Aecon Group Inc. ( (TSE:ARE) ) just unveiled an announcement.
Aecon Group Inc. reported a year-end revenue of $4.2 billion for 2024, with a backlog of $6.7 billion, despite a decrease in revenue and operating profit compared to 2023. The company anticipates stronger revenue in 2025, driven by a robust backlog, new contract awards, and strategic acquisitions. Aecon is advancing several major long-term projects and has been added to the S&P/TSX Composite Index, highlighting its significant market presence. Recent acquisitions and new contracts, including a major nuclear project and a subway extension, are expected to bolster its operations and industry positioning.
More about Aecon Group Inc.
Aecon Group Inc. is a leading Canadian construction and infrastructure development company. It operates in various sectors, including industrial, utilities, and transportation, focusing on delivering large-scale projects and strategic investments to access new markets.
YTD Price Performance: -18.95%
Average Trading Volume: 384,433
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$1.39B
For a thorough assessment of ARE stock, go to TipRanks’ Stock Analysis page.
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