This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Aecon Group earns $19.63-million in Q3 2009-11-03 21:23 ET - News Release Mr. Scott Balfour reports AECON REPORTS THIRD QUARTER RESULTS Aecon Group Inc. is releasing its financial results for the third quarter of 2009.
Highlights: -
Revenues increase to $707-million as a result of Lockerbie and South
Rock acquisitions;
- EBITDA (earnings before interest, taxes, depreciation and amortization) grows to $48.5-million, continuing the pattern seen in 13 of
the last 15 quarters;
- Net income dips to $19.6-million or 35 cents per diluted share;
- Backlog reaches a record $1.92-billion;
- Outlook remains positive, over all, with industrial markets still soft.
REVENUE, OPERATING RESULTS AND NET INCOME
(in millions of dollars, except per-share amounts)
Three months ended Nine months ended
Sept. 30, Sept. 30,
2009 2008 2009 2008
Revenues $ 707 $ 535 $ 1,661 $ 1,274
Gross margin 76.2 68.7 172.2 138.9
EBITDA 48.5 44.4 91.6 81.8
Operating profit 34.0 37.3 54.0 62.5
Interest expense (4.3) (1.6) (9.0) (5.9)
Earnings before taxes 29.7 35.7 45.0 56.5
Income taxes (9.6) (12.2) (13.9) (16.4)
Net income 19.6 23.1 28.9 39.0
Earnings per diluted share $ 0.35 $ 0.45 $ 0.53 $ 0.80
Backlog -- Sept. 30 $ 1,924 $ 1,499
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