AtkinsRéalis posted a third-quarter profit on Friday that was more than twice as large as that of the same period last year, in addition to revising upwards its growth outlook for its revenues.
The company formerly known as SNC-Lavalin Group reported net income from continuing operations of 105 million, or 60 cents per share, for the quarter ended September 30, compared with a profit of 44.7 million , or 25 cents per share, for the third quarter of last year.
Quarterly revenues totaled 2.20 billion, after reaching 1.89 billion a year earlier.
This total includes professional services and project management revenues, which reached 2.17 billion, up from last year’s 1.86 billion in this category. Income from capital investments reached 2.89 million, after being 29.5 million a year earlier.
On an adjusted basis, the professional services and project management businesses earned 38 cents per share in the quarter, up from last year’s adjusted earnings of 30 cents per share.
In its outlook, AtkinsRéalis said it expects organic revenue growth for fiscal 2023 to be between 15% and 17%, compared to its previous forecast for growth of between 12% and 15%. .
