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Additional Information
Market: TSX
Sector: Business Support Services
EPIC: ACO.X
Latest Price: 73.42  (1.94% Ascending)
52-week High: 74.95
52-week Low: 55.34
Market Cap: 3,737.17M
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ATCO
www.atco.com
ATCO Ltd. operates in four segments: Utilities, Energy, Structures & Logistics and Corporate & Other. The Utilities segment includes the regulated distribution of natural gas by ATCO Gas, the regulated transmission of natural gas by ATCO Pipelines and the regulated distribution and transmission of electric energy by ATCO Electric and its subsidiaries, Northland Utilities (NWT), Northland Utilities (Yellowknife) and Yukon Electrical
Full ATCO profile here
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Atco, Canadian Utilities Q4 earnings rise

22nd Feb 2012, 2:50 pm by Joyanta Acharjee
Atco, Canadian Utilities Q4 earnings rise

Alberta energy company ATCO (TSE:ACO.X) Wednesday posted a fourth-quarter profit of $102 million, up from last year's $72 million, while full-year 2011 earnings hit a record $327 million.

The profit improvement came from increased activity across most of its businesses, the Calgary-based firm said.

ATCO's quarterly profit amounted to $1.76 per share, up from $1.25 a year earlier. After items, ATCO earned $83 million, up from $80 million.

Revenues for the period rose to $1.13 billion from $955 million.

For the full year, ATCO's earnings amounted to $5.65 per share, up from $4.83 per share in 2010. Adjusted for one-time items, earnings came in at $330 million, up from $296 million. Revenue grew to $4 billion from $3.49 billion.

In a statement, ATCO said: "In 2011, ATCO Structures & Logistics had an exceptionally strong year as rental activity increased and manufacturing expanded to address growth in demand for modular structures and services, especially new workforce housing needs in the resource-rich regions of Australia, Canada, and South America.

"Australia was particularly strong with three major workforce housing complexes associated with liquefied natural gas projects."

In a separate statement, Canadian Utilities (TSE:CU), ATCO's pipeline and energy services unit, posted earnings attributable to equity owners of $156 million or $11.4 per share, up from $118 million or 88 cents per share, a year earlier.

Adjusted earnings, however, decreased $14 million to $109 million in the quarter as the ATCO Gas general rate application decision that disallowed certain program costs and capital expenditures, and the generic cost of capital decision, reduced the utilities' approved return on equity.

Revenue in the quarter was $827 million, down from $723 million.

For the full year, earnings attributable to shareholders were $496 million, or $3.65 per share on revenues of just under $3 billion, up from $432 million, or $3.21 per share, on revenues of $2.7 billion.

ATCO - which has more than 8,000 employees and assets of about $12 billion - operates pipelines, natural gas and electricity distribution companies as well as power generation and natural gas processing and storage businesses. It also makes and sells oilfield housing and other services.

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