The earnings call highlighted strong revenue growth and a record-setting backlog, indicating positive momentum for future business. However, challenges remain with legacy projects impacting past financial performance and continued lower results in the Concessions segment. Overall, the sentiment leans towards a balanced outlook with potential for improved profitability as legacy issues are resolved.

Company Guidance -

Q3 2025

During the Aecon Group Inc.'s Second Quarter 2025 earnings call, the company provided guidance with a focus on several key financial metrics. The reported revenue for the quarter ending June 30, 2025, was $1.3 billion, marking a 52% increase compared to the same period in 2024. This growth was buoyed by strong performances across industrial, nuclear, and civil operations, as well as strategic acquisitions. Adjusted EBITDA was reported at $41 million, a significant improvement from a negative $154 million the previous year, with operating profit reaching $2 million compared to a loss of $166 million in 2024. Excluding legacy project impacts, adjusted EBITDA rose to $80 million, driven by core construction activities. The company's backlog reached a record $10.7 billion, with new contract awards totaling $2.4 billion, primarily from the Darlington New Nuclear Project. Additionally, 76% of the backlog is now non-fixed price, enhancing margin predictability. Aecon also highlighted its robust financial position, with $123 million in core cash and renewed credit facilities extending to 2029. Looking ahead, Aecon anticipates revenue growth in 2025, driven by the record backlog, business acquisitions, and a strong bid pipeline. The company expects its three remaining legacy projects to reach substantial completion by the end of 2025, aiming for improved profitability and margin predictability.

Record Backlog

Aecon's reported backlog of $10.7 billion at the end of the second quarter was the highest in its history, surpassing the previous record of $9.7 billion set in the last quarter.

Significant Revenue Growth

Revenue for the 3 months ended June 30, 2025, was $1.3 billion, which is $448 million or 52% higher compared to the same period in 2024.

Improvements in Adjusted EBITDA

Adjusted EBITDA of $41 million compared to a negative $154 million last year, with operating profit of $2 million in the quarter compared to an operating loss of $166 million last year.

New Contract Awards

New contract awards of $2.4 billion were booked in the quarter, primarily from the Darlington New Nuclear Project in Ontario.

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

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TSE:ARE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2025 (Q3)	0.51 / -	0.85	―	―	―
Jul 31, 2025	2025 (Q2)	0.09 / -0.09	-1.99	95.48% (+1.90)	―	―
Apr 23, 2025	2025 (Q1)	-0.15 / -0.54	-0.1	-440.00% (-0.44)	―	―
Mar 05, 2025	2024 (Q4)	0.44 / 0.25	0.15	66.67% (+0.10)	―	―
Oct 31, 2024	2024 (Q3)	0.78 / 0.85	1.63	-47.85% (-0.78)	―	―
Jul 24, 2024	2024 (Q2)	-2.36 / -1.99	0.38	-623.68% (-2.37)	―	―
Apr 24, 2024	2024 (Q1)	-0.20 / -0.10	-0.15	33.33% (+0.05)	―	―
Mar 05, 2024	2023 (Q4)	0.26 / 0.15	0.26	-42.31% (-0.11)	―	―
Oct 25, 2023	2023 (Q3)	0.47 / 1.63	0.45	262.22% (+1.18)	―	―
Jul 26, 2023	2023 (Q2)	0.12 / 0.38	-0.1	480.00% (+0.48)	―	―

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
Jul 31, 2025	C$18.75	C$19.34	+3.15%
Apr 23, 2025	C$17.21	C$15.52	-9.82%
Mar 05, 2025	C$21.82	C$18.32	-16.04%
Oct 31, 2024	C$22.57	C$26.78	+18.65%

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 Oct 22, 2025, After Close (Confirmed).

What is Aecon Group Inc. (TSE:ARE) earnings time?

Aecon Group Inc. (TSE:ARE) earnings time is at Oct 22, 2025, 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.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is TSE:ARE EPS forecast?

TSE:ARE EPS forecast for the fiscal quarter 2025 (Q3) is 0.51.

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