Capital Markets Overview & Strategic Monetization Transactions
Construction Q3 2023 Results
Revenue down by $83M, or 6%, quarter-over-quarter
Q3 2023*
Revenue ($M)
Q3 2023 TTM*
Revenue ($M)
$4,692
$4,448
-6%
+5%
$1,299
$1,215
$106M in civil operations driven primarily by a lower volume of roadbuilding construction work in
eastern Canada of $127 million as a result of the sale of ATE in the second quarter of 2023, and
partially offset by an increase in major projects work in western Canada.
$11M in nuclear operations from a lower volume of refurbishment work at nuclear generating stations
located in Ontario.
$2M in utilities operations.
$30M in industrial operations driven primarily by increased activity on mainline pipeline work which
offset a lower volume of field construction work primarily at chemical facilities in eastern Canada.
Q3 2022
Q3 2023
Q3 2022 TTM
Q3 2023 TTM
$6M in urban transportation solutions primarily from an increase in rail expansion and electrification
work in Ontario.
New Awards ($M)
New Awards ($M)
$4,663
$4,612
$966
-42%
-1%
New awards lower by $403M, or 42%, quarter-over-quarter
$563
ACCON
Totals and variances may not add due to rounding and eliminations.
Q3 2022
Q3 2023
Q3 2022 TTM
Q3 2023 TTM
23View entire presentation