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Bullboard - Stock Discussion Forum Aecon Group Inc T.ARE

Alternate Symbol(s):  AEGXF

Industrials Conglomerates
Aecon Group Inc. is a Canada-based construction and infrastructure development company. The Company delivers integrated solutions to private and public sector clients throughout Canada and other countries. It operates through two segments within the infrastructure development industry: Construction and Concessions. Its Construction segment includes all aspects of the construction of both public... see more

TSX:ARE - Post Discussion

Aecon Group Inc > OLD PROJECTS
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Post by RANDMASTER on Aug 03, 2023 12:32pm

OLD PROJECTS

If I understand this correctly the 4-5 older projects are holding ARE back from a more reasonable level.
What is the time frame for the completion of these projects and what share of total revenue do they represent?
Eventually these will be off the books and management had better have learned their lesson going forward.
Comment by SurfForWealth on Sep 05, 2023 2:26pm
TD had this to say on July 28. Backlog totalled $6.9bln, +14.1% q/q and +3.7% y/y (note: Q2/23 backlog excludes the $447mm of backlog that the Aecon Transportation East business had at the time of its divestiture mid-quarter). Backlog associated with Aecon's four large fixed-price legacy JV projects stood at $699mm (vs. $801mm at Q1/23). Although we are inclined to believe that ...more  
Aecon Group Inc
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