Advertisement
Canada markets closed

  • S&P/TSX

    21,947.41
    +124.19 (+0.57%)
     

  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     

  • DOW

    38,675.68
    +450.02 (+1.18%)
     

  • CAD/USD

    0.7308
    -0.0006 (-0.08%)
     

  • CRUDE OIL

    77.99
    -0.96 (-1.22%)
     

  • Bitcoin CAD

    87,018.34
    +2,597.10 (+3.08%)
     

  • CMC Crypto 200

    1,359.39
    +82.41 (+6.45%)
     

  • GOLD FUTURES

    2,310.10
    +0.50 (+0.02%)
     

  • RUSSELL 2000

    2,035.72
    +19.61 (+0.97%)
     

  • 10-Yr Bond

    4.5000
    -0.0710 (-1.55%)
     

  • NASDAQ

    16,156.33
    +315.37 (+1.99%)
     

  • VOLATILITY

    13.49
    -1.19 (-8.11%)
     

  • FTSE

    8,213.49
    +41.34 (+0.51%)
     

  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     

  • CAD/EUR

    0.6787
    -0.0030 (-0.44%)
     

Aecon Group posts loss of $6.1 million in first quarter, sales also lower

The Canadian Press
·1 min read

TORONTO — Aecon Group Inc. reported a loss of $6.1 million in its first quarter, compared with a loss of $9.4 million a year earlier.

The Toronto-based company says revenue for the quarter ended March 31 totalled $846.6 million, down from $1.1 billion during the same quarter last year.

Diluted loss per share was 10 cents, compared with 15 cents a year ago.

President and CEO Jean-Louis Servranckx says the company is focused on achieving improved profitability and margin predictability.

He says the company has a backlog of $6.3 billion and a strong bid pipeline.

Aecon says it's still dealing with negative impacts stemming from four large fixed-price legacy projects that are affecting its results.

This report by The Canadian Press was first published April 24, 2024.

Companies in this story: (TSX:ARE)

The Canadian Press