Atco Ltd. ( (ACLTF) ) has released its Q1 earnings. Here is a breakdown of the information Atco Ltd. presented to its investors.
ATCO Ltd., a diversified global enterprise based in Calgary, Alberta, operates across various sectors including energy, housing, security, and transportation, with a focus on providing essential services and infrastructure solutions worldwide.
In its first quarter of 2025, ATCO Ltd. reported adjusted earnings of $160 million, marking an increase from the previous year’s $148 million. The company also highlighted several strategic developments across its various business units, indicating robust growth and diversification.
Key financial metrics showed a rise in adjusted earnings per share to $1.43 from $1.32 in 2024. ATCO Structures secured multiple contracts in Canada and the US, totaling $58 million, and executed a significant project in Australia. Canadian Utilities invested $401 million in capital expenditures, primarily in regulated utilities, while ATCO EnPower reported a revenue increase, reflecting strong market conditions for natural gas storage.
ATCO’s management remains optimistic about future prospects, with ongoing projects such as the Yellowhead Pipeline and CETO in Alberta expected to enhance the company’s infrastructure capabilities and support renewable energy integration. The company continues to focus on strategic investments and partnerships to drive long-term growth.