Aecon Group Q3 Adjusted Profit, Revenue Rise, Beat Estimates; Expects Double-Digit Growth in 2026

05:01 PM EDT, 10/29/2026 (MT Newswires) -- Aecon Group (ARE.TO) reported Thursday after the close, third-quarter adjusted profit attributable to shareholders of CA$61.7 million, or CA$0.86 per share, up from CA$33.1 million, or CA$0.49 per share, in the same period last year. The per-share earnings exceeded the FactSet consensus estimate of CA$0.73. Revenue for the quarter ended Sept. 30 rose 26% year over year to CA$1.9 billion, exceeding the FactSet consensus estimate of CA$1.8 billion. In its 2026 outlook, Aecon said it expects double-digit revenue growth. The revenue growth outlook is based on secured backlog exceeding $14 billion, recurring revenue programs, recent acquisitions, and a pipeline of project opportunities tied to nuclear and conventional power, critical resource development, mass transit, water, defense and digital infrastructure, the company said. Shares of the company closed up CA$0.19 at CA$53.46 on Toronto Stock Exchange on Thursday.