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Aecon Group Inc (ARE.TO)

ARE.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Aecon Reports Strong Second Quarter 2019 Results
Friday, 26 Jul 2019 

July 25 (Reuters) - Aecon Group Inc ::AECON REPORTS STRONG SECOND QUARTER 2019 RESULTS.Q2 REVENUE ROSE 15 PERCENT TO C$867 MILLION.REPORTED BACKLOG AS AT JUNE 30, 2019 OF $6,755 MILLION COMPARES TO BACKLOG OF $6,443 MILLION A YEAR EARLIER.QTRLY EARNINGS PER SHARE $0.31.  Full Article

Aecon QTRLY Loss Per Share $0.16
Friday, 26 Apr 2019 

April 25 (Reuters) - Aecon Group Inc ::AECON REPORTS STRONG FIRST QUARTER 2019 RESULTS.Q1 REVENUE ROSE 20 PERCENT TO $650 MILLION.REPORTED BACKLOG AS AT MARCH 31, 2019 OF $6,749 MILLION COMPARES TO BACKLOG OF $4,614 MILLION A YEAR EARLIER."OVERALL OUTLOOK FOR 2019 REMAINS SOLID".QTRLY LOSS PER SHARE $0.16.REPORTED BACKLOG AS AT MARCH 31, 2019 OF $6,749 MILLION VERSUS BACKLOG OF $4,614 MILLION A YEAR EARLIER.Q1 EARNINGS PER SHARE VIEW C$-0.34, REVENUE VIEW C$505.9 MILLION -- REFINITIV IBES DATA.  Full Article

Aecon Announces $160 Million Public Offering Of Convertible Debentures
Friday, 7 Sep 2018 

Aecon Group Inc ::AECON ANNOUNCES $160 MILLION PUBLIC OFFERING OF CONVERTIBLE DEBENTURES.AECON GROUP INC - DEBENTURES WILL MATURE ON DECEMBER 31, 2023.AECON GROUP - UNDERWRITERS WILL PURCHASE $160 MILLION OF CONVERTIBLE UNSECURED SUBORDINATED DEBENTURES AT $1,000 PER DEBENTURE.AECON GROUP -TO USE NET PROCEEDS OF OFFERING TO FUND REDEMPTION OF CO'S 5.5% CONVERTIBLE UNSECURED SUBORDINATED DEBENTURES DUE DEC 31.  Full Article

Aecon Appoints Jean-Louis Servranckx As Chief Executive Officer
Tuesday, 24 Jul 2018 

July 23 (Reuters) - Aecon Group Inc ::AECON APPOINTS GLOBAL CONSTRUCTION LEADER JEAN-LOUIS SERVRANCKX AS PRESIDENT AND CHIEF EXECUTIVE OFFICER.AECON GROUP - UPON SERVRANCKX' ASSUMPTION OF CEO ROLE, JOHN M. BECK WILL ASSUME HIS PREVIOUS ROLE AS EXECUTIVE CHAIR OF BOARD.AECON GROUP INC - ITS BOARD APPOINTED JEAN-LOUIS SERVRANCKX AS COMPANY'S PRESIDENT AND CHIEF EXECUTIVE OFFICER, EFFECTIVE SEPTEMBER 4, 2018.AECON GROUP INC - BRIAN V. TOBIN WILL RESUME LEAD DIRECTOR ROLE.  Full Article

Aecon Group Announces Extension of the Arrangement Agreement Outside Date
Wednesday, 28 Mar 2018 

March 28 (Reuters) - Aecon Group Inc ::AECON GROUP - EXTENDING OUTSIDE DATE FOR COMPLETING PLAN OF ARRANGEMENT WITH CCCC INTERNATIONAL HOLDING LIMITED TO JULY 13, 2018.AECON GROUP - PARTIES CHOSE TO EXTEND OUTSIDE DATE BECAUSE OF ONGOING REVIEW OF PROPOSED DEAL UNDER INVESTMENT CANADA ACT.  Full Article

Aecon Partnership Finalizes Contract For Site C Generating Station And Spillways Civil Works
Friday, 16 Mar 2018 

