Aecon reports first quarter 2025 results with record backlog of $9.7 billion

Provided By GlobeNewswire

Last update: Apr 23, 2025

TORONTO, April 23, 2025 (GLOBE NEWSWIRE) -- Aecon Group Inc. (TSX: ARE) (“Aecon” or the “Company”) today reported results for the first quarter of 2025.

“With record backlog of $9.7 billion, contributions from strategic acquisitions, solid recurring revenue, and a strong bid pipeline, revenue in 2025 is expected to be stronger than 2024,” said Jean-Louis Servranckx, President and Chief Executive Officer, Aecon Group Inc. “Aecon continues to maintain a disciplined capital allocation approach to deliver long-term shareholder value through acquisitions and divestitures, organic growth, dividends, capital investments, and common share buybacks on an opportunistic basis.”