CEO of AtkinsRéalis Credits "Mega Trends" for Record Stock Gains

AtkinsRéalis Group Sees Double-Digit Growth, Fueled by Rising Demand for Nuclear Power and Aging Infrastructure Needs.

Editorial Team (ET)June 18, 2025

AtkinsRéalis Group (ATRL.TO), the Canadian engineering powerhouse formerly known as SNC-Lavalin, made headlines with a remarkable surge in its stock price, climbing as high as 13% on Thursday. This sharp increase comes as the company continues to ride a wave of favorable “mega trends,” as CEO Ian Edwards puts it, including the rising global demand for nuclear energy and the urgent need to modernize aging infrastructure. These large-scale changes are positioning AtkinsRéalis as a major player in the fields of engineering, consulting, and nuclear technology, driving both revenue growth and investor confidence.

Company Overview

Headquartered in Montreal, Canada, AtkinsRéalis provides a broad range of professional services across multiple sectors. Known for its consulting, engineering, and construction expertise, the company has a reputation for delivering solutions to complex global challenges. Recently, the firm has become increasingly involved in the nuclear sector, particularly with its CANDU nuclear reactor technology, a key asset as the world leans toward cleaner energy.

In a move to reinvent its image and focus, SNC-Lavalin recently rebranded as AtkinsRéalis. The name change symbolizes a fresh beginning, reflecting the company's shift toward high-growth sectors and sustainable energy solutions, distancing itself from past controversies and signaling a strong future-focused strategy.

Financial Highlights for Q3 2024

AtkinsRéalis reported an impressive 15% revenue increase in its core services segment in the third quarter of 2024, with sales topping $2.45 billion. This figure represents a solid jump from $2.20 billion in the same period last year, reflecting the company's success in tapping into lucrative sectors.

The nuclear business, though smaller than the core services segment, exhibited an extraordinary 35% year-over-year growth. This surge underscores the growing appetite for nuclear energy solutions, aligning with global environmental goals and AtkinsRéalis’ capability in this high-demand industry.

One of the most encouraging aspects of AtkinsRéalis' performance is its project backlog, which hit a record $16.8 billion in the services segment alone. This backlog, marking a 35% increase from the previous year, highlights the sustained demand for the company’s expertise and solidifies its revenue pipeline for the foreseeable future.

Understanding the ‘Mega Trends’ Driving Growth

With nuclear energy being hailed as a viable clean energy solution, especially amid rising concerns about climate change, AtkinsRéalis finds itself in an enviable position. Its CANDU technology, a leader in nuclear reactor design, has garnered interest worldwide, placing the company at the forefront of this expanding market.

Globally, many countries are grappling with deteriorating infrastructure that requires urgent modernization. From water systems to bridges, the need for reliable and advanced infrastructure is clear. AtkinsRéalis’ engineering services cater to these needs, helping public and private entities keep their infrastructure resilient and up to date.

CEO Ian Edwards’ Vision and Strategic Direction

Ian Edwards, the CEO of AtkinsRéalis, emphasizes that the company is positioned for the long term, capitalizing on mega trends that favor sustainable and future-proof industries. "Market conditions for our engineering services and our nuclear business remain strong as we continue to support public and private entities in achieving their evolving power needs and net-zero goals," Edwards said during a recent conference call.

The CEO also noted that AtkinsRéalis aims to bridge the gap between public and private sector requirements, particularly in areas like energy infrastructure and environmental engineering. This dual focus not only widens the company’s market reach but also reinforces its role as a critical partner in global development.

Analyzing the Stock Surge

Investors have been keen on AtkinsRéalis’ solid performance, especially with its commitment to high-growth sectors. The 13% stock price increase reflects both the company's strong Q3 results and the broader appeal of its strategic focus areas.

Analysts at RBC Capital Markets maintain a $70 price target for AtkinsRéalis stock, reaffirming an “outperform” rating. The stock’s recent surge is not just a flash in the pan; it mirrors sustained confidence in the company’s growth trajectory and ability to capitalize on mega trends.

Key Drivers of Revenue Growth

AtkinsRéalis’ core engineering services account for a substantial portion of its revenue, showing a reliable year-over-year increase. This segment’s strength reflects the ongoing demand for complex engineering solutions that address the challenges of modern infrastructure needs.

AtkinsRéalis is advancing in nuclear technology, a field where demand continues to escalate. The company's involvement in nuclear energy projects, particularly its proprietary CANDU technology, has proven to be a strategic asset, aligning AtkinsRéalis with sustainable energy policies worldwide.

Financial Performance and Challenges

Despite a stellar revenue growth, AtkinsRéalis saw a slight dip in profit in Q3, which CEO Edwards attributed to a non-recurring gain in the previous year from the sale of a Scandinavian business. However, the revenue boost and backlog figures more than offset this temporary dip in profits, painting a picture of robust financial health.

The company’s proactive approach to divestitures and acquisitions is part of a broader strategy to streamline operations and focus on core growth areas. This financial strategy aligns with the company’s commitment to high-performance segments and long-term profitability.

Future Prospects for AtkinsRéalis

As governments worldwide roll out initiatives to upgrade aging infrastructure, AtkinsRéalis stands to benefit from an influx of public sector contracts. The company’s experience in large-scale infrastructure projects positions it well to capture a significant share of this market.

Beyond North America, AtkinsRéalis has the potential to expand its influence in emerging markets, where demand for nuclear and engineering services is also on the rise. This global reach enhances the company’s growth prospects and opens doors to untapped revenue streams.

Conclusion

AtkinsRéalis Group is at an inflection point, driven by mega trends in nuclear energy demand, sustainable infrastructure, and the pursuit of net-zero goals. CEO Ian Edwards’ vision and the company’s strategic positioning have not only boosted its financial performance but have also fueled investor optimism. With a record-breaking project backlog and a robust plan for the future, AtkinsRéalis is well on its way to solidifying its place as a leader in engineering and nuclear services. As the world pivots towards sustainability, the company’s trajectory appears strong, making it an investment opportunity aligned with some of the world’s most pressing needs.

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