Last C$16.44 CAD
Change Today +0.11 / 0.67%
Volume 228.0K
ARE On Other Exchanges
As of 4:00 PM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

aecon group inc (ARE) Snapshot

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05/2/14 - C$18.75
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08/27/13 - C$12.38
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aecon group inc (ARE) Details

Aecon Group Inc. provides construction and infrastructure development services to private and public sectors in Canada and internationally. Its Infrastructure segment constructs roads and bridges, and rail and transit systems; and is involved in municipal construction, material engineering and design, asphalt production and aggregates, and commercial site design. This segment also constructs hydroelectric, tunnels, foundations, airports, marine, and civil transportation infrastructure projects; and transit stations, industrial site buildings, tenant improvements, interior fit-up programs, mechanical systems, rooftop energy systems, and water treatment facilities. Its Energy segment constructs steam assisted gravity drainage, turn-key well pad and field facilities, and liquefied natural gas plants; nuclear, thermal and hydro, natural gas, and renewable power plants; and oil and gas pipeline, telecom infrastructure, power distribution networks, water and sewer, locate services, district energy, utility design, and high voltage transmission projects. This segment is also involved in pipe fabrication, custom steel, and modularization services, as well as markets and sells heat recovery steam generators and enhanced oil recovery boilers. Its Mining segment is engaged in the mine site development, including overburden removal and piling services; environmental reclamation services; ore storage and management; heavy mechanical works; process installations; and fabrication services for mine site installations. The company’s Concessions segment develops, finances, constructs, and operates infrastructure projects by way of build-operate-transfer, build-own-operate-transfer, other public private partnership contract structures, and private finance solutions. The company was formerly known as Prefac Concrete Co. Ltd. and changed its name to Aecon Group Inc. in June 2001. Aecon Group Inc. was founded in 1877 and is headquartered in Toronto, Canada.

12,000 Employees
Last Reported Date: 03/11/14
Founded in 1877

aecon group inc (ARE) Top Compensated Officers

Chief Executive Officer, President, Chief Ope...
Total Annual Compensation: C$572.0K
Executive Chairman
Total Annual Compensation: C$714.4K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: C$450.0K
President of Aecon Concessions
Total Annual Compensation: C$309.0K
Executive Vice President of Legal & Commercia...
Total Annual Compensation: C$315.2K
Compensation as of Fiscal Year 2013.

aecon group inc (ARE) Key Developments

Aecon Group Inc. Announces Opening of Neskantaga Training Centre in Neskantaga Territory, Ontario

Aecon Group Inc. announced the grand opening of the Neskantaga Training Centre in Neskantaga Territory, Ontario, showcasing the new innovative facility and collaboration technology which delivers training directly to the remote community. The Neskantaga Training Centre is a multi-purpose facility with construction components designed to be flown into remote communities and assembled on-site. The centre is outfitted with technology, including Cisco TelePresence, high-definition two-way video communication and collaboration technology, a 70-inch Smart Board, a 70-inch LED HDTV, high-speed satellite broadband connectivity, as well as individual laptops. The centre directly connects to e-learning tools and programs to offer a wide variety of curriculum including access to secondary and post-secondary institutions, safety training courses, trades and technical certifications. Aecon, in collaboration with the Matawa First Nations' Kiikenomaga Kikenjigewen Employment and Training Services (KKETS), led the Neskantaga Training Centre project team comprised of ATCO Structures & Logistics, Bell Canada, Cisco Canada, Galaxy Satellite, Operating Engineers Training Institute of Ontario and Confederation College. Funded by the Province of Ontario, the Neskantaga Training Centre is owned and operated by the Matawa First Nations.

Aecon Group Inc. Announces Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Aecon Group Inc. announced consolidated unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenues of CAD 589,566,000 against CAD 697,641,000 a year ago, largely due to lower revenue in Mining (as a result of lower volume of site installation work following the substantial completion of a significant project in 2013, and lower demand for contract mining services largely driven by temporary client production shutdowns in the oil sands during the second quarter). Operating loss was CAD 7,781,000 against operating income of CAD 16,177,000 a year ago. This decrease occurred substantially in the Mining segment, primarily from lower revenue and margins in mining construction services, following the completion of certain large projects during the past twelve months and lower margin in contract mining. Although Mining secured a number of new contract awards during the second quarter, the impact of these new projects will not be realized until the second half of the year. Loss before income taxes was CAD 16,837,000 against income before taxes of CAD 9,392,000 a year ago. Loss for the period was CAD 12,215,000 against income of CAD 7,887,000 a year ago. Diluted loss per share was CAD 0.23 against diluted income per share of CAD 0.13 a year ago. Adjusted EBITDA for the second quarter of 2014 was CAD 13.8 million compared to CAD 36.7 million for the second quarter of 2013 driven by the slower quarter in the Mining segment. Adjusted loss was CAD 13.9 million against adjusted profit of CAD 6.0 million a year ago. Adjusted loss per diluted share was CAD 0.26 against adjusted earnings per diluted share of CAD 0.11 a year ago. For the six months, the company reported revenues of CAD 1,051,439,000 against CAD 1,265,080,000 a year ago. Operating loss was CAD 30,974,000 against CAD 14,924,000 a year ago. Loss before income taxes was CAD 52,878,000 against CAD 32,610,000 a year ago. Loss for the period was CAD 38,116,000 against CAD 22,025,000 a year ago. Diluted loss per share was CAD 0.72 against CAD 0.42 a year ago. Adjusted EBITDA was CAD 16.9 million compared to CAD 25.4 million in the prior year. Adjusted loss was CAD 38.5 million against CAD 22.3 a year ago. Adjusted loss per diluted share was CAD 0.72 against CAD 0.42 a year ago.

Aecon Group Inc. to Report Q2, 2014 Results on Aug 11, 2014

Aecon Group Inc. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Aug 11, 2014


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