Aecon Group Inc T.ARE

SNC Q2

[Dibah420]

AtkinsRealis reports second-quarter profit and revenue up from year ago

MONTREAL

THE CANADIAN PRESS

PUBLISHED 25 MINUTES AGO

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AtkinsRealis Group Inc. 

ATRL-T +3.51%increase

 

 reported its second-quarter profit and revenue rose compared with a year ago.

 

The engineering services company formerly known as SNC-Lavalin says its profit attributable to shareholders totalled $82.2-million or 47 cents per diluted share for the quarter ended June 30.

The result was up from a profit of $63.8-million or 36 cents per diluted share in the same quarter last year.

Revenue for the quarter amounted to $2.36-billion, up from $2.13-billion a year earlier.

On an adjusted basis, AtkinsRealis says its professional services and project management business earned 49 cents per diluted share in its latest quarter, up from an adjusted profit of 41 cents per diluted share a year ago.

AtkinsRealis CEO Ian Edwards says the company concluded the first half of the year with another strong quarter, delivering significant year-over-year revenue growth and margin expansion.

[Gabriel]

They have a net cash outflow of $88.7 million from operating activities during Q2 meaning day-to-day operations are not generating enough cash to cover expenses, which might be a concern depending on the context and the reasons:   1. Temporary Issue: The negative cash flow could be due to temporary factors such as higher-than-usual expenses (compensation being one of them that they said

[Dibah420]

Mkt reaction seems to confirm your sentiment: $53.30 -2.49 |  -4.46% Bid:  53.23 x 100 Ask:  53.33 x 200 Volume: 156,330 CAD  |  TSX  |  DELAYED  |   |  AUGUST 09, 2024 10:06:00 AM EDT

[Gabriel]

It's the leadership. I am actually short SNC/ATRL at an EV/EBITDA ratio of 12 excluding concessions (10$ per share) to slightly balance my long position on Aecon sellin at an EV/EBITDA of 2 excluding concessions (9.42$ per share per NBF).

[Gabriel]

With all due respects, and I have heard this from many who have worked with him, Ian Edwards lacks key leadership qualities: Courage to say things plainly the way they are, strategic foresight and undeniable charisma to mobilize the best and get the best out of your staff. if you have extra time: https://medium.com/@irshadhuzaifa/napoleon-a-study-in-leadership-a5663474f9d3