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 and private infrastructure, primarily in Canada, and internationally and focuses primarily on the civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure and industrial infrastructure. Its Concessions segment include the development, financing, build and operation of construction projects primarily by way of public-private partnership contract structures, as well as integrating the services of all project participants. The Company’s projects include Annacis Water Supply Tunnel, Bell Canada Gigabit Fiber Service, Finch West LRT, and others.

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Aecon Group Inc

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Post by zutfieon Apr 26, 2024 11:51am

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Aecon Group's Fixed-Cost

Aecon Group's Fixed-Cost Projects Didn't See Incremental Losses in 1Q -- Market Talk

Friday, April 26, 2024, 9:58 AM ET

0958 ET - Canadian construction company Aecon Group's fixed-price projects kept costs at bay in 1Q. TD Cowen's Michael Tupholme says "1Q was a 'clean' quarter with no operating losses incurred on Aecon's four large-fixed legacy projects," which totalled C$40 million in 4Q of last year and C$2.8 million in 1Q 2023.(adriano.marchese@wsj.com)

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