Algonquin Power & Utilities Corp. reports Q1 net loss of $89.1M, revenue down 5% to $737.1M; new CEO Chris Huskilson appointed.
Algonquin Power & Utilities Corp. reported a Q1 net loss of $89.1 million, compared to a profit of $270.1 million in the previous year. The company's first-quarter revenue dropped 5% to $737.1 million, with adjusted profit per share declining to $0.14 from $0.17. The Board of Directors appointed Chris Huskilson as the company's Chief Executive Officer, succeeding his role as Interim CEO since August 2023.
May 10, 2024
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