Revenue gains for Aecon

Canadian contractor Aecon has reported revenue gains and positive margin trends for its full year and fourth quarter 2012 results.

Gross profit for the year ended December 31, 2012, increased by CA$ 41 million (US$ 40 million) to CA$ 315 million (US$ 308 million) on revenues of CA$ 3 billion (US$ 3 billion) compared to CA$ 274 million (US$ 268 million) on revenues of CA$ 3 billion (US$ 3 billion) in 2011.

The company also posted a backlog of CA$ 2.4 billion (US$ 2.4 billion) at year-end 2012 versus CA$ 2.4 billion (US$ 2.3 billion) in 2011.

Aecon’s Infrastructure segment, which includes all civil construction projects, saw stable revenues year-on-year in 2012 at CA$ 1.9 billion (US$ 1.84 billion).

The company's Industrial segment, which includes manufacturing and construction, saw revenues increase to CA$ 1 billion (US$ 988 million), up from CA$ 918 million (US$ 898 million) in 2011.

Chairman and CEO John Beck said, "The steady progress that we are making particularly reflects improved volume and margins in our mining operations as well as increased contributions from our Industrial business. We enter 2013 with confidence in our three strategic core markets: infrastructure, energy and mining.”