07:14 AM EDT, 05/15/2025 (MT Newswires) -- AtkinsRealis Group Inc. ( SNCAF ) , a global engineering services and nuclear company, on Thursday reported better than expected earnings and revenues for the first quarter, citing its Nuclear performance as "particularly strong", leading it to raise its Nuclear revenue outlook for full year 2025 and also for 2025 to 2027.

For Q1, the company reported adjusted diluted EPS from PS&PM of $0.57 vs 0.42 a year earlier. This beat a FactSet forecast of $0.52.

It recorded revenues of $2,545.7 million versus $2,264.3 million in the prior corresponding period, compared to the $2,412.3 million forecast by FactSet.

Among highlights. the company said its total backlog also continued to be "robust" with a 17% increase compared to December 31, 2024 and a 31% increase compared to March 31, 2024, as Engineering Services Regions, Nuclear and Linxon all reached new record-high levels.

The company is raising its Nuclear revenue outlook for full year 2025 to between $1.9 billion and $2.0 billion, from the previous range of between $1.6 billion and $1.7 billion, reflecting strong growth year-to-date and confidence in demand continuing over the balance of the year, supported by its record backlog. The company is also adjusting its Nuclear Segment Adjusted EBIT to segment revenue ratio outlook for full year 2025 to between 11% and 13%, from the previous range of between 12% and 14%, reflective of the 2025 expected business mix.

All other financial outlook metrics for full year 2025, issued on March 13, 2025, are maintained.

Meanwhile, some 2025 to 2027 financial targets were revised. At its Investor Day held on June 13, 2024, the company unveiled its '2025-2027 Deliver Excellence, Drive Growth Strategic Plan', and at the same time provided certain financial targets for 2025 through 2027. As a result of the strong financial and operating performance of the Nuclear segment during the first quarter of 2025, the significant increase in the Nuclear backlog and the company's optimistic outlook regarding the global demand for the services offered by the Nuclear segment in the mid and long terms, the company is raising its Nuclear annual revenue target to between $2.2 billion and $2.5 billion by 2027, from the previous range of between $1.8 billion and $2.0 billion .

All other financial targets for 2025 to 2027, as announced on June 13, 2024 , are maintained.

"We had a strong start to the year, as the energy transition and aging infrastructure continue fueling our markets, where our unique end-to-end engineering expertise positions us for sustained growth. Nuclear performance was particularly strong as continued demand for our nuclear expertise and CANDU life extensions increased our Nuclear backlog above $5 billion for the first time in our history," said Ian L. Edwards , President and CEO.

"While market dynamics continue to evolve, our businesses have historically been resilient and successful during times of economic uncertainty. Our focus remains on executing our Delivering Excellence, Driving Growth strategy which is underpinned by our disciplined capital deployment framework and a strong balance sheet."

ATRL was up $1.34 or 1.8% to $75.95 yesterday