AtkinsRéalis Group (ATRL) Q3 2026 earnings summary

Executive summary

• Q3 revenue reached a record $3,109.4M, up 10.7% reported and 8.7% organically; Adjusted EBITDA rose 14.3% to a record $330.6M.

• Adjusted diluted EPS increased 9.1% to $1.20; Adjusted EBITDA and EPS improved sequentially for a third consecutive quarter.

• Backlog was $20.465B at September 30, 2026; positive operating cash flow supported acquisitions and shareholder returns.

Financial highlights

• Segment Adjusted EBIT rose 11.9% to $301.1M; Adjusted EBITDA increased 14.3% to $330.6M.

• Net income attributable to shareholders was $133.3M versus $146.7M; diluted EPS was $0.83 versus $0.88.

• Adjusted net income rose to $192.8M from $182.4M; Adjusted diluted EPS increased to $1.20 from $1.10.

• Corporate SG&A was $20M, down 26% YoY, mainly on revised long-term employee incentive estimates; net financial expenses fell 49% to $11M.

• Effective tax rate was 25.7%, higher YoY; Q4 rate expected to be at least as high.

Outlook and guidance

• FY26 Engineering Services Regions organic revenue growth outlook cut to low single digits from 5%–7% amid Middle East conflict; other FY26 outlook measures maintained.

• FY26 Engineering Services Regions Adjusted EBITDA margin target is 16.5%–17.5%; Nuclear revenue outlook is $2.7B, with Segment Adjusted EBIT margin target of 11%–12%.

• FY26 net cash from operating activities expected to be at least $500M, with strong positive Q4 cash flow anticipated.

• No FY27 guidance provided; management sees underlying Engineering Services as a 5%–7% global growth business, with regional and market conditions varying.