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Stantec, Inc. (NYSE: STN) is a global leader in sustainable engineering, architecture, and environmental consulting. With over 15,000 specialists in more than 250 locations, Stantec operates across three major regions: Canada, the United States, and globally. The company offers comprehensive services throughout the project lifecycle, including planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics.
Founded in 1954, Stantec has built a reputation for its local strength, deep industry knowledge, and world-class expertise. The company's commitment to community-centric design drives its projects, which range from buildings and infrastructure to energy and resource developments. Stantec's interdisciplinary approach allows it to deliver innovative solutions that enhance the quality of life in the communities it serves.
Recent achievements underscore Stantec's industry leadership. In 2023, the company reported record financial results, with net revenue increasing to $5.1 billion, driven by significant organic and acquisition growth. Stantec's acquisition of Morrison Hershfield, a renowned engineering and management firm, is set to bolster its market presence and expand capabilities in transportation, building engineering, and environmental services across Canada and the US.
Stantec is also at the forefront of the energy transition, providing integrated design services for Agratas' battery cell manufacturing facility in the UK, a pivotal project supporting the region's green energy goals and job creation. The company's focus on sustainable, high-performance design extends to various sectors, including advanced manufacturing, transit facilities, and industrial buildings.
Financially, Stantec continues to thrive, with strong operational performance reflected in its 2024 outlook. The company anticipates net revenue growth between 11% and 15%, driven by robust market demand and strategic acquisitions. Stantec's dedication to operational excellence ensures it remains well-positioned to address global challenges and deliver value to clients and stakeholders.
For the latest updates and news on Stantec's performance, projects, and events, visit the company's website or follow its social media channels. Stantec trades on the TSX and the NYSE under the symbol STN.
Stantec (TSX, NYSE:STN) has announced plans to acquire Barton Willmore, the UK’s leading planning and design consulting firm, with closure expected in early April 2022. Barton Willmore, founded in 1936, employs over 300 professionals and is involved in major projects across various sectors. This acquisition aims to enhance Stantec's project delivery capabilities and strengthen its presence in the UK market, where it will add over 2,500 team members. Financial terms of the deal were not disclosed.
Stantec, listed as TSX and NYSE:STN, reported robust financial results for Q4 and the fiscal year ending December 31, 2021. The company achieved a record annual net revenue of $3.6 billion, a 2.6% increase year-over-year, driven by acquisitions and strong performances in Canada and globally. Q4 earnings per share (EPS) reached $0.15, with adjusted diluted EPS of $0.57. Stantec expects 2022 net revenue growth between 18% and 22%, bolstered by a strong backlog of $5.1 billion and benefits from infrastructure stimulus spending. Adjusted EPS guidance for 2022 ranges from 22% to 26% growth.
Stantec has been selected by the Southern Nevada Water Authority for the US$125 million Stage II Reliability Upgrades Project, enhancing water access in the Las Vegas Valley. This project addresses water scarcity concerns heightened by a two-decade drought and Lake Mead's water shortage declaration. Stantec will design a new 90 MGD Flamingo Pumping Station and a pipeline to improve resilience and capacity. The initiative is part of a broader US$3.17 billion capital plan to fortify the regional water supply infrastructure.
Stantec has secured a five-year IDIQ contract worth US$45 million from the Bureau of Reclamation to deliver comprehensive engineering and architectural services. This initiative aligns with the US infrastructure bill, aiming to enhance water and power resources in the Western US. Stantec’s partnership with Reclamation, which serves over 31 million people, will focus on several projects, including dams, canals, and hydropower facilities. Having previously collaborated on over 190 projects, Stantec continues to emphasize its commitment to sustainable design.
Stantec will release its fourth quarter and full-year 2021 financial results on February 23, 2022, after market close. The following day, at 7:00 AM MT (9:00 AM ET), CEO Gord Johnston and CFO Theresa Jang will hold a conference call to discuss performance. Investors can access the webcast and presentation through the provided link and listen via telephone using the specified numbers. Stantec emphasizes their commitment to community-focused design and innovation. They trade under the symbol STN on the TSX and NYSE.
On January 19, 2022, Stantec (TSX, NYSE: STN) was recognized by Corporate Knights as the most sustainable company in its sector and ranked 17th overall globally. The ranking evaluated 6,914 companies, highlighting Stantec's leadership in sustainability, achieving the top position in the Professional, Scientific, and Technical Services group. Stantec has maintained a CDP 'Leadership' rating for four consecutive years and validated emissions reduction targets aligning with a 1.5°C warming limit. The firm's commitment to climate action reinforces its role in helping communities adapt to climate change.
Stantec has been appointed as the prime consultant for the new Queensway Health Centre in Toronto, Ontario, as part of Trillium Health Partners. This nine-story, 600,000-square-foot patient tower will enhance healthcare delivery with over 350 beds dedicated to complex care and rehabilitation services. The design prioritizes patient experience, offering natural light and outdoor spaces. Stantec is also managing minor renovations at the existing hospital and is involved in THP’s new Mississauga project, indicating significant growth in the healthcare sector and improved service access.
Stantec has acquired Cox|McLain Environmental Consulting, Inc. (CMEC), a 70-person firm specializing in environmental compliance and cultural resource services. This acquisition aligns with Stantec's sustainability focus and expands its Environmental Services practice. The deal enhances Stantec's expertise in energy, transportation, and cultural resources, especially in Texas and Oklahoma. CMEC has completed numerous critical projects, positioning Stantec for growth in the environmental sector. The transaction's financial terms remain undisclosed.
Stantec (TSX, NYSE: STN) has successfully completed its acquisition of Cardno's North America and Asia Pacific engineering and consulting groups for US$500 million. This strategic move enhances Stantec's market presence, particularly in Australia, substantially increasing its workforce by 2,750 employees. CEO Gord Johnston emphasized the growth opportunities in environmental services and U.S. stimulus spending as key benefits. Over 99% of Cardno shareholders approved the acquisition, indicating strong support from stakeholders.
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