News Analysis
Aecon does not rue missing out on international opportunities it might have had if taken over by a Chinese state-owned construction firm last summer. The Toronto-headquartered infrastructure giant’s management is excelling with a particular focus on Canada and succeeding where SNC-Lavalin struggles. The differences between the two companies is stark in telling areas.Aecon stock hit a 12-year high on July 26 and is up 30 percent in the last year after releasing better-than-expected second-quarter earnings, while SNC’s stock hit a 14-year low earlier in that same week after a restructuring announcement. Aecon is showing how a capable management team can execute by understanding what it does best and not stretching itself too thin.
