Q3 2025 Atkinsrealis Group Inc Earnings Call Transcript
Key Points
- Atkinsrealis Group Inc (SNCAF) reported a 17% year-over-year increase in services revenue, with organic growth at 11%.
- The company's nuclear revenue grew organically by 60%, reaching a quarterly record high of $596 million.
- The total backlog reached a new record high, with a 24% growth compared to the previous year.
- The acquisition of C2 AE supports the company's 'land and expand' strategy in the US, aligning with capital allocation priorities.
- The company increased its nuclear revenue outlook for 2025 to between $2.2 billion and $2.3 billion, reflecting strong demand and backlog growth.
- Atkinsrealis Group Inc (SNCAF) decreased its 2025 organic revenue growth outlook for its Engineering Services Regions business to a low single-digit year-over-year percentage increase due to lower growth in the USLA and EMEA regions.
- The company experienced slower framework agreement conversion projects and procurement disruptions in the US, impacting revenue growth.
- Revenue in the AMEA region declined by 9%, primarily due to lower volumes on large-scale projects in the Middle East.
- The company faces challenges in the US market due to states delaying project releases and awards, influenced by macroeconomic factors.
- The Engineering Services Regions business reported flat organic revenue growth when excluding acquisitions and positive FX impacts.
Good day, and thank you for standing by. Welcome to the AtkinsRéalis third-quarter 2025 conference call. (Operator Instructions) Please be advised today's conference is being recorded.
I would now like to turn the conference over to your speaker today, Denis Jasmin. Please go ahead.
Thank you, Kevin. Good morning, everyone, and thank you for joining us today. For those in, we invite you to view the slide presentation that we have posted in the Investors section of our website, which we will refer to during this call. Today's call is also webcast. With me today are Jan Edwards, Chief Executive Officer; and Jeff Bell, Chief Financial Officer.
Before we begin, I would like to ask everyone to limit themselves to one or two questions to ensure that all analysts have an opportunity to participate. You are welcome to return to the queue for any follow-up questions.
I would like to drive your attention to slide 2. clients made on today's call may contain forward
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