Adjusted earnings in 2020 were
ATCO adjusted earnings in 2020 were
On
Earnings attributable to Class I and Class II Shares were
RECENT DEVELOPMENTS IN THE FOURTH QUARTER OF 2020
ATCO Structures
- Acquired the remaining 50 per cent interest in the
ATCO Sabinco S.A. joint venture partnership. With this strategic investment, ATCO Structures gained full ownership and control of its Chilean business. The transaction closed onDecember 30, 2020 . - Completed work on a second camp for the Trans Mountain Expansion project. The two camps will accommodate up to approximately 1,150 persons in total. Rental contracts for both camps will continue through 2023.
- Won a
$12 million , 450-person workforce housing rental contract to support the phase I rebuild and expansion of the China Lake Military Base in southernCalifornia . The Base was damaged by two major earthquakes inJuly 2019 . - Won a
$13 million contract with Newmont Corporation to supply a 600-person camp to house workers at the Peñasquito Mine in the state ofZacatecas, Mexico . The camp is expected to be complete in the fourth quarter of 2021.
- Awarded a 31-month workforce lodging services contract for approximately 450 persons to support the rebuild of the China Lake Military Base. The contract is expected to commence in the first quarter of 2021.
This news release should be used as preparation for reading the full disclosure documents. ATCO's consolidated financial statements and management's discussion and analysis for the year ended
With approximately 6,200 employees and assets of
Investor & Analyst Inquiries:
Director, Investor Relations & External Disclosure
T: 403-292-7879 C: 403-828-2908
Media Inquiries:
Senior Manager, Corporate Communications
T: 587-228-4571
Forward-Looking Information:
Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", and similar expressions.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information.
The Company's actual results could differ materially from those anticipated in this forward-looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions (including as may be affected by the COVID-19 pandemic), and other factors, many of which are beyond the control of the Company.
The Company believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon.
Any forward-looking information contained in this news release represents the Company's expectations as of the date hereof, and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.
SOURCE
© Canada Newswire, source