EarningsQ2 2026 Earnings Report
DE:8A6 Q2 2026 EPS Results
Actual EPS€0.63
Consensus EPS€0.62
Beat/MissBeat by +€0.01
One Year Ago EPS€0.56
DE:8A6 Q2 2026 Revenue Results
Actual Revenue€822.11M
Expected Revenue€796.30M
Beat/MissBeat by +€25.81M
YoY Revenue Growth+13.90%
Earnings Announcement Details
QuarterQ2 2026
Date07/29/2026
TimeBefore Open
Conference CallWednesday, July 29, 2026
DE:8A6 Upcoming Earnings
ATCO Ltd Cl I NV's next earnings date is estimated for October 22, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple clear operational and financial positives: double‑digit adjusted earnings growth company‑wide (13% YoY), strong Structures performance with 16 consecutive quarters of YoY growth, higher rental rates (10% YoY), improved cash flow (≈70% YoY increase), expanding backlog and converted LNTPs, and strengthened manufacturing and fleet capacity. Headwinds are primarily timing and execution risks tied to large, multi‑year government defense and northern projects (early stages with some RFP delays), elevated U.S. M&A valuations, and a few clarity items on backlog composition. On balance the call conveyed constructive momentum and demonstrable near‑term wins with manageable medium‑term execution/timing risks.Company Guidance
Company-wide Adjusted Earnings Growth
ATCO reported adjusted earnings of $114 million ($1.01 per share) in Q2 FY2026, up 13% year‑over‑year, driven by strength in Structures and utilities.
ATCO Structures Continued Momentum
ATCO Structures delivered approximately $36 million of adjusted earnings in Q2, marking the 16th consecutive quarter of year‑over‑year earnings growth; adjusted EBITDA for Structures was $82 million, up 17% year‑over‑year.
Higher Rental Rates and Fleet Performance
Global space rental average monthly rate was $896, a 10% increase year‑over‑year, supported by improved fleet utilization (notably in Phoenix, San Antonio, Louisiana and Seattle) and strong demand across the U.S., Canada and Australia.
Contract Wins and Backlog Expansion
Secured notable contracts in Q2: Canada $89 million (365 modular units), U.S. $23 million (250 units), Australia $57 million (160 units); quarter also produced $80 million of new notices of award / LNTPs expected to commence in 2026, and previously highlighted LNTPs have converted to awarded projects.
Strong Cash Flow Improvement
Standalone ATCO businesses (excluding Canadian Utilities) reported operating cash flow of $122 million in Q2, up almost 70% year‑over‑year, driven by higher fleet sales and improved receivables timing.
Execution on Strategic Projects (Stibnite & Grays Bay)
Completed manufacturing for Phase 1 of the Stibnite Gold Project with first handover milestone expected late Q4 2026; invested $10 million in West Kitikmeot Resources for the Grays Bay Road & Port project, which was referred to Canada’s Major Projects Office and selected under the Building Canada Act.
Expanded Manufacturing & Fleet Capacity
Global manufacturing footprint increased (13 facilities globally; Canada from 1 to 5 facilities historically) and fleet size grew from ~13,000 units (2007) to ~27,000 units, supporting the ability to scale and pursue larger simultaneous projects.
Utilities Performance and Rate Supports
Utilities delivered adjusted earnings of $74 million in the quarter (up $11 million year‑over‑year); inflation indexing on rate base and increased rates at ATCO Gas Australia supported utility earnings.
DE:8A6 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed