Aecon reports second quarter 2026 results
Aecon reported Q2 2026 revenue of $1.63 billion, up 25% year-over-year, while Adjusted EBITDA doubled to $82.4 million driven by strong execution in utilities and nuclear sectors. The company announced an agreement to purchase Oaktree Capital Management's preferred equity interest in Aecon Utilities for $320 million, implying an enterprise value of $1.5 billion. Additionally, the firm secured major project wins including a multi-billion dollar contract for the Greenlight Electricity Centre and an $815 million contract for the North End Sewage Treatment Plant.
Key figures
- Revenue
- $1,631 million
- Guidance
- Expects double digit revenue growth in 2026
- Revenue Yoy
- 25%
- Backlog
- $10,492 million
- Adjusted eps
- 0.33
- Adjusted ebitda
- $82.4 million
- Operating profit
- $36.4 million
- Adjusted ebitda margin
- 5.1%
AI analysis
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