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ATCO (ACO-X) investor relations material
ATCO Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved $103 million in adjusted earnings for Q3 2025 ($0.92 per share), up 13% year-over-year, with all segments showing growth and major project wins in North America and Australia.
Portfolio strategy balances stable, yield-generating assets with growth investments in essential services, energy transition, and infrastructure.
ATCO Frontec secured US Prime Contractor status for the US Navy's global logistics program.
Financial highlights
Adjusted earnings of $103 million ($0.92 per share) in Q3 2025, up $12 million and 13% from Q3 2024; IFRS earnings were $85 million ($0.76 per share), down from $93 million.
Structures & Logistics adjusted earnings increased to $32 million from $20 million year-over-year.
Standalone cash flow from operating activities was $84 million, nearly doubling year-over-year.
Weighted average shares outstanding for Q3 2025 were 112.4 million.
Outlook and guidance
Backlog and bidding activity in workforce housing and housing sectors indicate strong revenue visibility and expected improvement for 2026.
Anticipated regulatory decision on Yellowhead Pipeline Facility Application in Q2 2026; construction expected to start in 2026 with a $2.9 billion investment.
Stibnite Gold Project to begin manufacturing in Q4 2025, with site installation and in-service targeted for Q1 2027.
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