Skip to main content

Aecon Group Inc. ARE-T says it earned $9.7 million in the fourth quarter of 2023, down from $19.7 million a year earlier.

The Toronto-based company says revenue for the quarter ended Dec. 31 totalled $1.13 billion, down from $1.27 billion a year earlier.

Earnings per diluted share were 15 cents, down from 26 cents during the fourth quarter of 2022.

However, earnings for its full financial year rose to $161.9 million, compared with $30.4 million in 2022.

Aecon president and CEO Jean-Louis Servranckx says 2023 was a transformational year for the company.

He says the company is focused on embracing new growth opportunities in the decarbonization and energy transition space, as well as U.S. and international markets.

Report an editorial error

Report a technical issue

Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 09/10/24 9:30am EDT.

SymbolName% changeLast
ARE-T
Aecon Group Inc
-0.73%21.67

Follow related authors and topics

Authors and topics you follow will be added to your personal news feed in Following.

Interact with The Globe