07:54 AM EST, 11/07/2025 (MT Newswires) -- ATCO (ACO-X.TO, ACO-Y.TO) on Friday reported a rise in its earnings in the third quarter and reported recent developments.

Adjusted earnings in Q3 rose to $103 million or $0.92 per share, compared with $91 million or $0.81 per share, a year earlier.

The company said ATCO Structures continued growing its market presence "through organic strategic initiatives and investment in its base business, particularly in space rentals." It added that ATCO Frontec secured a position as a U.S. Prime Contractor on the U.S. Navy's Worldwide Expeditionary Multiple Award Contract 2.1 - Territorial Integrity of the United States.

ATCO Frontec is now eligible to bid on task orders under the program to deliver expeditionary logistics and life support services across the continental U.S. and outlying territories. It also mentioned that Canadian Utilities ( CDUTF ) invested $402 million of capital expenditures in Q3, of which 95% was invested in its regulated utilities in ATCO Energy Systems and ATCO Australia, with the remaining 5% largely invested in ATCO EnPower.

Shares of the company closed up 1.1% to $53.59 on Thursday on the Toronto Stock Exchange.