Bullboard - Stock Discussion Forum Aecon Group Inc T.ARE

Alternate Symbol(s): AEGXF

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

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Aecon Group Inc > Losses on LSTKs

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Post by Gabriel on Mar 05, 2024 5:33pm

Losses on LSTKs

Says losses on LSTKs total 215.2m for 2023.

We had 2.8m in Q1; 81.3m in Q2 and 91.4m in Q3, so we have 40m in Q4 or 0.65$ per share loss on LSTKs in Q4.

Despite this loss of 0.65$ on LSTKs, we have 0.15$ net EPS. So excluding LSTKs, we would have had 0.80$ in Q4.

LSTK backlog is down to 420m in 12/23 vs 1029m 12/24.

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Comment by Gabriel on Mar 05, 2024 5:36pm

Amazing that this company is able to draw a profit despite this LSTK saga. Consolation is we are nearing the end of this and we have a rather solid balance sheet thanks to the other projects.

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Comment by Henrye on Mar 05, 2024 8:28pm

Gabriel, clearly our outlook re our firm unwavering opinion re Aecons future after legacy is exactly as we have been preaching. No doubt legacy project losses will eventually be offset by bill backs as they will eventually disclose the settlements ( matter of time in near future) and add to bottom line. Frankly , I don't care re any share fluctuations as no matter , I refuse to blink and ...more

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