Aecon Group Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company announced revenue of CAD 567,439,000 rose by CAD 81 million, or 17%, compared to CAD 486,425,000 for the same period a year ago, driven by increases in the utilities sector in the Energy segment and strong growth in volume in the Mining segment. Operating loss was CAD 31,101,000 compared to CAD 17,303,000 for the same period a year ago, a profit increase in the Mining segment was more than offset by higher operating losses in the Infrastructure and Energy segments due to a one-time project provision. Operating losses are typical of first quarter results due to the seasonal nature of the Canadian construction business; excluding the provision, operating profit improved by CAD 5.6 million over the same quarter of 2012, and significant progress was made year over year from both a revenue and margin perspective. Loss before income taxes was CAD 42,002,000 compared to CAD 28,203,000 for the same period a year ago. Loss for the period was CAD 29,912,000 compared to CAD 19,589,000 in the same period last year. Diluted and basic loss per share were CAD 0.56 compared to CAD 0.37 for the same period a year ago. EBITDA was CAD 8.7 million compared to CAD 4.8 million for the same period a year ago. Adjusted loss was CAD 28.3 million or CAD 0.53 per diluted share compared to CAD 17.6 million or CAD 0.33 per diluted share for the same period a year ago.

Aecon Group Inc. announces for analysts to update them and the investment community of the company's recently simplified organizational structure, management appointments, reporting segments for 2013, and adoption of IFRS 11 concerning accounting of joint arrangements. As part of its simplified and refined organizational structure, the company has made the following management appointments: Mark Rivett, previously Aecon's Senior Vice President of Transportation has become Executive Vice President of Aecon's Infrastructure segment. As one of Canada's leading construction executives, Mr. Rivett is responsible for all of Aecon's transportation-related services, as well as the Heavy Civil and Social Infrastructure businesses. Phil Ward, previously head of the Lockerbie & Hole Eastern division, is now Executive Vice President of Aecon Mining. A highly regarded and experienced veteran in the construction industry, Mr. Ward will lead the segment which consolidates the company's contract mining services alongside its mining installations capabilities spanning the scope of a project's life cycle from resource extraction, to processing and reclamation. In addition, the company appointed Vincent Borg as Senior Vice President, Corporate Affairs, and Roger Howarth as Senior Vice President, Project Controls. The company recently named Paula Palma as Chief Information Officer.

Aecon Group Inc. announced that they will report Q1, 2013 results at 5:00 PM, Eastern Standard Time on May 07, 2013