AtkinsRealis headquarters in Montreal, Quebec, on September 30, 2025. (Photo by Graham Hughes\/NurPhoto via Getty Images) \u00b7 NurPhoto via Getty Images <\/p>\n
AtkinsR\u00e9alis Group (ATRL.TO<\/a>) CEO Ian Edwards says governments in Canada ought to buy Canadian nuclear technology to spur knock-on economic benefits like jobs. His comments come as Prime Minister Mark Carney prepares to make a major infrastructure announcement on Thursday, and weeks after Alberta’s government announced an agreement with one of the Montreal-based company’s rivals.<\/p>\n “I would hope that our utilities and our provinces here in Canada choose a technology which is Canadian, which will supply jobs to Canadians, because no other technology will do that,” Edwards told analysts on a conference call on Thursday morning.<\/p>\n Shares of the Canadian engineering and construction firm rose as Edwards touted \u201csupercycle\u201d demand for nuclear power. The company reported financial results before the start of trading, topping analyst estimates for sales and profit.<\/p>\n AtkinsR\u00e9alis stands to benefit from Carney’s first list of major projects announced in September. The company is a key partner in the Darlington New Nuclear Project in Ontario which was included in that announcement.<\/p>\n Last month, Energy Alberta announced a memorandum of understanding with Westinghouse Electric Company to consider deployment of an advanced modular reactor. The Pennsylvania-based company is jointly owned by Canadian firms Brookfield Renewable Partners (BEP-UN.TO<\/a>) and Cameco (CCO.TO<\/a>)(CCJ<\/a>).<\/p>\n “The jobs will go down south with the company that you’re referring to for manufacturing and for engineering,” Edwards said on Thursday. “From a competitive edge, we kind of hope that sense will prevail, and we’ll support our own technology here in Canada.”<\/p>\n Formerly called SNC Lavalin, Montreal-based AtkinsR\u00e9alis is the exclusive licensee of the Canadian government-owned CANDU nuclear reactor technology. The company\u2019s nuclear unit saw its sales jump 61.7 per cent year-over-year for the three months ended Sept. 30.<\/p>\n Overall revenue increased nearly 15 per cent on an annualized basis in Q3, reaching $2.81 billion. Profit attributable to shareholders was $146.7 million, or 88 cents per diluted share, up from $103.7 million or 59 cents per diluted share in the same quarter last year.<\/p>\n \u201cThe whole industry is really in this supercycle, and we\u2019re seeing good opportunities all around,\u201d Edwards said.<\/p>\n Toronto-listed AtkinsR\u00e9alis shares gained as much as 7.4 per cent in early trading. Shares closed 4.02 per cent higher on Thursday at $92.22.<\/p>\n \u201cCanada has a unique advantage in the way that it operates with countries around the world. Because where we\u2019ve built CANDU, in India, Korea, China, Romania, [and] Argentina, we\u2019ve left behind decades of relationships between Canada and those countries, and decades of relationships between AtkinsR\u00e9alis and those utilities,\u201d Edwards added.<\/p>\n On Thursday, AtkinsR\u00e9alis raised its 2025 outlook for nuclear revenue to between $2.2 billion and $2.3 billion, from between $2 billion and $2.1 billion. At the same time, the company expects weaker sales growth from its engineering services group this year.<\/p>\n Edwards praised recent U.S. regulatory momentum behind nuclear power, noting the company’s business in America is small, but with significant growth potential. He says recent nuclear industry conferences in Paris and London affirmed his view of Canada as a formidable purveyor of infrastructure.<\/p>\n Jeff Lagerquist is a senior reporter at Yahoo Finance Canada. Follow him on X @jefflagerquist<\/a>.<\/p>\n Download the Yahoo Finance app, available for Apple<\/a> and Android<\/a>.<\/p>\n <\/a> <\/p>\n