AtkinsR\u00e9alis Group Inc., formerly known as SNC-Lavalin, reported a significant profit increase, driven by its nuclear projects. The Montreal-based engineering firm saw a 52% jump in profits and a 185% increase in its nuclear work backlog, reaching a record $5.25 billion. The company’s revenue in the nuclear segment grew organically by 77% year-over-year, contributing significantly to the overall revenue increase. Key projects include a life extension contract for reactors at Ontario’s Pickering nuclear power station and a reactor at Romania’s Cernavoda nuclear plant. AtkinsR\u00e9alis raised its 2025 nuclear revenue outlook to between $1.9 billion and $2 billion and secured a $304-million loan from the federal government for its Monark reactor technology. Despite setbacks from certain construction contracts, the company maintains a positive outlook, focusing on its lucrative nuclear ventures.<\/p>\n","protected":false},"excerpt":{"rendered":"
AtkinsR\u00e9alis Group Inc., formerly known as SNC-Lavalin, reported a significant profit increase, driven by its nuclear projects. The Montreal-based engineering firm saw a 52% jump in profits and a 185%…<\/p>\n","protected":false},"author":1,"featured_media":951,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[178],"tags":[414,9682,3344,1318,131],"class_list":["post-8048","post","type-post","status-publish","format-standard","has-post-thumbnail","category-canada","tag-canada-startup-news","tag-engineering-projects","tag-montreal","tag-nuclear-energy","tag-revenue-growth"],"acf":[],"yoast_head":"\n