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 > Growth + this acquisition should bring our EBITDA

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Comment by LComradeon Jul 02, 2024 11:41am

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Post# 36114509

RE:Growth + this acquisition should bring our EBITDA

The market does not have confidence in management's estimates of future charges on the LSTKs.

Gabriel, I assume your view contradicts the market - are you buying here? I picked up a few shares but I am not diving in...I would like to see management's commentary in the Q2 release, on (1) their responses to questions on the LSTK costs ; and (2) development of the backlog. Backlog development I also want to see where margins are settling. If ARE is truly booking collaborative projects, I assume we should see margin improvement on non-LSTK work.

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