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Atco reports $83M Q3 profit attributable to shareholders, down from year ago
Atco Ltd. reported third-quarter profit attributable to shareholders of $83 million, down from $85 million a year earlier.
Profit was 73 cents per diluted share, compared with 75 cents per share in the same quarter last year.
Revenue rose to $1.34 billion from $1.18 billion, while adjusted earnings increased to $1.00 per share from 92 cents.
Emera Inc. agreed to acquire Canadian Utilities Ltd. and Atco, while Atco’s industrial services business will become a new public company led by CEO Nancy Southern.