Q3 2024 Highlights Record net revenue of $1.5 billion, an increase of 15.8% compared to Q3 2023Adjusted EBITDA1 increase of 13.8% to $274.6 million and adjusted EBITDA margin1 of 18.0%Adjusted diluted EPS1 of $1.30, up 14.0% compared to Q3 2023Backlog of $7.3 billion, up 15.9% since December 31, 2023 EDMONTON, Alberta and NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Stantec (TSX, NYSE:STN), a global leader in sustainable design and engineering, released its third quarter 2024 results today which are underpi ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Stantec (STN) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on November 7. On ...

EDMONTON, Alberta, Oct. 25, 2024 (GLOBE NEWSWIRE) -- TSX,NYSE: STN Stantec, a global leader in sustainable design and engineering, will release its third quarter 2024 financial results after markets close on Thursday, November 7, 2024. On Friday, November 8, 2024, at 7:00 AM Mountain Time (9:00 AM Eastern Time), Gord Johnston, president and chief executive officer, and Vito Culmone, executive vice president and chief financial officer, will hold a webcast and conference call to discuss the Company’s perform ...

Company Announcement - Stantec announced the passing of Dr Patricia D Galloway, a member of its Board of Directors, on September 26, 2024 [1] - Dr Galloway had been a member of Stantec's Board of Directors since May 2020 and served on the Corporate Governance and Compensation, and Sustainability and Safety committees [2] Leadership and Legacy - Dr Galloway was a renowned leader in civil engineering, gigaproject construction, and dispute resolution with over 40 years of experience specializing in energy and construction matters [2] - She was the first female president of the American Society of Civil Engineers and a proud supporter of inclusion, diversity, and equity [3] Company Overview - Stantec is a global leader in sustainable architecture, engineering, and environmental consulting [4] - The company focuses on addressing challenges such as aging infrastructure, demographic changes, and the energy transition through expertise, technology, and innovation [4] - Stantec emphasizes community engagement and diverse perspectives to tackle critical issues like climate change, digital transformation, and future-proofing cities and infrastructure [5] Business Operations - Stantec operates at the intersection of community, creativity, and client relationships to advance communities globally [6] - The company trades on the TSX and NYSE under the symbol STN [6]

We Are Stantec (NYSE:STN) is something of a hidden gem in the Industrials sector. A company specializing in sustainable infrastructure and building projects, it has seen double-digit growth in revenue, earnings per share, and EBITDA over the past few years while increasing its dividend between 6% and 8% over that time. The forward P/E of 26x is lofty but should fall back to the company's historical averages if growth targets for 2025 and 2026 are met. I believe Stantec is positioned to thrive well into the ...

LOS ANGELES and EDMONTON, Alberta and NEW YORK, Aug. 15, 2024 (GLOBE NEWSWIRE) -- TSX, NYSE:STN Stantec, a global leader in sustainable design and engineering, has been selected by the Los Angeles Department of Water & Power (LADWP) for a new five-year master services agreements (MSA) to upgrade, expand, and modernize the electrical infrastructure in greater Los Angeles. The firm will support LADWP's Power System Reliability Program (PSRP) projects to renew aging infrastructure and assist LADWP in driving t ...

