Record Backlog Growth
Backlog at the end of the third quarter of 2024 was approximately $16.8 billion, an increase of 35% year-over-year, marking another record high for AtkinsRéalis.
Strong Organic Revenue Growth
AtkinsRéalis Services revenue organically increased 14%, with segment adjusted EBIT increasing 27% to approximately $239 million. Nuclear revenue organically grew 35% to $369 million.
Successful Nuclear Contract Wins
Secured a 30-year life extension contract for 2 CANDU reactors at the Qinshan Nuclear Generating Station and made progress on new-build contract negotiations for C3 and C4 at Cernavoda in Romania.
Positive Cash Flow and Strong Financial Performance
Generated over $200 million in operating cash flow this quarter, with total revenues for the quarter increasing 11% year-over-year to $2.5 billion.
Strategic Geographic Expansion
Continued expansion in high-growth regions like the U.S. and Latin America with organic revenue growth of 11% year-over-year.