Earnings fell at AtkinsRéalis Group, Montreal, Canada in the 3rd quarter, which the engineering services and nuclear company attributed to “exceptional performance” numbers over the past year.
AtkinsRéalis reported its financial performance in a Thursday press release, days after a joint venture it leads was selected by the U.S. Department of Energy for operations and depleted uranium hexafluoride (DUF6) work in Kentucky and Ohio.
Net earnings for the third quarter ended Sept. 30 were C$103.7 million (US $73.80) or C$ 0.59 a share (US $0.42) down from C$105 million (US $74.73) or C$0.60 per a share (US $0.43) in the year-ago quarter.
Quarterly revenue was C$ $2.3 billion (US $1.6 billion) up year-over-year from C$2.0 billion (US $1.4 billion).
Quarterly earnings before interest and taxes for the nuclear segment, which includes the company’s Department of Energy weapons complex work in the United States, was C $45.7 million (US $32.5 million) up from C $38.7 million (US $27.5) a year ago. Segment revenue was C$ 369 million (US $263 million) up from C $271 million (US $193 million) in the year ago quarter.
“The demand for our nuclear expertise continued to grow this quarter, leading to key wins and growing backlog to record levels,” AtkinsRéalis President and CEO Ian Edwards, said in the press release.
