AtkinsRéalis Group Inc. continued to tout its nuclear business as one of the keys to its growth strategy amid a record-high backlog last quarter. The engineering services firm says its services backlog stood at $16.84 billion as of Sept.
AtkinsRéalis Group Inc. continued to tout its nuclear business as one of the keys to its growth strategy amid a record-high backlog last quarter.
"Through this, we can build a backlog that will grow over time and provide recurring revenue for decades to come." Asked if there is a risk the nuclear industry could face capacity constraints down the road as it works to meet growing demand for new builds, Edwards said the issue is top of mind for Atkins.
Atkins announced on Wednesday it was awarded a 10-year contract for US$2.3 billion, along with partners Westinghouse Government Services and Jacobs Technology Inc., to operate facilities and assume site landlord responsibilities at the U.S. Department of Energy’s Paducah and Portsmouth Gaseous Diffusion Plants.
On an adjusted basis, AtkinsRéalis said its professional services and project management business earned 63 cents per diluted share, up from an adjusted profit of 38 cents per diluted share a year ago.RBC analyst Sabahat Khan called it a"positive" quarter for the company, as results were ahead of forecasts.
It's one of three LSTK construction contracts that have plagued Atkins' business, along with Toronto's Eglinton Crosstown light-rail transit system and Ottawa's Trillium Line.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AtkinsRéalis Group reports third-quarter revenue up from year agoMONTREAL — AtkinsRéalis Group Inc. reported its third-quarter profit edged lower compared with a year ago when it benefited from a gain on the sale of its Scandinavian engineering services business.
Read more »
AtkinsRealis Group reports third-quarter profit down from year agoThe engineering services firm says it earned net income attributable to shareholders of $103.7-million or 59 cents per diluted share for the quarter ended Sept. 30
Read more »
AtkinsRéalis Group reports third-quarter revenue up from year agoAtkinsRéalis Group Inc. reported its third-quarter profit edged lower compared with a year ago when it benefited from a gain on the sale of its Scandinavian engineering services business.
Read more »
Expedia Shares Gain on Report That Uber Explored Making a BidExpedia Group Inc. jumped in late trading after the Financial Times reported that Uber Technologies Inc. explored a possible bid for the online travel-booking company.
Read more »
Aecon acquires United Engineers & Constructors Inc. - Daily Commercial NewsCanada's construction news
Read more »
NOHFC awarded to KBM Forestry Consultants IncKBM Forestry Consultants Inc. receives over $340,000 in NOHFC funding for the expansion of its hanger.
Read more »