AtkinsRéalis Group (ATRL) Q1 2026 earnings summary

Executive summary

• Revenue rose 18% year-over-year to CAD 3 billion ($3.0B), with adjusted EBITDA up 18% and adjusted EPS up 27%.

• Net income attributable to shareholders increased 34% to $92.8 million, with diluted EPS up 44% to $0.56.

• Robust demand in Nuclear and Engineering Services, with record nuclear revenues and a $20.3 billion backlog.

• Strategic acquisitions in Australia and Ireland to expand presence in high-growth markets.

• Recognized as one of the 2026 World's Most Ethical Companies by Ethisphere.

Financial highlights

• Total revenue reached CAD 3 billion ($2,997.8M), up 18% year-over-year, with Engineering Services up 12% and Nuclear up 37%.

• Segment adjusted EBIT rose 12% to $244.5M, led by a 31% increase in the nuclear segment.

• Adjusted EBITDA reached $254M, up 18%, and adjusted diluted EPS rose 27% to $0.80.

• Net cash from operating activities more than doubled to $97M.

• $87M returned to shareholders via buybacks and $39M via dividends.

Outlook and guidance

• 2026 outlook maintained: nuclear revenue target of ~$2.5B and 5%-7% organic growth in engineering services.

• Engineering services growth expected to be weighted to the second half of the year.

• Q2 engineering services growth guided to low-single digits due to Middle East conflict; full-year confidence remains high.

• Sequential margin improvement expected throughout 2026, with full-year engineering services EBITDA margin guidance of 16.5%-17.5%.

• Effective tax rate projected at 25%-30% for the full year.