07:31 AM EDT, 05/15/2024 (MT Newswires) -- AtkinsRealis [SNC-Lavalin Group Inc. ( SNCAF )] (ATRL.TO), a fully integrated professional services and project management company, on Wednesday reported first-quarter adjusted net income attributable to shareholders of $66.1 million, or $0.38 per diluted share, up from $57.8 million, or $0.33 per diluted share, a year earlier.

Analysts polled by Capital IQ expected $0.45.

Revenue for the quarter ended March 31 was $2.26 billion, up from $2.02 billion a year earlier. Analysts surveyed by Capital IQ expected $2.14 billion.

Adjusted EBITDA for Q1 was $168.9 million, up from $160.5 million a year earlier.

The company said its quarterly cash dividend of $0.02 per share remains unchanged from the previous quarter. The dividend is payable on June 12 to shareholders of record on May 29.

For 2024, the company raised the nuclear organic revenue growth outlook versus 2023 to between 15% and 20% from the previously expected range of 12% to 15%.

Corporate selling, general, and administrative expenses from PS&PM outlook for the full year 2024 increased to about $130 million from the previous guidance of about $110 million, the company said.

All other financial outlook metrics for the full year 2024 remain unchanged.