Aecon reports record high work backlog of $6.4 billion at end of Q2 | iNFOnews | Thompson-Okanagan's News Source

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Aecon reports record high work backlog of $6.4 billion at end of Q2

The corporate logo of Aecon Group Inc. is shown in this undated handout photo. THE CANADIAN PRESS/HO
July 26, 2018 - 3:05 PM

TORONTO - Aecon Group Inc. says it's recorded a record high work backlog of $6.4 billion at the end of its second quarter.

The engineering firm says the backlog is $2 billion higher than at the end of the same quarter the previous year.

Aecon says it booked $2.6 billion in new contracts during the quarter ended June 30, compared to $687 million for the second quarter of 2017.

It reported a $12.8 million operating profit or diluted earnings per share of 13 cents, up from $5.3 million or a penny per share during the previous year's quarter.

Interim CEO John M. Beck says in a statement that the results show the alignment of the company's strengths with unprecedented market opportunity in the country.

Aecon recently announced it appointed Jean-Louis Servranckx as its president and CEO effective Sept. 4.

Companies in this story: (TSX:ARE)

News from © The Canadian Press, 2018
The Canadian Press

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