Aecon Group Inc. (TSE:ARE) has released an update.
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Aecon Group Inc. has announced a first-quarter revenue of $847 million, a 24% decrease from the previous year, but a notable increase in Adjusted EBITDA from $24.6 million to $32.9 million. Despite a net loss of $6.1 million, the company maintains a solid backlog of $6.3 billion and has secured significant new contract awards totaling $963 million. Optimism remains high for growth, especially through projects linked to energy transition and the pursuit of opportunities in U.S. and international markets.
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