FINWIRES · TerminalLIVE
FINWIRES

Aecon Group Posts a Narrower Loss and Higher Revenue for First Quarter

By

-- Aecon Group (ARE.TO) after trade Tuesday reported a narrower loss and higher revenue for the first quarter.

The construction and engineering company's adjusted loss attributable to shareholders, excluding most one-time items, was $13.3 million, or $0.21 per share, compared with a loss of $34.6 million, or $0.55, a year ago. FactSet expected $0.23 loss per share.

Revenue for the period rose to $1.26 billion from $1.06 billion in the year ago quarter. FactSet projected $1.13 billion.

"Driven by record backlog of $10.9 billion, growth in new geographies and markets, robust recurring revenue programs, and backed by strong opportunities tied to power generation, critical resource development, transit, water, and defence, Aecon expects 2026 revenue to exceed 2025 levels," Chief Executive Jean-Louis Servranckx said.

In its outlook, the company said it expects 2026 revenue to be above its 2025 result on the strength of its backlog as it works on projects in Canada, the United States and internationally.

Aecon shares closed down $1.03 to $48.10 on the Toronto Stock Exchange.

Related Articles

Research

Research Alert: Ter Beats Expectations, But Q2 Guidance Only In Line, Disappointing The Bulls

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:TER's results again beat consensus in Q1, with sales of $1.28B (+87% Y/Y) outpacing the Street's $1.22B by 5.5% and non-GAAP EPS of $2.56 (+241%) beating expectations for $2.11 by 21%. While still impressive, these results may disappoint more bullish investors, following Q4's blowout beats of 11%/30% for sales/EPS, respectively. Guidance was similarly underwhelming given high expectations, with midpoints of $1.20B in revenue and $2.01 in EPS coming in only just above the Street's views of $1.19B/$1.96, whereas last quarter's guidance beat by an eye-popping 27%/66% for sales/EPS. AI comprised approximately 70% of demand during the quarter, as expected. Semiconductor Test (87% of sales) accelerated +105%, System Test grew +78%, and Robotics rebounded +32% after declines throughout 2025, reflecting broad-based demand. We think 2H will start to reverse 1H's strength given order lumpiness and management's warnings of demand pull-in, with ongoing memory/cleanroom constraints potentially adding pressure.

$TER
Asia

oOh!media Receives AU$1.40-per-Share Buyout Proposal From Pacific Equity Partners

oOh!media (ASX:OML) received an unsolicited, non-binding proposal from Pacific Equity Partners to acquire the company for AU$1.40 per share in cash, according to a Wednesday filing with the Australian bourse.The proposal is subject to several conditions, including the completion of due diligence, unanimous recommendation by oOh!media's board, and regulatory approvals, per the filing.The company said it is evaluating the proposal alongside financial adviser UBS Securities Australia and legal adviser Mallesons.

$ASX:OML
Asia

Bellevue Gold Reports Higher Gold Production, Sales in March Quarter

Bellevue Gold (ASX:BGL) produced 40,745 ounces of gold and sold 39,754 ounces of gold at an average price of AU$3,459 per ounce during the March quarter, according to a Wednesday Australian bourse filing.The company produced 25,146 ounces of gold and sold 25,775 ounces of gold at an average price of AU$3,259 per ounce during the March 2025 quarter, an earlier filing showed.The company said it was on track to meet fiscal 2026 production guidance in the range of 130,000 to 150,000 ounces of gold and all-in sustaining costs guidance of AU$2,600 to AU$2,900 per ounce, the filing added.

$ASX:BGL