March 16 (Reuters) - Aecon Group Inc ::AECON PARTNERSHIP FINALIZES CONTRACT FOR SITE C GENERATING STATION AND SPILLWAYS CIVIL WORKS.AECON GROUP INC - CONTRACT VALUED AT $1.6 BILLION.AECON GROUP INC - CO IS MANAGING PARTNER OF CONSORTIUM AND HOLDS A 30 PER CENT SHARE OF PARTNERSHIP​.AECON GROUP - CONSTRUCTION IS EXPECTED TO BEGIN IN SPRING OF 2018, WITH WORK EXPECTED TO BE COMPLETED IN EARLY 2023.  Full Article

Aecon Group Qtrly Earnings Per Share $0.33
Wednesday, 7 Mar 2018 

March 6 (Reuters) - Aecon Group Inc ::AECON REPORTS 2017 RESULTS AND ANNOUNCES ANNUAL DIVIDEND.AECON GROUP INC - ‍BACKLOG AS AT DEC 31, 2017 OF $4,247 MILLION COMPARED TO BACKLOG OF $4,204 MILLION AS AT DECEMBER 31, 2016​.AECON GROUP INC - QTRLY ‍​EARNINGS PER SHARE $0.33.AECON GROUP INC - QTRLY ‍​REVENUE $685.0 MILLION VERSUS $845.1 MILLION.  Full Article

Aecon Issues Statement About Proposed Transaction With CCCC International Holding Limited
Friday, 9 Feb 2018 

Feb 9 (Reuters) - Aecon Group Inc ::AECON ISSUES STATEMENT ABOUT PROPOSED TRANSACTION WITH CCCC INTERNATIONAL HOLDING LIMITED.AECON - DOES NOT OWN ANY INTELLECTUAL PROPERTY RELATED TO NUCLEAR ENERGY; NOR DOES IT POSSESS OTHER "SENSITIVE PROPRIETARY TECHNOLOGY".AECON GROUP SAYS "FOLLOWING CLOSE OF PROPOSED TRANSACTION WITH CCCI, AECON WILL CONTINUE TO BE LED BY ITS CANADIAN MANAGEMENT TEAM".AECON - CCCI DOES NOT RECEIVE GOVERNMENT SUBSIDIES FOR ITS INTERNATIONAL ACTIVITIES.AECON - PROPOSED TRANSACTION WITH CCCI DOES NOT RESULT IN A CANADIAN (OR ANY) CROWN CORPORATION BIDDING AGAINST A PRIVATE CO​.  Full Article

Aecon Receives Court Approval Of Plan Of Arrangement With CCCI International
Friday, 22 Dec 2017 

Dec 22 (Reuters) - Aecon Group Inc ::COURT APPROVES AECON PLAN OF ARRANGEMENT.AECON GROUP INC - ‍ONTARIO SUPERIOR COURT OF JUSTICE ISSUED FINAL ORDER APPROVING PLAN OF ARRANGEMENT WHERE CCCC INTERNATIONAL WILL BUY CO.AECON GROUP INC - ARRANGEMENT WITH CCCC INTERNATIONAL EXPECTED TO CLOSE BY END OF Q1 OF 2018.  Full Article

Aecon Group Shareholders Approve Plan Of Arrangement with CCCC International
Wednesday, 20 Dec 2017 

Dec 19 (Reuters) - Aecon Group Inc ::AECON SHAREHOLDERS APPROVE PLAN OF ARRANGEMENT.AECON GROUP - SHAREHOLDERS VOTED TO APPROVE PREVIOUSLY ANNOUNCED DEAL AS PER WHICH CCCC INTERNATIONAL WILL ACQUIRE ALL COMMON SHARES OF CO.AECON GROUP INC - APPROXIMATELY 99.40 PER CENT OF VOTES CAST BY AECON SHAREHOLDERS WERE IN FAVOUR OF PLAN OF ARRANGEMENT WITH CCCI.AECON GROUP INC - ARRANGEMENT IS EXPECTED TO CLOSE BY END OF Q1 OF 2018.  Full Article