ATCO is reporting second-quarter growth in 2025.
The company reported adjusted earnings for the second quarter of $101 million, which is $5 million higher than the same quarter last year.
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“Overall, we had a strong first half of the year, driven by growth across our portfolio of investments,” said Katie Patrick, executive vice president, chief financial and investment officer, ATCO.
“As we look to the second half of 2025, we will continue to focus on executing the strategy we set out for ourselves while capitalizing on opportunities when available as we drive continued share owner value.”
ATCO structures continued its growing market presence, including the addition of a new manufacturing facility in Australia.
“ATCO Structures delivered another strong quarter with adjusted earnings of $32 million, representing the 12th straight quarter in a row of delivering year-over-year adjusted earnings growth,” said Adam Beattie, president, ATCO structures.
They were also awarded three contracts to provide rental space, workforce housing and permanent modular construction solutions supporting mining operations in Western Canada, air transportation in Central Canada and a women’s transitional centre in Northern Canada. The awards total $21 million and include sale and lease contracts.
Looking forward, ATCO Structures is looking at securing new opportunities across key product lines.
“Our long-term growth strategy is focused on housing expansion, base business growth via our rental fleet growth, new branch locations and advanced manufacturing, which focuses on incorporating process technology advancement and new product lines in our operating geographies,” said Beattie.
ATCO Energy Systems also continues its work on utility infrastructure opportunities, including two previously announced projects, the Yellowhead Pipeline Project and the Central East Transfer-Out Project.
ATCO EnPower saw $169 million in revenue across the first six months of the year, an increase of $9 million compared to the same time period last year.
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