04:52 PM EST, 03/05/2025 (MT Newswires) -- Aecon Group ( AEGXF ) after trade Wednesday said it more than doubled adjusted earnings in the fourth quarter, buoyed by strong revenue, which it sees even higher in 2025.

For the quarter, the engineering and design company reported an adjusted profit, excluding most one-time items, of $16.3 million, or $0.25 per share, more than double the $7.8 million, or $0.12, adjusted profit in the year-prior quarter and meeting the FactSet forecast.

It posted revenue of $1.27 billion compared to $1.13 billion a year earlier. That beat a FactSet forecast of $1.195 billion.

"Driven by robust year-end backlog, significant new contract awards, contributions from strategic acquisitions, solid recurring revenue, and a strong bid pipeline, revenue in 2025 is expected to be stronger than 2024," said chief executive Jean-Louis Servranckx.

Aecon ( AEGXF ) shares closed up $0.20 to $22.27 on the Toronto Stock Exchange.