Atkinsrealis Group Inc T.ATRL

Alternate Symbol(s): SNCAF

Industrials Conglomerates

Atkinsrealis Group Inc., formerly SNC-Lavalin Group Inc., is a professional services, and project management company. It delivers end-to-end services across the whole life cycle of an asset including consulting, and advisory and environmental services. Its segments include Engineering Services; Nuclear; O&M; Linxon; LSTK Projects, and Capital. The Engineering Services segment includes consultancy, engineering, design and project management services. The Nuclear segment supports clients across the entire nuclear lifecycle with the full spectrum of services from consultancy, EPCM services, field services, technology services, spare parts, reactor support and decommissioning and waste management. The O&M segment consists of providing operations, maintenance, and asset management solutions. The Linxon segment offers engineering, procurement, management, and construction services. The LSTK Projects is comprised of the remaining LSTK construction contracts of the Company.

TSX:ATRL - Post by User

Atkinsrealis Group Inc > FCF negative even excluding LSTK

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Comment by Meesha1on Nov 10, 2023 9:16am

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Post# 35727977

RE:FCF negative even excluding LSTK

As was expected. Cash flow was supposed to improve in H2. Excluding LSTK, net cash from operating activities was +83mm. Federal charges + remediation + Capex + Lease payments = -34mm. So free cash flow ex LSTK was +49m in Q3. Nothing we can do about the first half, but trending in the right direction.

I need to take a closer look, but would have liked to see bigger margin improvement to accompany the impressive revenue growth. Rebranding costs were a little surprising. I feel like their services are in such demand they have room for some execution error.

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