05:16:42 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Aecon Group Inc
Symbol ARE
Shares Issued 60,015,828
Close 2019-03-05 C$ 18.59
Market Cap C$ 1,115,694,243
Recent Sedar Documents

Globe/CP say Aecon increases Q4 profit to $27.9M

2019-03-06 09:42 ET - In the News

The Globe and Mail reports in its Wednesday edition that Aecon Group notched record annual revenues in 2018, allowing the engineering firm to raise its quarterly dividend by two cents per share to 14.5 cents. A Canadian Press dispatch to The Globe says that Aecon logged a 16-per-cent year-over-year increase in revenues to $3.27-billion last year, up from $2.81-billion in 2017. For the quarter ended Dec. 31, it says revenues rose 38 per cent to $948.5-million compared with the same period in 2017. Net profit jumped 32 per cent to $27.9-million last quarter, from $21.1-million with a year earlier. That equalled 41 cents per diluted share, up from 33 cents per share in the previous year's quarter. Aecon says it booked new contracts worth $5.8-billion in 2018, a record and a substantial increase from the $2.8-billion in contracts recorded in 2017. Analyst Derek Spronck of RBC Dominion Securities says the firm benefited from new projects and milder winter during the quarter. Aecon closed Tuesday at $18.59, up 23 cents on the Toronto Stock Exchange.

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