Atco Ltd. CEO Nancy Southern speaks to reporters following the company’s annual general meeting in Calgary on Wednesday, May 13, 2026. THE CANADIAN PRESS/Lauren KrugelLauren Krugel/The Canadian Press
Atco Ltd. ACO-X-T reported its third-quarter profit attributable to shareholders was $83-million, down from $85-million in the same quarter last year.
The company says the profit amounted to 73 cents per diluted share for the quarter ended Sept. 30 compared with 75 cents per diluted share a year ago.
Revenue totalled $1.34-billion for the quarter, up from $1.18-billion in the same quarter last year.
On an adjusted basis, Atco says it earned $1 per share in its latest quarter, up from 92 cents per share in the third quarter of 2025.
Last month, Emera Inc. EMA-T signed a deal that will see it acquire Canadian Utilities Ltd. and Atco, which owns a controlling stake in Canadian Utilities, while Atco’s industrial services business will be spun out as a new public company to its existing shareholders that will be led by Atco CEO Nancy Southern.
Nancy Southern sees Emera deal as a win-win for ATCO
It says the new company will be focused on housing, defence and other investments, including ports and retail energy.
More Stories
Trader angst pivots from inflation to growth as tech rout deepens
Tesla to pull the plug on Cybertruck after years of poor sales
If you suddenly lose your job, it isn’t all for naught. Most workers carry skills from job to job