Latest news with #IanEdwards
CTV News
08-08-2025
- Business
- CTV News
AtkinsRéalis at the forefront of global nuclear power ‘renaissance,' CEO says
Sorry, we're having trouble with this video. Please try again later. [5006/404] The head of AtkinsRéalis says the Canadian engineering giant is taking advantage of a global shift towards nuclear power, which he believes is key to fulfilling the growing energy needs of artificial intelligence (AI) infrastructure. 'The nuclear power sector is going through a significant renaissance, with countries making announcements one after the other to triple their current nuclear power or enter the nuclear power industry' Ian Edwards, the firm's CEO, told BNN Bloomberg in an interview Friday morning. 'Clearly our business in nuclear is doing well on the back of that. We've increased our backlog in our nuclear business by 230 per cent from what it was a year ago, so (there are) a pleasing set of market conditions at the moment.' Edwards' comments came a day after the Montreal-based company, formerly known as SNC-Lavalin, released second quarter results that showed a 15 per cent year-over-year revenue increase and a record high total company backlog of more than $20 billion. AtkinsRéalis' management has made a concerted effort to simplify its business in recent years, Edwards said, while remaining a major player in the global infrastructure sector; another industry experiencing tailwinds at the moment. 'We're a global engineering company in infrastructure… around the world our markets are pretty strong. Aging infrastructure in the developed world is fuelling our business and the need for new infrastructure, particularly in the developing world, fuels our business,' he said. Amid the ongoing rebalancing of global trade triggered by U.S. President Donald Trump's tariff policies, there is also renewed interest in strategic infrastructure and nation building projects. 'Across the world, it's an interesting time for infrastructure. If you look at the U.K. and Canada now with Bill C-5, they're looking at developing a strategic infrastructure pipeline of projects,' he said. 'This is a real positive because we can see what the future looks like. We can make sure we have the capacity in human resources to do that, and it enables us to plan, so those things are really good and I'm looking forward to seeing the details, particularly of Bill C-5.' Bill C-5, the Building Canada Act, is Prime Minister Mark Carney's first piece of signature legislation. It enables Carney and his cabinet to fast-track major projects deemed to be in the national interest. The bill, which was passed into law before Parliament's summer break, has received pushback from critics including Indigenous groups who say it weakens environmental protections and sidesteps their constitutional rights. Nuclear is the AI 'solution' With expertise in infrastructure and nuclear power, AtkinsRéalis is uniquely positioned to benefit from the growing buildout of AI technology, Edwards said. 'As we know, the hyperscalers are building data centres now that could take up to a gigawatt of electricity, which has put an incredible strain on the electricity grid,' he said. 'Nuclear, we believe, is the solution to that. We're in several discussions with hyperscaler companies to see if we can sole source our nuclear technology… so that's a positive.' Shares in AtkinsRéalis were changing hands at just over $97 apiece in afternoon trading in Toronto on Friday.
