Aecon Group Inc. (AEGXF) Q3 2024 Earnings Call Transcript Summary
Aecon Group Inc. (AEGXF) Q3 2024 Earnings Call Transcript Summary
Operating profit was $81 million, down from $140 million in Q3 2023, primarily due to the net impact from legacy losses last year and the gain from the sale of a 49.9% interest in Skyport.The following is a summary of the Aecon Group Inc. (AEGXF) Q3 2024 Earnings Call Transcript:
以下是Aecon集團公司（AEGXF）2024年第三季度業績會交易摘要：
Financial Performance:
金融業績：
Aecon Group Inc. reported a Q3 2024 revenue of $1.3 billion, up 3% from Q3 2023.
Adjusted EBITDA was $127 million with a margin of 10%, compared to $32 million and a margin of 2.6% in Q3 2023, largely due to improvement from legacy projects.
Operating profit was $81 million, down from $140 million in Q3 2023, primarily due to the net impact from legacy losses last year and the gain from the sale of a 49.9% interest in Skyport.
The company has a reported backlog of $6 billion, with new contract awards of $1.1 billion in the quarter.
Aecon集團公司報告2024年第三季度營業收入13億美元，比2023年第三季度增長3%。
調整後的EBITDA爲12700萬美元，利潤率爲10%，而2023年第三季度分別爲3200萬美元和利潤率爲2.6%，主要是由於舊項目改善所致。
營業利潤爲8100萬美元，較2023年第三季度的14000萬美元下降，主要是由於去年舊損失的淨影響以及出售Skyport 49.9%股權所產生的收益。
公司已報告的訂單積壓爲60億美元，本季度新合同額爲11億美元。
Business Progress:
業務進展：
Aecon is focusing on growing in the decarbonization and energy transition sectors, expanding both in the U.S. and international markets.
Development phase work is underway on major projects including the GO Expansion on Corridor Works project, the Scarborough Subway Extension, and the U.S. Virgin Islands Airport Redevelopment Project.
Aecon's progressive design-build projects are expected to move into the construction phase between 2025 and 2026.
Aecon entered into a definitive purchase agreement to acquire United Engineers & Constructors Inc., a nuclear and conventional power contractor, to enhance capabilities and access to the U.S. market.
Aecon正專注於在脫碳和能源轉型領域實現增長，在美國和國際市場都在擴張。
主要項目開發階段工作正在進行中，包括走廊工程項目的GO擴展項目、士嘉堡地鐵延長線項目和美屬維爾京群島機場改造項目。
Aecon的漸進式設計-施工項目預計將於2025年至2026年之間進入施工階段。
Aecon達成明確的購買協議，收購核電和傳統電力承包商United Engineers & Constructors Inc.，以增強能力並進入美國市場。
Opportunities:
機會：
The company anticipates revenue growth beginning in 2025, supported by a strong backlog and robust demand for Aecon's services across Canada.
Opportunities for the Concessions segment to grow through additional Canadian and international projects, including projects with private sector clients focused on sustainability and the transition to a net-zero economy.
公司預計從2025年開始實現營業收入增長，受強勁訂單儲備和對Aecon服務在全加拿大的強勁需求的支持。
特許經營板塊有機會通過額外的加拿大和國際項目實現增長，其中包括與側重於可持續性和過渡向淨零經濟的私營部門客戶的項目。
Risks:
風險：
The remaining three legacy projects represent a potential risk, with Aecon focused on driving these projects to substantial completion by 2025. Continued attention is on managing the completion and satisfactory resolution of claims associated with these projects.
Revenue in 2024 is impacted by the sales of previously held assets and the nearing completion of several large projects.
其餘三個歷史遺留項目存在潛在風險，Aecon專注於推動這些項目在2025年實現實質性竣工。繼續關注管理完工和與這些項目相關索賠的圓滿解決。
2024年的營業收入受到先前持有資產銷售和幾個大型項目臨近完工的影響。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
