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.
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