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 > Over 433m adjusted EBITDA

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Comment by LCcapitalon Oct 25, 2024 11:21pm

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Post# 36283071

RE:Over 433m adjusted EBITDA

I agree - with the assumption that adjusted EBITDA is achievable EBITDA.

With many companies - it is not. Those "non-recurring" charges, litigations, etc...always seem to recur.

It is up to the investor to make that determination. Even with the three BC contracts just awarded, Aecon called out 1-of-3 as a progressive design & build contract: presumably the remaining two are fixed price contracts.

I have not checked comps lately but I presume Aecon is still cheap relative to its peer group? Tutor Perini being one but others as well?

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