ATCO Ltd.

ACO.X

CA0467894006

Multiline Utilities

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-04-29 pm EDT			5-day change	1st Jan Change
37.67 ^CAD	-0.16%		+3.43%	-2.59%

Apr. 11	ATCO Ltd. Announces Quarterly Dividends, Payable on June 30, 2024	CI
Mar. 12	ATCO Ltd.'s Equity Buyback announced on March 8, 2023 has expired.	CI

ATCO Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023

October 26, 2023 at 07:21 am EDT

ATCO Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was CAD 1,058 million compared to CAD 1,158 million a year ago. Net income was CAD 91 million compared to CAD 71 million a year ago. Basic earnings per share from continuing operations was CAD 0.8 compared to CAD 0.62 a year ago. Diluted earnings per share from continuing operations was CAD 0.8 compared to CAD 0.62 a year ago.
For the nine months, sales was CAD 3,520 million compared to CAD 3,630 million a year ago. Net income was CAD 337 million compared to CAD 289 million a year ago. Basic earnings per share from continuing operations was CAD 2.97 compared to CAD 2.53 a year ago. Diluted earnings per share from continuing operations was CAD 2.97 compared to CAD 2.53 a year ago.

Latest news about ATCO Ltd.

ATCO Ltd. Announces Quarterly Dividends, Payable on June 30, 2024	Apr. 11	CI
ATCO Ltd.'s Equity Buyback announced on March 8, 2023 has expired.	Mar. 11	CI
ATCO Reports Normal Course Issuer Bid	Mar. 11	MT
ATCO Ltd. (TSX:ACO.X) announces an Equity Buyback for 1,994,677 shares, representing 2% of its issued share capital.	Mar. 08	CI
ATCO Ltd. authorizes a Buyback Plan.	Mar. 07	CI
Atco Maintained at Outperform at BMO Following Q4 Results; Price Target Raised to C$49.00	Mar. 01	MT
Transcript : ATCO Ltd., 2023 Earnings Call, Feb 29, 2024	Feb. 29
ATCO Reports Q4 Adjusted EPS of $1.13	Feb. 29	MT
ATCO Brief: Q4 adjusted earnings in 2023 of $127 million ($1.13 per share) were $17 million ($0.16 per share) higher compared to $110 million ($0.97 per share) in the fourth quarter of 2022	Feb. 29	MT
Tranche Update on ATCO Ltd. (TSX:ACO.X)'s Equity Buyback Plan announced on March 8, 2023.	Feb. 29	CI
ATCO Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 29	CI
Fitch Affirms Ratings on ATCO, Canadian Utilities	Feb. 26	MT
Atco Ltd. Declares First Quarter Dividends on Class I Non-Voting Share and Class II Voting Share, Payable on March 31, 2024	Jan. 11	CI
ATCO Frontec Adds New Business Line With Purchase of Fire Prevention Services	Jan. 09	MT
ATCO Brief: Adding New Business Line With Purchase of Fire Prevention Services	Jan. 09	MT
Canadian Utilities Details Exchange Proposal To Non-Controlling Class B Share Owners	23-10-31	MT
Tranche Update on ATCO Ltd. (TSX:ACO.X)'s Equity Buyback Plan announced on March 8, 2023.	23-10-29	CI
National Bank Raises Price Target on ATCO, Notes Structural Increase in Rentals	23-10-27	MT
Transcript : ATCO Ltd., Q3 2023 Earnings Call, Oct 26, 2023	23-10-26
ATCO's Q3 Adjusted Profit, Revenue Falls; National Bank Says Results Above Expectations	23-10-26	MT
Canadian Utilities' Q3 Adjusted Profit, Revenue Drops; National Bank Says Results Slightly Below Expectations	23-10-26	MT
Canadian Utilities' Q3 Adjusted Profit, Revenue Drops	23-10-26	MT
ATCO's Q3 Adjusted Profit, Revenue Falls	23-10-26	MT
ATCO Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	23-10-26	CI
Canadian Utilities Brief: Q3 2023 adjusted earnings of $87 million ($0.32 per share), $33 million ($0.13 per share) lower compared to $120 million ($0.45 per share) in Q3 2022	23-10-26	MT

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Company Profile

ATCO Ltd. is a Canada-based diversified company. The Companyâs Structures & Logistics segment offers workforce and residential housing, modular facilities, construction, site support services, workforce lodging services, facility operations and maintenance, defense operations services, and disaster and emergency management services. Its Canadian Utilities Limited segment includes ATCO Energy Systems, ATCO EnPower and Retail Energy. The Neltume Ports segment includes the equity interest in Neltume Ports S.A., a port operator and developer based in South America. Neltume Ports operates 18 port facilities and five port operation services businesses located in Chile, Uruguay, Argentina, Brazil and the United States. ATCO Corporate & Other includes commercial real estate owned by the Company, intersegment eliminations, Ashcor, a business engaged in the processing and marketing of live ash and ash reclaimed from landfills, and Fresh Bites, which is engaged in food services.

Sector

Multiline Utilities

Calendar

2024-05-01 - Q1 2024 Earnings Release

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Ratings for ATCO Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

37.73 CAD

Average target price

45.71 CAD

Spread / Average Target

+21.16%

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Quarterly earnings - Rate of surprise

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Other Multiline Utilities

ATCO Ltd.

Equities

ACO.X

CA0467894006

Multiline Utilities

ATCO Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023

EPS Revisions