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Aecon Group Inc (ARE.TO)

ARE.TO on Toronto Stock Exchange

15.24CAD
9 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Aecon reports Q2 results including record backlog of $4.9 billion
Wednesday, 3 Aug 2016 04:00pm EDT 

Aecon Group Inc : Aecon reports second quarter 2016 results including record backlog of $4.9 billion . Qtrly adjusted earnings per share $0.12 . Qtrly revenue $839.3 million versus $667.3 million . Backlog as at June 30, 2016 of $4.9 billion, 89 per cent higher than backlog of $2.6 billion as at June 30, 2015 . New contract awards of $1.1 billion were booked in q2 of 2016, compared to $469 million in Q2 of 2015 .Says new contract awards of $1.1 billion were booked in Q2 of 2016, compared to $469 million in Q2 of 2015.  Full Article

Aecon Group Inc JV awarded $146 million power contract
Wednesday, 9 Sep 2015 07:00am EDT 

Aecon Group Inc:Says Aecon joint venture has been awarded a $146 million power contract in Ontario.Says the scope of the project involves engineering, procurement, construction and commissioning work.Says work has begun and is expected to be complete in H2 2017.  Full Article

Aecon Group Inc to sell interest in Quito International Airport concession
Monday, 8 Jun 2015 05:14pm EDT 

Aecon Group Inc:Says agreements with Grupo Odinsa SA And CCR SA to sell 45.5 pct interest in quito international airport concessionaire for $232.6 mln.  Full Article

Aecon Group Inc awarded $109 million contract by North West Redwater Partnership
Friday, 1 May 2015 07:00am EDT 

Aecon Group Inc:Announced that it has been awarded a $109 million contract by North West Redwater Partnership (NWR) for additional work related to their Sturgeon Refinery Project in Alberta.Under the contract, Aecon's Energy segment will perform site erection work at the NWR Sturgeon Refinery including structural preassembly of modules, modular to modular interconnects, as well as installation of mechanical equipment and instrumentation.Work is expected to start in the second quarter of 2015 and expected to be complete in the third quarter of 2016.  Full Article

Aecon Group Inc awarded $110 mln in mining contracts
Friday, 17 Apr 2015 07:00am EDT 

Aecon Group Inc:Has been awarded two contracts valued at about $110 mln for work in Aecon's Mining segment.Has been awarded contract by K+S Potash Canada for additional work on their Legacy mining project in Saskatchewan.Scope of work awarded includes installation of process mechanical equipment, piping, electrical and instrumentation systems for the storage load-out building.Work will begin in Q2 of 2015 and is expected to be complete in the second quarter of 2016.This new contract is in addition to work previously awarded to Aecon by K+S Potash Canada for mechanical, piping, electrical and instrumentation systems for the North Tank Farm and for Evaporator, Crystallization and Clarifier Plant portion of the Legacy project.Under terms of second contract, Aecon will perform general site services at Vale Newfoundland & Labrador Limited's Long Harbour processing plant.Work commenced in Q1 of 2015 and is expected to be complete in Q1 of 2016.  Full Article

Aecon Group Inc secures contract
Tuesday, 14 Apr 2015 07:00am EDT 

Aecon Group Inc:Has been awarded contracts by five key clients for work in Aecon's Energy segment in Ontario.Says value of work is about $93 mln in hard backlog and about $85 mln in annual recurring revenue.Under first agreement, Enbridge Gas Distribution awarded Aecon significant pipeline facilities project for work at 11 Enbridge sites, valued at about $40 mln.Work has begun and is expected to be complete in Q3 of 2015.Under terms of second contract, valued at $53 mln, Aecon's scope of work includes construction of new compressor station at Union Gas' Lobo Facility located northwest of London, Ontario.Work is expected to start in Q2 of 2015 and is scheduled to be complete by Q4 of 2016.  Full Article

Aecon Group Inc announces sale of Innovative Steam Technologies
Monday, 13 Apr 2015 07:00am EDT 

Aecon Group Inc:Completes sale of it's wholly-owned subsidiary Innovative Steam Technologies (IST) to Fulcrum Capital Partners.Says gross cash proceeds of sale will be about $35 mln.  Full Article

Aecon Group Inc increases dividend
Wednesday, 4 Mar 2015 05:43pm EST 

Aecon Group Inc:Says that annual dividend will be paid to all shareholders of Aecon Common shares and will increase to $0.40 per share (from $0.36 per share) to be paid in four quarterly payments of $0.10 per share (from $0.09 per share).First increased quarterly payment will be paid on April 1, to shareholders of record on March 20.  Full Article

BRIEF-Aecon awarded two recurring revenue contracts in western Canada

* Aecon awarded two recurring revenue contracts in western Canada Source text for Eikon: Further company coverage: