Record High Revenue and Backlog
AtkinsRéalis Services generated a record high revenue of $9.3 billion in 2024, representing more than a 15% organic growth. The backlog for AtkinsRéalis Services totaled more than $17 billion at the end of the year, a growth of more than 25% compared to the end of 2023.
Nuclear Segment Growth
Nuclear revenue organically grew 64% to $464 million in the quarter, reaching a record high. The nuclear backlog increased to $3.2 billion, more than 70% higher than the backlog as of December 31, 2023.
Successful Strategic Transactions
The company signed an agreement for the sale of its interest in Highway 407, expected to generate approximately $2.8 billion, aligning with its strategic focus on engineering services and nuclear business.
Strong Cash Flow Generation
The company generated more than $500 million in net cash from operating activities in 2024, highlighting its cash-generating nature.
Expansion and Acquisitions
The acquisition of David Evans Enterprises is expected to enhance the company's presence on the West Coast of the U.S. and is aligned with the strategy to acquire firms with strong local customer relationships.