Canada · Delayed Price · Currency is CAD AtkinsRéalis Group Earnings Call Transcripts
Fiscal Year 2026
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Q2 saw 10% revenue growth and record adjusted EBITDA, driven by nuclear and engineering services. Backlog reached CAD 20.2 billion, with strong margins and improved cash flow. Nuclear outlook was raised, and strategic acquisitions and AI investments are supporting long-term growth.
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Q1 2026 saw robust revenue and earnings growth, led by record nuclear performance and strong engineering services demand. Strategic acquisitions and AI-driven innovation are expanding market reach, while guidance for 2026 is reaffirmed with expectations for margin improvement and continued backlog growth.
Fiscal Year 2025
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Record 2025 results featured 16% organic revenue growth, a $21B backlog, and strong cash flow, driven by engineering and nuclear segments. 2026 guidance calls for 5%-7% organic growth, continued margin expansion, and robust M&A activity, with nuclear revenue targets raised for 2027.
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Record Q3 results with 15% revenue growth, record backlog, and margin expansion driven by strong nuclear and engineering services performance. Nuclear revenue outlook raised, while engineering services growth guidance lowered due to temporary USLA and EMEA softness. Robust M&A activity and strong cash flow support continued expansion.
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Q2 saw 15% revenue growth, record $21B backlog, and a surge in nuclear business, offset by project delays in EMEA and US. Capital structure strengthened via asset sales and buybacks, with focus shifting to M&A and organic growth, especially in nuclear and US markets.
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Strong organic revenue growth and record backlog were driven by nuclear and links on segments, with nuclear revenue up 77% year-over-year. Full-year nuclear revenue guidance was raised, and the balance sheet remains robust, supporting ongoing M&A and share buybacks.
Fiscal Year 2024
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Record 2024 results with 12% revenue growth, strong cash flow, and a record $17.5B backlog. Announced $2.8B sale of Highway 407 stake, with proceeds to fund debt reduction, M&A, and share buybacks. 2025 guidance targets 7-9% organic growth and margin expansion.
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Q3 saw double-digit revenue and EBIT growth, record backlog, and strong cash flow, driven by robust demand in engineering and nuclear services. Margin improvement initiatives are on track, with continued investment in growth and M&A, especially in the US. Backlog and cash flow support a positive outlook.
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Q2 2024 saw double-digit revenue and profit growth, record backlog, and strong performance across all segments, especially nuclear. Full-year guidance for nuclear revenue was raised, while margin improvement and prudent outlooks were emphasized amid macro uncertainties.
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Revised summary: The company has become a focused Engineering Services and Nuclear business, targeting >8% organic growth and 200-300 bps margin expansion by 2027. Regional strategies stress sustainability, talent, and excellence, while the nuclear segment leverages CANDU rights and a strong project pipeline. Capital will prioritize growth, M&A, and shareholder returns.