Aecon Q2 revenue up 52%, beats expectations

Aecon

31/07/2025 21:29

Overview

Aecon Q2 revenue rises 52% yr/yr, beating analyst expectations, per LSEG data

Backlog at record C$10.7 bln, driven by strategic acquisitions and nuclear projects

Outlook

Company anticipates improved profitability as legacy projects complete by end of 2025

Capital expenditures in 2025 expected to be moderately higher than 2024

Result Drivers

RECORD BACKLOG - Aecon's backlog reached a record C$10.7 bln, driven by strategic acquisitions and nuclear projects

NUCLEAR PROJECTS - Increased volume of refurbishment and engineering services work at nuclear generating stations boosted revenue

LEGACY PROJECTS - Reduction in losses from fixed price legacy projects significantly improved operating profit

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
C$1.30 bln
C$1.10 bln (8 Analysts)
Q2 EPS
-C$0.12
Q2 Adjusted EBITDA Margin
3.2%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the construction & engineering peer group is "buy"

Wall Street's median 12-month price target for Aecon Group Inc is C$22.00, about 13.6% above its July 30 closing price of C$19.00

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nGNX8f7SYf

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)