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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Aecon Group
Aecon Group (ARE) investor relations material
Aecon Group Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary30 Oct, 2026
Executive summary
Q3 revenue was $1,920.6M, up 26% YoY; Adjusted EBITDA rose 40% to $130.2M and backlog reached a record $14,559M.
Growth spanned Construction sectors, led by utilities and nuclear; more than 80% of backlog was collaborative or non-fixed-price work.
Record quarterly operating cash flow of $417M strengthened the financial position; attributable profit was $52.9M versus $40.0M a year earlier.
Financial highlights
Q3 gross profit was $201.6M, up 54% YoY, with gross margin at 10.5% versus 8.6%; operating profit was $83.1M versus $61.4M.
Adjusted profit attributable to shareholders increased 86% to $61.7M; Adjusted diluted EPS rose to $0.86 from $0.49, while reported diluted EPS was $0.74 versus $0.60.
Q3 awards totaled $5,988M versus $1,561M a year earlier; backlog was up 35% YoY to $14,559M.
9M revenue was $4,808.6M versus $3,893.5M; Adjusted EBITDA was $244.6M versus $137.3M, and Adjusted profit was $72.2M versus an adjusted loss of $8.0M.
Outlook and guidance
Double-digit revenue growth is expected in 2026, supported by backlog above $14B, recurring programs, acquisitions and opportunities across strategic markets.
Further revenue growth is expected in 2027 as development-stage projects advance toward delivery, including Arctic Over-the-Horizon Radar, Roberts Bank Terminal 2, Hamilton LRT and Mactaquac.
Construction Adjusted EBITDA margins are expected to stabilize in 2026 and gradually improve in 2027, supported by risk-adjusted work and operational focus.
2026 capital expenditures are expected to exceed 2025 levels to support growth, execution resiliency and systems investment.
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Latest events from Aecon Group
- Q2 2026 revenue up 25%, doubled EBITDA, and a $10.5B backlog drive strong growth outlook.ARE
Q2 2026 - Record backlog, margin growth, and sustainability focus drive a strong outlook for 2026.AREInvestor presentation
- Record revenue, board transition, and strategic growth initiatives mark a transformative year.AREAGM 2026
- Record revenue, backlog, and acquisitions drive growth and margin gains for 2026.AREQ1 2026
- Record revenue, backlog, and profit turnaround set the stage for higher growth in 2026.AREQ4 2025
- Q3 2024 revenue and margins improved, with strong backlog and U.S. expansion supporting 2025 growth.AREQ3 2024
- Q2 loss driven by legacy charges, but stable backlog and new investments support future growth.AREQ2 2024
- Record backlog and revenue growth offset by legacy project losses; outlook remains positive.AREQ1 2025
- Legacy project losses drove a 2024 net loss, but record backlog and 2025 outlook are strong.AREQ4 2024
Next Aecon Group earnings date
Q4 20264 Mar, 2027
Aecon Group
Next Aecon Group earnings date
Q4 20264 Mar, 2027
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Frequently asked questions
Aecon Group Inc., provides construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through three segments: Infrastructure, Energy, and Mining. The company offers construction services in the civil infrastructure, transportation, nuclear power generation/refurbishment, heavy industrial/manufacturing facilities, mining and natural resources sectors. Aecon Group Inc. was founded in 1877 and is headquartered in Toronto, Canada.