Canada's Atkinsrealis Q3 revenue rises on nuclear segment growth

Atkinsrealis

05/11/2026 11:30

Overview
Canada engineering and nuclear firm's Q3 revenue rose 11% yr/yr; adjusted EPS up 9%
Net income fell yr/yr due to higher tax and acquisition-related costs
2026 organic revenue growth outlook for Engineering Services cut to low single digits on Middle East weakness

Outlook
Company lowers 2026 Engineering Services Regions organic revenue growth outlook to low single digits
Company maintains all other 2026 financial outlook metrics previously issued
Company expects Middle East conflict to continue impacting AMEA segment performance

Result Drivers
NUCLEAR GROWTH - Co said nuclear segment revenue rose 10% yr/yr, supporting overall results
REGIONAL PERFORMANCE - Revenue and margins rose in Canada and UK & Ireland, while AMEA was negatively affected by Middle East conflict
AI-ENABLED EXECUTION - Co said adoption of AI-enabled processes improved project execution and helped secure larger contracts

Company press release: ID:nCNWKg4LBa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
C$3.10 bln
 
Q3 Adjusted EPS
 
C$1.20
 
Q3 EPS
 
C$0.83
 
Q3 Net Income
 
C$133.30 mln
 
Q3 Adjusted EBITDA
 
C$331 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", no "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 Atkinsrealis Group Inc is C$119.50, about 30.2% above its November 4 closing price of C$91.76
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 19 three months ago

Reuters Recommended Reads
Nov 4 - Canada's WSP Global Q3 revenue rises 16.6%, beats estimates
Nov 4 - Canada's North American Construction Q3 revenue rises; tightens FY outlook
Nov 5 - Sweden's Skanska Q3 revenue beats on construction segment growth

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.)