{"id":29386,"date":"2025-03-08T14:17:35","date_gmt":"2025-03-08T22:17:35","guid":{"rendered":"https:\/\/essential.construction\/news\/aecon-profits-rise-but-fall-short-of-expectations\/"},"modified":"2025-03-08T14:17:35","modified_gmt":"2025-03-08T22:17:35","slug":"aecon-profits-rise-but-fall-short-of-expectations","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/aecon-profits-rise-but-fall-short-of-expectations\/","title":{"rendered":"Aecon profits rise but fall short of expectations"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>TORONTO \u2014 Aecon Group Inc. is reporting a quarterly profit boost of 44 per cent year-over-year, but the big earnings increase failed to match analysts\u2019 expectations.<\/p>\n<p>The construction contractor says income attributable to shareholders rose to $14.0 million in the quarter ended Dec. 31 from $9.7 million in the same period a year earlier.<\/p>\n<p>Aecon says fourth-quarter revenues increased 12 per cent to $1.27 billion from $1.13 billion the year before.<\/p>\n<p>On an adjusted basis, the Toronto-based infrastructure firm says diluted earnings jumped to 25 cents per share from 12 cents per share.<\/p>\n<p>However, analysts were forecasting adjusted earnings of 41 cents per share, according to financial markets firm LSEG Data &amp; Analytics.<\/p>\n<p>The quarter capped off a year that saw Aecon report $59.5 million in losses, with CEO Jean-Louis Servranckx citing income drops owing partly to the sale of a minority stake in Skyport, which is handling an infrastructure overhaul at the Bermuda airport.<\/p>\n<p style=\"text-align: center;\"><strong>\u00a92025 The Canadian Press<\/strong><\/p>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/canada.constructconnect.com\/dcn\/news\/economic\/2025\/03\/aecon-profits-rise-but-fall-short-of-expectations\" rel=\"nofollow noopener\" target=\"_blank\">This article was originally posted at Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] TORONTO \u2014 Aecon Group Inc. is reporting a quarterly profit boost of 44 per cent year-over-year, but the big &#8230; <a title=\"Aecon profits rise but fall short of expectations\" class=\"read-more\" href=\"https:\/\/essential.construction\/news\/aecon-profits-rise-but-fall-short-of-expectations\/\" aria-label=\"Read more about Aecon profits rise but fall short of expectations\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1037],"tags":[357,295],"class_list":["post-29386","post","type-post","status-publish","format-standard","hentry","category-daily-commercial-news","tag-blog","tag-technology","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/29386","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/comments?post=29386"}],"version-history":[{"count":0,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/29386\/revisions"}],"wp:attachment":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media?parent=29386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/categories?post=29386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/tags?post=29386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}