OverviewSuggest Edit

Aecon Group is a construction and infrastructure development company. It delivers integrated solutions to private and public-sector clients through its Construction segment in the civil, urban transportation, nuclear, utility, and conventional industrial sectors, and provides project development, financing, investment, and management services through its Concessions segment.

TypePublic
Founded1877
HQToronto, CA
Websiteaecon.com
Employee Ratings4.1

Latest Updates

Employees (est.) (Dec 2019)5,158
Revenue (FY, 2020)C$3.6 B(+6%)
Share Price (Jul 2021)C$20.3
Cybersecurity ratingCMore

Key People/Management at Aecon Group

Jean-Louis Servranckx

Jean-Louis Servranckx

President and Chief Executive Officer
David Smales

David Smales

Executive Vice President and Chief Financial Officer
Yonni Fushman

Yonni Fushman

Executive Vice President, Chief Legal Officer and Secretary
Steve Nackan

Steve Nackan

Executive Vice President President, Concessions
Mark Scherer

Mark Scherer

Executive Vice President Industrial & Chief Safety Officer
Gordana Terkalas

Gordana Terkalas

Senior Vice President Human Resources
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Aecon Group Office Locations

Aecon Group has offices in Toronto, Brampton, Brantford, Calgary and in 13 other locations
Toronto, CA (HQ)
20 Carlson Ct #105, Etobicoke
Brampton, CA
12 Canam Crescent
Brantford, CA
451 Elgin St
Calgary, CA
110 9 Ave SW #300
Calgary, CA
7335 Flint Rd SE
Calgary, CA
9700 Endeavor Dr SE
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Aecon Group Financials and Metrics

Aecon Group Revenue

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Aecon Group's revenue was reported to be C$3.64 b in FY, 2020 which is a 5.3% increase from the previous period.
CAD

Revenue (Q1, 2021)

754.0m

Gross profit (Q1, 2021)

57.3m

Gross profit margin (Q1, 2021), %

7.6%

Net income (Q1, 2021)

(18.4m)

EBIT (Q1, 2021)

(10.2m)

Market capitalization (28-Jul-2021)

1.2b

Closing stock price (28-Jul-2021)

20.3

Cash (31-Mar-2021)

582.8m

EV

1.4b
Aecon Group's current market capitalization is C$1.2 b.
Annual
CADFY, 2018FY, 2019FY, 2020

Revenue

3.3b3.5b3.6b

Revenue growth, %

6%5%

Cost of goods sold

2.9b3.1b3.2b

Gross profit

357.1m367.6m401.3m
Quarterly
CADQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

650.3m867.3m1.0b747.5m779.4m1.0b754.0m

Cost of goods sold

603.5m771.0m904.8m686.3m725.6m877.2m696.7m

Gross profit

46.8m96.3m120.6m61.2m53.8m162.2m57.3m

Gross profit Margin, %

7%11%12%8%7%16%8%
Annual
CADFY, 2018FY, 2019FY, 2020

Cash

631.0m682.3m658.3m

Accounts Receivable

442.8m398.9m434.3m

Prepaid Expenses

26.4m55.1m69.0m

Inventories

20.8m24.9m21.3m
Quarterly
CADQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

593.2m522.0m486.4m596.6m521.6m577.1m582.8m

Accounts Receivable

303.8m371.3m478.6m349.5m377.9m485.0m377.2m

Prepaid Expenses

33.4m34.4m41.4m61.4m71.5m67.4m62.8m

Inventories

20.4m22.2m25.1m23.6m24.6m21.7m22.0m
Annual
CADFY, 2018FY, 2019FY, 2020

Net Income

59.0m72.9m88.0m

Depreciation and Amortization

103.8m94.1m91.7m

Inventories

352.0k(4.0m)3.6m

Accounts Payable

83.7m71.0m121.3m
Quarterly
CADQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

(9.8m)10.5m52.7m(11.4m)(17.6m)56.0m(18.4m)

Depreciation and Amortization

18.5m42.4m69.2m22.8m42.2m64.5m22.8m

Inventories

329.0k(1.3m)(4.2m)1.3m269.0k3.3m(667.0k)

Accounts Payable

(65.8m)(312.0k)130.2m(32.9m)16.6m176.1m(71.9m)
CADFY, 2018

Debt/Equity

0.8 x

Debt/Assets

0.2 x

Financial Leverage

3.6 x
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Aecon Group Operating Metrics