Financial Data and Key Metrics Changes - Record net revenue for Q2 2024 reached CAD 1.5 billion, up almost 17% compared to Q2 2023, with 7% organic and 9% acquisition growth [8][12] - Adjusted EBITDA rose to CAD 247 million, up 14.5%, with a margin of 16.6% [9][12] - Adjusted diluted EPS increased 13% to CAD 1.12 [12] Business Line Data and Key Metrics Changes - Water and Buildings businesses both achieved double-digit organic growth, with Buildings' organic growth reaching almost 30% [10][11] - Infrastructure business saw enhanced activity related to aging infrastructure, particularly in the U.S. [7][10] - Energy and Resources experienced a slight retraction due to delays in new project ramp-ups, but backlogs are growing [10][11] Market Data and Key Metrics Changes - U.S. business delivered a 16% increase in net revenue, including 6% acquisition growth and 9% organic growth [9] - Canadian net revenue grew by 16%, with 11% acquisition growth and 5% organic growth [10] - Global operations generated a 19% increase in net revenue, with 14% from acquisitions and 6% from organic growth [11] Company Strategy and Development Direction - Stantec continues to focus on sustainability, being recognized as a top Canadian corporate citizen and included in Time Magazine's list of the World's Most Sustainable Companies [3] - The company is well-positioned for growth in the Water business, particularly in the UK, with significant contracts awarded [4][5] - Stantec is actively pursuing M&A opportunities, with a robust pipeline and no change in M&A philosophy despite management transitions [23][49] Management's Comments on Operating Environment and Future Outlook - Management remains confident in the growth outlook, reaffirming 2024 financial targets with expected net revenue growth of 12% to 15% [17][18] - The company anticipates mid to high single-digit organic growth driven by ongoing demand in Water and Buildings [18] - Management noted that the U.S. infrastructure funding remains strong, providing long-term tailwinds for growth [46] Other Important Information - The backlog at the end of Q2 stood at CAD 7.2 billion, the highest level ever, representing approximately 12 months of work [14] - A new Executive Vice President, Vito Culmone, will assume the CFO role, succeeding Theresa Jang [20] Q&A Session Summary Question: Capital allocation and M&A pipeline - Management is confident in continuing M&A discussions and has a full pipeline of opportunities, including larger transactions [23] Question: Margin progression in the second half of the year - Management expects the second half to be solid, with historical trends indicating stronger margins [24] Question: Feedback from private sector clients - No significant softening in private sector client approaches; healthcare and public sector projects remain strong [25] Question: Organic backlog development in the U.S. - Management sees strong pipeline opportunities and attributes backlog moderation to timing issues rather than a slowdown [28] Question: Real estate optimization strategy - The company is on track to reduce real estate by an additional 10% over three years, with a lease impairment charge taken in Q2 [29] Question: Claim provisions and margin expectations - The lower provisions were primarily in Q2 of last year, with expectations for normal margins moving forward [32][34] Question: U.S. backlog and election impact - No delays in project awards due to the election; steady activity from clients is observed [35] Question: Margin enhancement opportunities in 2025 - Management anticipates good opportunities for margin expansion in 2025 as integration work wraps up [65] Question: Opportunities in Europe through ZETCON - Focus is on Germany and Austria for future growth, with plans to solidify ZETCON's integration before pursuing further opportunities [67]

Second Quarter 2024 Results Presentation August 8, 2024 Q 2 2 0 2 4 Cautionary Statement This presentation contains non-IFRS and other financial measures and forward-looking statements, including a discussion of our business targets, expectations, and outlook. We caution readers not to place undue reliance on our forward- looking statements since a number of factors could cause actual future results to differ materially from the targets and expectations expressed. Non-IFRS and other financial measures do no ...

Stantec (STN) came out with quarterly earnings of $0.82 per share, beating the Zacks Consensus Estimate of $0.81 per share. This compares to earnings of $0.74 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 1.23%. A quarter ago, it was expected that this engineering firm would post earnings of $0.63 per share when it actually produced earnings of $0.67, delivering a surprise of 6.35%. Over the last four quarters, the company h ...

Q2 2024 Highlights Record net revenue of $1.5 billion, an increase of 16.8% over Q2 2023 Adjusted EBITDA1 increase of 14.5% to $247.3 million and adjusted EBITDA margin1 of 16.6% Adjusted diluted EPS1 of $1.12, up 13.1% over Q2 2023 Backlog of $7.2 billion, up 13.4% since December 31, 2023 EDMONTON, Alberta and NEW YORK, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Stantec (TSX, NYSE:STN), a global leader in sustainable design and engineering, today reported its results for the three months ended June 30, 2024. Stante ...