S., and noted its strategic acquisitions in the U.S. to bolster growth in key sectors.
Record Quarterly Revenue
Aecon reported its highest quarterly revenue in history for Q3 2025, totaling $1.5 billion, which is a 20% increase from the same period in 2024.
Record Backlog
Aecon's backlog reached a record high of $10.8 billion at the end of the third quarter, surpassing the previous record of $10.7 billion set last quarter.
New Contract Awards
Aecon secured $1.6 billion in new contract awards during the quarter, compared to $1.1 billion in the same period last year.
Strategic U.S. Acquisitions
Aecon completed two strategic U.S. acquisitions: Bodell Construction and Trinity Industrial Services, expanding its presence in high-growth sectors.
Aecon Group Inc. (TSE:ARE) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSE:ARE Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Oct 29, 2025
C$30.05
C$32.18
+7.09%
Jul 31, 2025
C$18.60
C$19.18
+3.12%
Apr 23, 2025
C$17.07
C$15.39
-9.84%
Mar 05, 2025
C$21.65
C$18.17
-16.07%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Aecon Group Inc. (TSE:ARE) report earnings?
Aecon Group Inc. (TSE:ARE) is schdueled to report earning on Mar 10, 2026, After Close (Confirmed).
What is Aecon Group Inc. (TSE:ARE) earnings time?
Aecon Group Inc. (TSE:ARE) earnings time is at Mar 10, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.