Atco Ltd
TSX:ACO.X

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Atco Ltd
TSX:ACO.X
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Price: 51.27 CAD -2.04% Market Closed
Market Cap: 5.8B CAD

Atco Ltd
Investor Relations

Atco Ltd., an intriguing player in the infrastructure space, emerged from humble beginnings as a trailer rental business in the Canadian city of Calgary during the 1940s. Over the decades, it deftly transformed itself into a diversified global enterprise, adeptly seizing opportunities across a range of industries. Today, Atco's operations are segmented into structures and logistics, utilities, energy infrastructure, retail energy, and property services, allowing it a balanced mix of revenue streams. This diversity is not just a defensive posture but a strategic advancement that enables the company to thrive through economic gyrations. By maintaining a finger on the pulse of essential services like electricity and natural gas, while exploring innovative technologies, Atco not only sustains its financial robustness but propels forward its ambitious sustainability goals.

The mechanisms of Atco's money-making engine are as diverse as its portfolio. Its structures and logistics segment thrives on crafting modular solutions, catering from construction sites to disaster relief efforts, demonstrating adaptability and foresight. Utilities, however, form the bedrock of their revenue, marked by long-term contracts and regulation-guided stability. The energy infrastructure sector further broadens Atco's horizon, with investments in natural gas and electricity generation that pivot towards cleaner energy sources. Meanwhile, the retail energy division targets savvy consumers seeking reliable energy purchases. As Atco occasionally ventures into real estate, particularly through projects in Alberta, it adds another layer of potential growth. This multifaceted approach not only positions Atco as a robust entity across evolving sectors but also as a consistently profitable mainstay in the global marketplace.

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ACO.X
S&P TSX Composite Index (Canada)

Earnings Calls

2023 Q2
Jul 27, 2023
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ATCO Q2 2022 Earnings: Pressures and Strategies
2023 Q2
Jul 27, 2023

ATCO reported Q2 2022 results, feeling pressures primarily from rebasing in their Alberta-based distribution utilities and diminishing earnings in the Australian natural gas distribution business. Despite expecting the trend to continue in Q3 2023, the pressure should ease by Q4 with seasonal benefits and growth in nonregulated businesses. They value the stability of their regulated utilities earnings and consider it vital for their portfolio. Major strategic considerations include exploring opportunities in ATCOenergy Systems and EnPower and potential M&A in niche port opportunities via Neltume, avoiding heavily contested assets. Despite challenging market valuations, ATCO remains strategic with their investments, focusing on synergies and complementary acquisitions like Triple M, while maintaining modest leverage with room for growth through prudent capital allocation.

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Management

Ms. Nancy C. Southern
Chair & CEO
No Bio Available
Mr. Robert J. Myles B. Eng., B.Sc., P.Eng.
Chief Operating Officer of ATCO EnPower
No Bio Available
Mr. Wayne K. Stensby
Chief Operating Officer of ATCO Energy Systems
No Bio Available
Mr. Adam M. Beattie
President of Structures - ATCO Structures & Logistics Ltd.
No Bio Available
Mr. Myles Dougan
Director of Investor Relations
No Bio Available
Mr. Kurt Kadatz
Senior Manager of Corporate Communications
No Bio Available
Ms. Lisa Cooke
Senior VP & Chief Marketing Officer
No Bio Available
Mr. James Landon
President of Frontec
No Bio Available
Mr. M. George Constantinescu
Executive VP & Chief Transformation Officer
No Bio Available
Mr. Marshall F. Wilmot
President of ATCO Retail
No Bio Available

Contacts

Address
ALBERTA
Calgary
West Building, 5302 Forand St SW 4th Floor
Contacts
+14032927500.0
www.atco.com