Aecon Group's Backlog was reported to be C$5.9b in Q1, 2021.
FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021

Backlog

C$6.82 bC$6.75 bC$6.76 bC$6.6 bC$6.79 bC$6.95 bC$7.26 bC$6.66 bC$6.5 bC$5.91 b
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Aecon Group Acquisitions / Subsidiaries

Company NameDateDeal Size
GCCL ContractingMarch 01, 2010$4.4 m
Lockerbie & Hole Inc.February 02, 2009$220 m
South RockJanuary 15, 2009$44 m
Leo Alarie and SonsNovember 05, 2007
The Karson GroupFebruary 01, 2007
Aecon Construction and Materials Limited
Aecon Construction Group Inc.
Aecon Infrastructure Management Inc.
Annacis Wastewater Treatment Plant
Bermuda Skyport Corporation Limited
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Aecon Group Revenue Breakdown

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Aecon Group revenue breakdown by business segment: 97.3% from Construction and 2.7% from Other

Aecon Group revenue breakdown by geographic segment: 95.7% from Canada and 4.3% from Other

Human Capital Metrics

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Aecon Group Cybersecurity Score

Cybersecurity ratingPremium dataset

C

78/100

SecurityScorecard logo

Aecon Group Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Aecon Group Online and Social Media Presence

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Aecon Group News and Updates

Aecon Recognized as One of the Best Employers in Canada for 2020

Aecon is proud to announce it has been named one of the Best Employers in Canada for 2020, underscoring its reputation as a First-Choice Employer nationwide

Aecon schedules fourth quarter and year-end 2020 financial results release and conference call

Aecon Group Inc. (TSX: ARE) announced today that it intends to release its fourth quarter and year-end 2020 financial results on Thursday, February 25, 2021 after market close, and has scheduled a conference call and live webcast for 10 a.m. (Eastern Time) on Friday, February 26, 2021.

Aecon consortium shortlisted for Edmonton Organics Processing Facility project in Alberta

Aecon ACCIONA Partners is one of the teams that has been shortlisted by the City of Edmonton to advance to the Request for Proposals (RFP) stage for the design, build, finance, operation and maintenance of the Edmonton Organics Processing Facility project in Alberta.

Aecon Celebrates Opening of Bermuda’s New World-Class Passenger Terminal Building at the LF Wade International Airport

Aecon is pleased to celebrate the opening of Bermuda’s new, state-of-the-art passenger terminal building at the LF Wade International Airport. A ribbon cutting marked the official opening before passengers entered the new terminal to check in for the first departing flight to New York’s John F. Kenn…

Aecon supports Pathways to Education Canada to benefit youth in low-income communities

Aecon is pleased to announce a contribution in support of Pathways to Education Canada – an organization committed to supporting youth in low-income communities to graduate from high school and successfully transition to post-secondary education, training and meaningful employment.

Aecon joint venture reaches financial close on the Kicking Horse Canyon Project – Phase 4 in British Columbia

Aecon Group Inc. (TSX: ARE) announced today that a joint venture in which it is the lead partner, Kicking Horse Canyon Constructors, has reached financial close on the Kicking Horse Canyon Project – Phase 4 in British Columbia. The total contract is valued at $440.6 million.
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Aecon Group Frequently Asked Questions

  • When was Aecon Group founded?

    Aecon Group was founded in 1877.

  • Who are Aecon Group key executives?

    Aecon Group's key executives are Jean-Louis Servranckx, David Smales and Yonni Fushman.

  • How many employees does Aecon Group have?

    Aecon Group has 5,158 employees.

  • What is Aecon Group revenue?

    Latest Aecon Group annual revenue is C$3.6 b.

  • What is Aecon Group revenue per employee?

    Latest Aecon Group revenue per employee is C$706.4 k.

  • Who are Aecon Group competitors?

    Competitors of Aecon Group include Graham, Dragados and EllisDon.

  • Where is Aecon Group headquarters?

    Aecon Group headquarters is located at 20 Carlson Ct #105, Etobicoke, Toronto.

  • Where are Aecon Group offices?

    Aecon Group has offices in Toronto, Brampton, Brantford, Calgary and in 13 other locations.

  • How many offices does Aecon Group have?

    Aecon Group has 19 offices.