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Aecon Group Inc. (TSE:ARE)
TSX:ARE
Earnings Data
Report Date
Jul 24, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.11Last Year’s EPS
-1.99Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 23, 2025
|% Change Since: -9.84%
|Next Earnings Date:Jul 24, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected both challenges and opportunities for Aecon. While the company faced significant declines in revenue, EBITDA, and construction segment performance, it also reported a strong backlog, strategic acquisitions, and growth in collaborative contracting and U.S. operations. The impact of legacy projects remains a concern, but the company's strategic initiatives and project transitions show potential for future growth.Company Guidance
During Aecon Group, Inc.'s Q4 2024 earnings call, several key financial metrics and future outlooks were discussed. The company's revenue for 2024 was reported at $4.2 billion, a 9% decrease from the previous year. Adjusted EBITDA dropped to $83 million from $143 million in 2023, negatively impacted by $273 million in legacy project losses. The operating loss stood at $60 million compared to an operating profit of $241 million in 2023. The backlog increased to $6.7 billion, up from $6.2 billion last year, with new contract awards totaling $4.7 billion for 2024. The Concessions segment's adjusted EBITDA was $87 million, slightly lower than the prior year's $90 million. Looking forward, Aecon anticipates revenue growth in 2025 driven by a strong backlog, recent contract awards, and a robust bid pipeline, though margins are expected to face headwinds from ongoing completion of major projects.Strong Backlog and New Contracts
Aecon reported a backlog of $6.7 billion at the end of 2024, up from $6.2 billion a year ago. New contract awards of $4.7 billion were booked in the year, surpassing the $4.5 billion in the previous year.
Strategic Acquisitions
The acquisition of United, Ainsworth Power Construction, and Xtreme Powerline has strengthened Aecon's position in the utilities, nuclear, and conventional power sectors across North America.
Transition to Collaborative Contracting Models
Aecon has successfully transitioned several major projects, like the Scarborough Subway Extension, to collaborative and progressive design-build models, which are expected to improve margin predictability.
Growth in Nuclear and Utilities
In 2024, 45% of Aecon's construction revenue was generated from the utilities and nuclear sectors, compared to 39% in 2023, indicating growth in these areas.
Expansion in the U.S. Market
Aecon's U.S. operations have grown significantly, with nuclear-related revenue expected to reach between CAD 150 million and CAD 200 million in 2025.
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TSE:ARE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:ARE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 23, 2025 | C$17.38 | C$15.67 | -9.84% |
| Mar 05, 2025 | C$22.04 | C$18.49 | -16.11% |
| Oct 31, 2024 | C$22.78 | C$27.04 | +18.70% |
| Jul 24, 2024 | C$13.81 | C$14.40 | +4.27% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Aecon Group Inc. (TSE:ARE) report earnings?
Aecon Group Inc. (TSE:ARE) is schdueled to report earning on Jul 24, 2025, TBA Not Confirmed.
What is Aecon Group Inc. (TSE:ARE) earnings time?
Aecon Group Inc. (TSE:ARE) earnings time is at Jul 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:ARE EPS forecast?
TSE:ARE EPS forecast for the fiscal quarter 2025 (Q2) is 0.11.
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