Aecon Group reports $7.6M loss in Q2 as backlog hits record
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Hey there, time traveller!
This article was published 31/07/2025 (242 days ago), so information in it may no longer be current.
TORONTO – Aecon Group Inc. reported a loss attributable to shareholders of $7.6 million in its latest quarter, compared with a loss of $123.9 million during the second quarter last year.
The results amounted to a loss of 12 cents per diluted share in the quarter ended June 30, compared with a loss of $1.99 the year prior.
The Toronto-based construction firm says revenue reached $1.3 billion, up 52 per cent on a year-over-year basis.
Aecon Group also reported a backlog of $10.7 billion, the largest in the company’s history.
Chief executive Jean-Louis Servranckx says revenue for 2025 is expected to come in higher than last year, due to a number of factors, including the record backlog.
The company says it’s also continuing to monitor the potential impact from tariffs on its operations.
This report by The Canadian Press was first published July 31, 2025.
Companies in this story: (TSX:ARE)