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Aecon Group Inc. (TSE:ARE)
TSX:ARE
Earnings Data
Report Date
Jul 24, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.11Last Year’s EPS
-1.99Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 23, 2025
|% Change Since: -9.84%
|Next Earnings Date:Jul 24, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture for Aecon Group. While the company achieved a record backlog and significant revenue growth, challenges such as negative impacts from legacy projects, declining segments, and specific regional operational challenges were highlighted. The recognition as a Green Employer and success in the U.S. utilities sector were positive notes, but the overall sentiment was tempered by ongoing issues and risks associated with legacy projects.Company Guidance
During the Q1 2025 earnings call for Aecon Group, the company provided detailed guidance on their financial performance, highlighting several key metrics. Revenue for the quarter was $1.1 billion, up 25% from the same period in 2024, driven by increases in nuclear, industrial, utilities, and civil operations. However, adjusted EBITDA fell to $4 million from $33 million the previous year, largely impacted by a negative gross profit of $29 million on a fixed price legacy project. Excluding this, adjusted EBITDA was flat at $32 million. The company reported an operating loss of $41 million compared to a $4 million loss last year. Despite these challenges, Aecon's backlog reached a record $9.7 billion, bolstered by new contract awards worth $4.1 billion. Adjusted diluted loss per share in the quarter was $0.54, compared to a loss of $0.14 last year. Aecon remains focused on completing its three remaining legacy projects by the end of Q3 2025, with a remaining backlog of $94 million for these projects. The company holds cash and cash equivalents of $38 million and has committed revolving credit facilities totaling $850 million. Looking forward, Aecon plans to capitalize on strong demand and a robust bid pipeline, aiming for further revenue growth and improved profitability in 2025.Record Backlog Achieved
Aecon reported a backlog of $9.7 billion at the end of the first quarter, the highest in its history, driven by new contract awards totaling $4.1 billion.
Significant Revenue Growth
Revenue for Q1 2025 was $1.1 billion, up 25% compared to the same period in 2024, driven by increases in nuclear, industrial, utilities, and civil operations.
Recognition as a Green Employer
Aecon was recognized as one of Canada's Greenest Employers, reflecting its commitment to environmental sustainability and achieving a 34% reduction in Scope 1 and Scope 2 emissions since 2020.
Strong Demand in U.S. Utilities Sector
Aecon's U.S. utilities operations performed well with robust demand, particularly in Michigan, supported by rate-based client funding.
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TSE:ARE Earnings History
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
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TSE:ARE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 23, 2025 | C$17.38 | C$15.67 | -9.84% |
| Mar 05, 2025 | C$22.04 | C$18.49 | -16.11% |
| Oct 31, 2024 | C$22.78 | C$27.04 | +18.70% |
| Jul 24, 2024 | C$13.81 | C$14.40 | +4.27% |
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.
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FAQ
When does Aecon Group Inc. (TSE:ARE) report earnings?
Aecon Group Inc. (TSE:ARE) is schdueled to report earning on Jul 24, 2025, TBA Not Confirmed.
What is Aecon Group Inc. (TSE:ARE) earnings time?
Aecon Group Inc. (TSE:ARE) earnings time is at Jul 24, 2025, TBA Not 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 (Q2) is 0.11.
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