Aecon reports third quarter 2026 results
Key Highlights
- ➤Q3 revenue $1,920.6 million, up 26% year over year
- ➤Adjusted EBITDA $130.2 million, up 40% year over year
- ➤Backlog reached record $14,559 million, up from $10,777 million
- ➤Record quarterly operating cash flow reached $417 million
- ➤Pickering refurbishment award added $1.75 billion, Aecon’s largest nuclear award
Expert Statements
Jean-Louis Servranckx, President and Chief Executive Officer, Aecon Group Inc.
“Third quarter performance demonstrated the results of Aecon’s powerful and consistent operating model with revenue increasing 26% and Adjusted EBITDA increasing 40% compared to the same period last year. Backlog reached a record $14.6 billion – with risk being thoughtfully allocated with over 80% of backlog tied to collaborative or non-fixed price contract models”
TORONTO, Oct. 29, 2026 (GLOBE NEWSWIRE) -- Aecon Group Inc. (TSX: ARE) (“Aecon” or the “Company”) today reported results for the third quarter of 2026, including the highest reported backlog in the history of Aecon.
“Third quarter performance demonstrated the results of Aecon’s powerful and consistent operating model with revenue increasing 26% and Adjusted EBITDA increasing 40% compared to the same period last year. Backlog reached a record $14.6 billion – with risk being thoughtfully allocated with over 80% of backlog tied to collaborative or non-fixed price contract models,” said Jean-Louis Servranckx, President and Chief Executive Officer, Aecon Group Inc. “Aecon’s growth is broad-based and founded on expanding recurring revenue programs, advancing pre-award work on key long-term projects, a strong Concessions portfolio, and direct line of sight into significant opportunities that are aligned to Aecon’s strategic end markets. We remain focused on disciplined execution, prudent risk management and delivering profitable growth for our shareholders.”
Get started
Create a free account to read the full story.