07:34 AM EDT, 08/09/2024 (MT Newswires) -- AtkinsRealis Group ( SNCAF ) , formerly SNC-Lavalin, on Friday reported higher second-quarter adjusted profit and raised its nuclear revenue outlook for the year.

Adjusted net income attributable to shareholders from professional services & project management (PS&PM) rose to $85.3 million, or $0.49 per diluted share, from $71.9 million, or $0.41, respectively. According to Capital IQ, analysts were expecting $0.57 per share.

Total service revenue increased 17% to $2.3 billion, inline with the $2.29 billion forecast by Capital IQ. Engineering Services Regions revenue was 12% higher, to $1.7 billion, while nuclear revenue increased 42% to $357.6 million.

The company raised its organic revenue growth outlook for this year to 30-35%, from a previous range of 15-20%.