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Last C$13.25 CAD
Change Today -0.46 / -3.36%
Volume 523.8K
ARE On Other Exchanges
Symbol
Exchange
OTC US
Toronto
Frankfurt
As of 4:00 PM 05/26/15 All times are local (Market data is delayed by at least 15 minutes).

aecon group inc (ARE) Snapshot

Open
C$13.66
Previous Close
C$13.71
Day High
C$13.70
Day Low
C$13.16
52 Week High
05/28/14 - C$17.25
52 Week Low
12/16/14 - C$9.51
Market Cap
747.9M
Average Volume 10 Days
510.0K
EPS TTM
C$0.43
Shares Outstanding
56.4M
EX-Date
03/18/15
P/E TM
30.8x
Dividend
C$0.40
Dividend Yield
2.79%
Current Stock Chart for AECON GROUP INC (ARE)

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aecon group inc (ARE) Details

Aecon Group Inc. provides construction and infrastructure development services to private and public sectors in Canada and internationally. The company’s Infrastructure segment constructs roads and bridges, and rail and transit systems; and is involved in municipal construction, material engineering and design, asphalt production and aggregates, and commercial site design. This segment also constructs hydroelectric, tunnels, foundations, airports, marine, and civil transportation infrastructure projects; and transit stations, industrial site buildings, tenant improvements, interior fit-up programs, mechanical systems, rooftop energy systems, and water treatment facilities. Its Energy segment constructs steam assisted gravity drainage, turn-key well pad and field facilities, and liquefied natural gas plants; nuclear, thermal and hydro, natural gas, and renewable power plants; and pipeline construction and integrity programs, telecom infrastructure, power distribution networks, water and sewer, locate services, district energy, utility design, and high voltage transmission projects. This segment is also involved in pipe fabrication, custom steel, and modularization services. The company’s Mining segment engages in the mine site development, including overburden removal and piling services; environmental reclamation services; ore storage and management; heavy mechanical works; process installations; and fabrication services for mine site installations. Its Concessions segment develops, finances, constructs, and operates infrastructure projects by way of build-operate-transfer, build-own-operate-transfer, other public private partnership contract structures, and private finance solutions. The company was formerly known as Prefac Concrete Co. Ltd. and changed its name to Aecon Group Inc. in June 2001. Aecon Group Inc. was founded in 1877 and is headquartered in Toronto, Canada.

10,000 Employees
Last Reported Date: 03/4/15
Founded in 1877

aecon group inc (ARE) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$665.0K
Executive Chairman
Total Annual Compensation: C$729.7K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: C$459.0K
Chief People & Information Officer and Execut...
Total Annual Compensation: C$390.0K
Executive Vice President of Legal & Commercia...
Total Annual Compensation: C$321.5K
Compensation as of Fiscal Year 2014.

aecon group inc (ARE) Key Developments

Cape Sharp Tidal Selects Aecon Group Inc. and Lengkeek Vessel Engineering in Competitive Tender Process

Aecon Group Inc. and Lengkeek Vessel Engineering have been selected by Cape Sharp Tidal after a competitive tender process. Cape Sharp Tidal is a joint venture between Emera Inc. and OpenHydro. Later this year 2015, the project aims to deliver one of the world’s first tidal arrays, with the deployment and grid connection of two 16-metre turbines in the Bay of Fundy, each capable of generating 2MW of electricity. Aecon Group Inc. secured the contract for fabrication of turbine components. It will also develop a 1,150 tonne capacity barge for OpenHydro, which will be used to deploy turbines on to the seabed for the Cape Sharp Tidal project, as well as other future tidal array developments. Lengkeek Vessel Engineering was awarded the contract for design of the barge.

Aecon Energy Announces Earnings Results for the First Quarter Ended March 31, 2015

Aecon Energy announced earnings results for the first quarter ended March 31, 2015. Revenue in the first quarter of $250 million was $2 million higher than the same period in 2014. Higher revenue in industrial operations was largely offset by lower revenue in utilities from mainline pipeline work. Operating loss of $7.7 million in 2015 was $7.9 million below the same period last year. The majority of the decrease occurred in utilities operations.

Aecon Group Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Financial Guidance for the Year 2015

Aecon Group Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. Revenue of CAD 502 million for the three months ended March 31, 2015 was higher by CAD 40 million compared to CAD 461.9 million reported in the same period in 2014, due to stronger volume in the main operating segments of Infrastructure, Energy and Mining. Adjusted EBITDA was CAD 6.5 million against CAD 3.1 million reported last year. Operating loss in the first quarter of 2015 of CAD 18.2 million improved by CAD 5.0 million compared to CAD 23.2 million reported in the prior year. Loss before income taxes was CAD 25.7 million against CAD 36.0 million reported last year. Loss for the period was CAD 17 million or CAD 0.30 per diluted share against CAD 25.9 million or CAD 0.49 per diluted share reported last year. Adjusted loss was CAD 17.0 million or CAD 0.30 per diluted share against CAD 24.7 million or CAD 0.47 per diluted share reported last year. The company expects to maintain a positive outlook for the remainder of the year due to strong backlog and recurring revenue in terms of volume, mix of work, and margin profile in all operating segments. The company expects utilities to have a strong year. And it got good backlog in both power and oil works. So similar to the margin story, it does expect to see year-over-year improvement in revenue, but more second half than first half.

 

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Industry Analysis

ARE

Industry Average

Valuation ARE Industry Range
Price/Earnings 20.0x
Price/Sales 0.3x
Price/Book 1.2x
Price/Cash Flow 7.8x
TEV/Sales 0.1x
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