Q1 2026 Atkinsrealis Group Inc Earnings Call Transcript
Key Points
- Atkinsrealis Group Inc (SNCAF) reported an 18% year-over-year increase in total revenue for Q1 2026, with a 13% organic growth rate.
- The company's nuclear business achieved record quarterly revenues, with an organic revenue increase of 37% compared to Q1 2025.
- Adjusted EBITDA grew by 18%, translating to a 27% increase in adjusted EPS year-over-year.
- The company secured numerous wins in Q1, strengthening its $20 billion backlog, and announced three strategic acquisitions to expand its presence in high-growth regions.
- Atkinsrealis Group Inc (SNCAF) is leveraging AI and innovative delivery models to improve safety, quality, and productivity across its operations.
- The Engineering Services Regions segment experienced a year-over-year decline in margin due to the reprioritization and wind-down of high-margin projects in the Middle East and reduced federal emergency work in the U.S.
- Revenue in the EMEA region was down 8% year-over-year, primarily due to lower revenue on major projects in the Middle East.
- The company's nuclear backlog decreased by 15% from March 31, 2025, reflecting continued progress on ongoing projects.
- The U.S. segment's operating margin decreased to 11% from 14% in the prior year, affected by market expansion and staff-related costs.
- The ongoing conflict in the Middle East is impacting the company's business in the region, creating uncertainty in the near-term environment.
Good day and welcome to the Atkins Realist First Quarter 2026 Conference Call. At this time, all participants are on listen-only mode. After the speaker's presentation, there'll be a question-and-answer session. To ask a question, you will need to press *11 on your touchstone telephone.
Please note this call is being recorded. I'd like to turn the call over to Dennis Jasmine, Vice President Investor Relations. Please begin.
Thank you, Michelle. Good morning, everyone.
And thank you for joining us today.
For those diving 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 Yan 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 NLS have an opportunity to participate. You are
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