Atco Ltd. ( (ACLTF) ) has released its Q4 earnings. Here is a breakdown of the information Atco Ltd. presented to its investors.
ATCO Ltd. is a diversified global corporation based in Calgary, Alberta, operating primarily in the energy, housing, and infrastructure sectors, with a focus on delivering essential services and sustainable solutions worldwide.
ATCO Ltd. reported strong financial results for 2024, with adjusted earnings of $481 million, marking a $49 million increase from the previous year. The company’s fourth-quarter adjusted earnings also saw a notable rise, reflecting its robust performance across various segments.
Key financial highlights include a significant increase in adjusted earnings per share to $4.29, up from $3.82 in 2023. ATCO’s IFRS earnings remained stable year-over-year, while the fourth-quarter IFRS earnings showed a substantial increase. The company secured multiple contracts in Canada, Australia, and Chile, and advanced several major utility infrastructure projects, demonstrating its strategic focus on growth and expansion.
ATCO’s recent developments include a $29 million contract for a uranium mine project in Canada, a $12 million decommissioning project in Australia, and a $4 million contract in Chile. The company also announced a significant agreement in the U.S. for its Ashcor division and received a favorable regulatory decision in Australia, enhancing its gas distribution network.
Looking ahead, ATCO Ltd. remains committed to its capital expenditure plan, with a minimum expected investment of $6.1 billion from 2025 to 2027, primarily in regulated utilities. The company continues to focus on strategic growth and infrastructure development, positioning itself for sustained success in the coming years.
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