CTV News
07-08-2025
- Business
- CTV News
AtkinsRéalis says the slowdown in the United States is temporary
The AtkinsRéalis headquarters is seen in this photo in Montreal on Friday, Nov. 10, 2023. THE CANADIAN PRESS /Christinne Muschi MONTREAL — Montreal-based engineering firm AtkinsRéalis revised down its forecasts for the engineering sector slightly due to a decline in activity in the United States. New orders in the United States and Latin America accounted for only 59 per cent of revenue in the second quarter, according to second-quarter results released Thursday. The Montreal-based company's president and CEO, Ian Edwards, acknowledged that business was slow south of the border. 'We've seen some delays in infrastructure project win converting to revenue,' he said during a conference call with analysts. Projects have been delayed in various U.S. states as public officials waited to gauge the impact of the change in administration at the White House. Edwards believes the outlook remains good in the U.S. He also noted that the results were being compared to a strong period for the U.S. mining sector. Analyst Ian Gillies of Stifel shared this optimism. 'We would be buyers on weakness as we believe the structural spending tailwinds remain in place and the balance sheet is well positioned for self-funded mergers and accquistions,' Gillies said. The company formerly known as SNC-Lavalin has slightly lowered its revenue growth forecast for the engineering services segment due to weaker international demand. However, it has slightly improved its forecast for nuclear energy. AtkinsRéalis' order book is performing better for the company as a whole. The company reported an order backlog of $20.9 billion, compared to $15.9 billion in the same period last year. Edwards also reiterated that the company is taking steps in the United States to enter the nuclear market. 'We are looking at what it would take to get it through the licensing process, which we don't think is too difficult because they think about things very similar to Canada.' The executive said the end of the decade is when the company expects to obtain the necessary permits. The context is favourable for the industry south of the border, with the Trump administration setting a goal of quadrupling nuclear power production in the United States by 2050. The government wants to begin construction of 10 large reactors by 2030 and speed up the approval process. The US industry is concentrated, with Westinghouse being the only US company capable of building large reactors in the United States. AtkinsRéalis reported net income attributable to shareholders of $2.3 billion in the second quarter, compared to $82.2 million in the same period last year. The significant difference is attributable to a $2.2 billion gain from the sale of its interest in Highway 407 in the Greater Toronto Area. Total revenues were up 15 per cent to $2.7 billion. Adjusted earnings per share were $0.78. Before the results were released, analysts had expected revenues of $2.6 billion and earnings per share of $0.68, according to financial data firm Refinitiv. AtkinsRéalis shares ended the day up 62 cents at $96.94 on the Toronto Stock Exchange. --- Stéphane Rolland, The Canadian Press This report by The Canadian Press was first published Aug. 7, 2025.
Yahoo
07-08-2025
- Business
- Yahoo
AtkinsRéalis says the slowdown in the United States is temporary
MONTREAL — Montreal-based engineering firm AtkinsRéalis revised down its forecasts for the engineering sector slightly due to a decline in activity in the United States. New orders in the United States and Latin America accounted for only 59 per cent of revenue in the second quarter, according to second-quarter results released Thursday. The Montreal-based company's president and CEO, Ian Edwards, acknowledged that business was slow south of the border. "We've seen some delays in infrastructure project win converting to revenue," he said during a conference call with analysts. Projects have been delayed in various U.S. states as public officials waited to gauge the impact of the change in administration at the White House. Edwards believes the outlook remains good in the U.S. He also noted that the results were being compared to a strong period for the U.S. mining sector. Analyst Ian Gillies of Stifel shared this optimism. "We would be buyers on weakness as we believe the structural spending tailwinds remain in place and the balance sheet is well positioned for self-funded mergers and accquistions," Gillies said. The company formerly known as SNC-Lavalin has slightly lowered its revenue growth forecast for the engineering services segment due to weaker international demand. However, it has slightly improved its forecast for nuclear energy. AtkinsRéalis' order book is performing better for the company as a whole. The company reported an order backlog of $20.9 billion, compared to $15.9 billion in the same period last year. Edwards also reiterated that the company is taking steps in the United States to enter the nuclear market. "We are looking at what it would take to get it through the licensing process, which we don't think is too difficult because they think about things very similar to Canada." The executive said the end of the decade is when the company expects to obtain the necessary permits. The context is favourable for the industry south of the border, with the Trump administration setting a goal of quadrupling nuclear power production in the United States by 2050. The government wants to begin construction of 10 large reactors by 2030 and speed up the approval process. The US industry is concentrated, with Westinghouse being the only US company capable of building large reactors in the United States. AtkinsRéalis reported net income attributable to shareholders of $2.3 billion in the second quarter, compared to $82.2 million in the same period last year. The significant difference is attributable to a $2.2 billion gain from the sale of its interest in Highway 407 in the Greater Toronto Area. Total revenues were up 15 per cent to $2.7 billion. Adjusted earnings per share were $0.78. Before the results were released, analysts had expected revenues of $2.6 billion and earnings per share of $0.68, according to financial data firm Refinitiv. AtkinsRéalis shares ended the day up 62 cents at $96.94 on the Toronto Stock Exchange. This report by The Canadian Press was first published Aug. 7, 2025. Company in this release: (TSX: ATRL) Stéphane Rolland, The Canadian Press
