05:28:21 EDT Tue 22 Oct 2024
Enter Symbol
or Name
USA
CA



Atkinsrealis Group Inc
Symbol ATRL
Shares Issued 175,275,350
Close 2024-08-09 C$ 52.52
Market Cap C$ 9,205,461,382
Recent Sedar Documents

Globe/CP say nuclear gives Atkinsrealis warm glow in Q2

2024-08-12 08:48 ET - In the News

The Globe and Mail reports in its Saturday edition that Atkinsrealis's nuclear business drove growth in profits and backlog last quarter, as the engineering firm continued to capitalize on the global energy transition. A Canadian Press dispatch to The Globe says that the nuclear division's revenue leapt 41 per cent year-over-year to $358-million in the quarter ended June 30, while its order book ballooned 57 per cent to $1.75-billion, helping to push the company's total backlog to a record high. The performance also brightened the Montreal company's financial forecast for the year. Atkinsrealis raised its outlook for year-over-year nuclear organic revenue growth to between 30 and 35 per cent from 15 to 20 per cent. However, it also predicted a slightly slimmer adjusted earnings margin for the segment. Contracts with Atkins subsidiary Candu Energy have driven short-term backlog growth. The company, which owns the intellectual property rights to the Candu nuclear technology, recently secured new contracts to extend the life of a Romanian nuclear reactor and, last quarter, to refurbish the Qinshan nuclear plant near Shanghai. Candu is also in talks for life extension work at Ontario's Pickering nuclear power station.

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