Canada's Aecon Q4 revenue beats analyst expectations on nuclear operations strength

Aecon

05/03/2026 21:41

Overview

Canada construction firm's Q4 revenue beat analyst expectations

Operating profit improved due to reduced losses from fixed price legacy projects

Company completed key strategic acquisitions and expanded in U.S. and international markets

Outlook

Aecon expects 2026 revenue to exceed 2025 levels due to strong demand and record backlog

Company plans to increase 2026 capital expenditures to support growth initiatives

Result Drivers

NUCLEAR AND POWER EXPANSION - Co reported increased revenue from nuclear operations due to refurbishment and new build projects in Ontario and U.S.

LEGACY PROJECT COMPLETION - Operating profit improved due to decreased losses from fixed price legacy projects

RECORD BACKLOG - Co reported record backlog at year-end, driven by new contract awards

Company press release: ID:nGNXg9YkC

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
C$1.54 bln
C$1.40 bln (8 Analysts)
Q4 EPS
C$0.31
Q4 Adjusted EBITDA Margin
6.30%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 8 "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$35.00, about 6.2% below its March 4 closing price of C$37.33

The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 18 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)