Winnipeg Free Press
07-08-2025
- Business
- Winnipeg Free Press
AtkinsRéalis says the slowdown in the United States is temporary
MONTREAL – Montreal-based engineering firm AtkinsRéalis revised down its forecasts for the engineering sector slightly due to a decline in activity in the United States. New orders in the United States and Latin America accounted for only 59 per cent of revenue in the second quarter, according to second-quarter results released Thursday. The Montreal-based company's president and CEO, Ian Edwards, acknowledged that business was slow south of the border. 'We've seen some delays in infrastructure project win converting to revenue,' he said during a conference call with analysts. Projects have been delayed in various U.S. states as public officials waited to gauge the impact of the change in administration at the White House. Edwards believes the outlook remains good in the U.S. He also noted that the results were being compared to a strong period for the U.S. mining sector. Analyst Ian Gillies of Stifel shared this optimism. 'We would be buyers on weakness as we believe the structural spending tailwinds remain in place and the balance sheet is well positioned for self-funded mergers and accquistions,' Gillies said. The company formerly known as SNC-Lavalin has slightly lowered its revenue growth forecast for the engineering services segment due to weaker international demand. However, it has slightly improved its forecast for nuclear energy. AtkinsRéalis' order book is performing better for the company as a whole. The company reported an order backlog of $20.9 billion, compared to $15.9 billion in the same period last year. Edwards also reiterated that the company is taking steps in the United States to enter the nuclear market. 'We are looking at what it would take to get it through the licensing process, which we don't think is too difficult because they think about things very similar to Canada.' The executive said the end of the decade is when the company expects to obtain the necessary permits. The context is favourable for the industry south of the border, with the Trump administration setting a goal of quadrupling nuclear power production in the United States by 2050. The government wants to begin construction of 10 large reactors by 2030 and speed up the approval process. The US industry is concentrated, with Westinghouse being the only US company capable of building large reactors in the United States. AtkinsRéalis reported net income attributable to shareholders of $2.3 billion in the second quarter, compared to $82.2 million in the same period last year. The significant difference is attributable to a $2.2 billion gain from the sale of its interest in Highway 407 in the Greater Toronto Area. Monday Mornings The latest local business news and a lookahead to the coming week. Total revenues were up 15 per cent to $2.7 billion. Adjusted earnings per share were $0.78. Before the results were released, analysts had expected revenues of $2.6 billion and earnings per share of $0.68, according to financial data firm Refinitiv. AtkinsRéalis shares ended the day up 62 cents at $96.94 on the Toronto Stock Exchange. This report by The Canadian Press was first published Aug. 7, 2025. Company in this release: (TSX: ATRL)
West Australian
29-07-2025
- Automotive
- West Australian
Racing WA Community Fund grants now open to support community groups in regional WA, including Mid West
Local groups making a difference in regional WA are being encouraged to apply for grants of up to $5000 through the Racing WA Community Fund. Now in its third round, the fund is open to community organisations in the Kimberley, Pilbara, Gascoyne, Wheatbelt, and Mid West regions, supporting initiatives to better connect, enhance wellbeing for people or animals, or promote sustainability. Racing and Wagering WA CEO Ian Edwards said the fund had already proven its value across the State. 'Last year's northern round supported a variety of initiatives, including a Variety WA event in the Mid West, a youth outreach program in the Kimberley and a road safety initiative in the Wheatbelt to name a few,' he said. 'We followed up with a successful round in the south, and we're now excited to be back in the north, supporting more projects that make a local impact.' Mr Edwards said racing already played a vital role in connecting communities and the fund was a natural extension of that focus. 'This fund is a great example of how we can extend that impact well beyond the racetrack,' he said. 'Whether it's a local sports club, volunteer service or wellbeing program, if your group is making a positive contribution to your region, we want to support those efforts to go even further.' Applications for the 2025 northern round of the Racing WA Community Fund are open now and will close on Sunday, September 7. For more information and eligibility criteria, visit the Racing WA website .
