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 ...

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 ...

. . . Stantec Opens the Market to Celebrate 30th Listing Anniversary August 07, 2024 12:20 PM EDT | Source: Toronto Stock Exchange Toronto, Ontario--(Newsfile Corp. - August 7, 2024) - Gord Johnston, President and CEO, Stantec (TSX: STN) ("Stantec" or the "Company") along with its Board of Directors and executive team joined Rob Peterman, Chief Commercial Officer, Toronto Stock Exchange to celebrate the company's 30th anniversary of being listed on TSX and open the market. Cannot view this video? Visit: htt ...

Stantec, a global leader in sustainable design and engineering, will release its second quarter 2024 financial results after markets close on Wednesday, August 7, 2024. On Thursday, August 8, 2024, at 7:00 AM Mountain Time (9:00 AM Eastern Time), Gord Johnston, president and chief executive officer, and Theresa Jang, executive vice president and chief financial officer, will hold a webcast and conference call to discuss the Company's performance. Conference Call - Preregistration is recommended Investor Con ...

EDMONTON, Alberta and NEW YORK, July 02, 2024 (GLOBE NEWSWIRE) -- TSX, NYSE:STN Stantec, a global leader in sustainable design and engineering, announced today that Vito Culmone will join the Company in mid-July 2024 as its next executive vice president and chief financial officer. He will officially assume the CFO role on September 3, 2024. Mr. Culmone will succeed Theresa Jang, who previously announced her plan to retire. This announcement follows an extensive search and evaluation of highly qualified int ...

EDMONTON, Alberta and NEW YORK, July 02, 2024 (GLOBE NEWSWIRE) -- TSX, NYSE:STN Stantec, a global leader in sustainable design and engineering, announced today that Vito Culmone will join the Company in mid-July 2024 as its next executive vice president and chief financial officer. He will officially assume the CFO role on September 3, 2024. Mr. Culmone will succeed Theresa Jang, who previously announced her plan to retire. This announcement follows an extensive search and evaluation of highly qualified int ...

About this content Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The Canberra Times, an ...