Q3 2025 Aecon Group Inc Earnings Call Transcript
Key Points
- Aecon Group Inc (AEGXF) reported the highest quarterly revenue in its history at $1.5 billion, marking a 20% increase compared to the same period in 2024.
- The company's backlog reached a record $10.8 billion, indicating strong future revenue potential.
- Revenue growth was observed across all operating sectors, with significant contributions from nuclear, industrial, and urban transportation solutions.
- Aecon Group Inc (AEGXF) secured new contract awards worth $1.6 billion in the quarter, up from $1.1 billion in the same period last year.
- The company is expanding its nuclear business with significant projects like the small modular reactors (SMRs) in the US and the Darlington new nuclear SMR project in Ontario.
- Adjusted EBITDA decreased to $88 million from $114 million last year, reflecting a decline in profitability.
- Operating profit fell to $61 million from $81 million in the same period last year, impacted by legacy project losses.
- The company's adjusted diluted earnings per share dropped to $0.53 from $0.86 last year.
- Legacy project losses amounted to $21 million, negatively affecting the quarter's financial performance.
- The concession segment experienced a decline in revenue and operating profit, driven by lower results from Skyport and reduced management and development fees.
Good day and thank you for standing by. Welcome to the Q3 2025 Aon Group Inc earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question answer session. To ask a question during the session, you will need to press 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press 11 again.
Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Adam Bergatti, SVP Corporate Development and Investor.
Relations.
Good morning everyone, and thanks for participating in our 3rd quarter results conference call.
This is Adam Brianti speaking and joining me are Jean Louis Servants, President and CEO Jerome Gullier, executive Vice President and CFO, and Ali McCallum, senior Vice President of finance.
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