Aecon fell 4.4 percent to C$16.01 at 9:54 a.m. in Toronto.
Net income crumbled to C$28.3 million, or 54 Canadian cents per basic share, in the three months ended Dec. 31, from C$56.3 million, or C$1.06 per basic share, in the year-earlier period, the Toronto, Ontario-based company said in a statement yesterday.
On an adjusted basis, earnings were 50 Canadian cents, below the average estimate of 58 cents a share.
Revenue skidded to C$906.2 million from C$932.1 million.
The construction company boosted its annual dividend by 12.5 percent to 36 Canadian cents per share from 32 Canadian cents per share.
Backlog was $1,773 million at Dec. 31, 2013 , compared to $2,428 million at the end of 2012.
Aecon said its outlook for the year is positive. It also announced its top-level succession plan, which will see Teri McKibbon, its president and operating chief, become president and chief executive in June. John M. Beck will become executive chairman.