Welcome to our dedicated page for Stantec news (Ticker: STN), a resource for investors and traders seeking the latest updates and insights on Stantec stock.
Overview
Stantec Inc (STN) is a globally diversified firm renowned for its sustainable design, engineering, and environmental consulting expertise. With a history rooted in community engagement and regional strength since its inception in 1954, the company stands at the intersection of creativity, technical innovation, and strategic client relationships. Integrating a robust multidisciplinary approach, Stantec delivers professional consulting services across a wide spectrum of project life cycle phases, including planning, design, construction administration, commissioning, maintenance, decommissioning, and remediation.
Core Business Areas
Stantec organizes its comprehensive service offerings into five core business operating units:
- Infrastructure: Providing services that address transportation, civil engineering, and public works projects with a focus on designing and modernizing essential community assets.
- Water: Offering innovative solutions in water and wastewater management, including comprehensive studies in water resources planning and sustainable water infrastructure.
- Buildings: Delivering architectural design, engineering, and interior design services, enabling efficient utilization of built environments while emphasizing sustainable practices.
- Environmental Services: Combining environmental sciences, surveying, and strategic project management to ensure ecological best practices and regulatory compliance throughout project lifecycles.
- Energy & Resources: Empowering clients with insights and technical expertise in modernizing power delivery systems, enhancing renewable energy integration, and optimizing resource planning.
Business Model and Market Position
At its core, Stantec employs an integrated business model that leverages the combined strengths of over 15,000 professionals across more than 250 locations worldwide. This approach ensures that diverse perspectives and industry-specific expertise are brought to each project, allowing for tailored, community-centric solutions. The company generates revenue by delivering professional consulting services on a project-by-project basis, spanning multiple sectors and phases of development. Its business model includes direct client consulting, project management, and strategic advisory services that are implemented to improve urban infrastructure, support the energy transition, and modernize water and wastewater systems.
Operational Excellence and Industry Expertise
Stantec's operations are built on strong local connections and a deep understanding of regional challenges, supported by world-class expertise and international project experience. The firm’s detailed approach to project management involves:
- Comprehensive planning and feasibility studies, which underpin its ability to align complex projects with community needs.
- Innovative design solutions that integrate advanced technologies and sustainable practices.
- Rigorous technical execution and disciplined project management, ensuring delivery across diverse geological and infrastructural landscapes.
Throughout its operations, Stantec emphasizes clear communication, client collaboration, and adaptive execution methods to maintain quality and operational efficiency in a highly competitive market. This focus has enabled the company to secure multiple high-value master services agreements and capitalize on key infrastructure projects that reinforce its market position as an expert consultancy in sustainable architecture and engineering.
Community and Collaborative Approach
A defining feature of Stantec is its commitment to designing with community in mind. The firm actively engages with local stakeholders to ensure that its projects reflect the unique cultural, environmental, and economic contexts of the regions served. By promoting a collaborative culture that brings together engineers, architects, scientists, and project managers, Stantec not only solves technical challenges but also enhances the quality of life in communities worldwide.
Competitive Landscape
Operating in industries characterized by rapid technological advancements and evolving regulatory standards, Stantec differentiates itself through:
- Its multidisciplinary expertise that aligns local insights with globally proven solutions.
- Innovative project execution that integrates sustainable practices and advanced engineering methods.
- A commitment to comprehensive, end-to-end consulting services that cater to every stage of the project life cycle.
This strategic orientation not only solidifies its competitive stance but also reinforces its reputation among clients and investors as a trusted advisor in complex and critical infrastructure projects.
Industry Terminology and Expertise
The narrative around Stantec is enriched by industry-specific terminology that reflects its deep engagement with modern engineering and design challenges. Terms such as "sustainable design", "engineering consulting", and "environmental services" are not used superficially; rather, they encapsulate the company’s methodical approach to integrating sustainable practices in every aspect of project development and execution.
Summary
Stantec Inc exemplifies a mature and sophisticated business model that is both globally relevant and locally responsive. Its ability to connect deeply with communities, paired with advanced expertise in sustainable architecture and engineering, marks it as a critical player in addressing the evolving challenges of infrastructure development. Investors and industry stakeholders view Stantec as a balanced and comprehensive consultancy, where expert knowledge meets practical execution in every project undertaken. The firm remains focused on delivering projects that not only meet technical and regulatory standards but also foster lasting positive impacts in the communities they serve.
Stantec (TSX, NYSE: STN) has received TSX approval to renew its Normal Course Issuer Bid (NCIB), allowing the purchase of up to 2,281,339 common shares (2% of outstanding shares) between December 13, 2024, and December 12, 2025. Daily purchases will be to 64,993 shares, excluding block purchases. In 2023, Stantec repurchased 129,036 shares at an average price of $77.25, totaling C$10 million. No shares were repurchased in 2024 as the company focused on acquisitions, including ZETCON Engineering, Morrison Hershfield, and Hydrock.
The company also renewed its automatic share purchase plan (ASPP) to facilitate share purchases during trading black-out periods. Stantec believes this strategy reflects its commitment to maintaining balance sheet strength while supporting growth, debt reduction, and dividend increases.
Stantec has been selected by Thames Water to provide services under their £400 million Asset, Capital, and Engineering Professional Services Framework. The company secured positions in five lots to deliver interdisciplinary engineering, environmental, and program management services during the AMP8 period (2025-2030).
The framework, which runs for an initial five-year period, will support Thames Water, which manages water and wastewater for over 16 million customers across London and the Thames Valley. Stantec will provide asset strategy, engineering design, environmental, and program management support across infrastructure and non-infrastructure projects.
Stantec and partners have been awarded a $274.7 million contract by the U.S. General Services Administration for a new commercial inspection port in Douglas, Arizona. The project, funded by IIJA ($180.3M) and IRA ($92.2M), will increase commercial inspection capacity from 1 to 4 lanes and truck-inspection docks from 12 to 36. The new Douglas Commercial LPOE will be built on 80 acres and handle all commercial traffic, allowing the existing RHC LPOE to focus on noncommercial traffic. The all-electric port will feature sustainable design elements including solar panels and low-emission materials. Construction is scheduled from fall 2025 to fall 2028.
Stantec (STN) reported strong Q3 2024 results with record net revenue of $1.5 billion, up 15.8% year-over-year. The growth was driven by 7.8% acquisition and 6.5% organic net revenue growth. Adjusted EBITDA increased 13.8% to $274.6 million with an 18.0% margin. Adjusted diluted EPS grew 14.0% to $1.30. The company achieved a record backlog of $7.3 billion, up 15.9% since December 2023. Based on strong performance, Stantec raised its 2024 guidance, now expecting net revenue growth of 14.5-15.0% and adjusted diluted EPS growth of 16-18%.
Stantec (TSX,NYSE: STN), a global sustainable design and engineering company, has scheduled its third quarter 2024 financial results release for November 7, 2024, after market close. The company will host a webcast and conference call on November 8, 2024, at 7:00 AM Mountain Time (9:00 AM Eastern Time). CEO Gord Johnston and CFO Vito Culmone will discuss the company's performance. Participants interested in the Q&A session must pre-register for the conference call.
Stantec, a global leader in sustainable design and engineering (TSX, NYSE:STN), announced the passing of Dr. Patricia D. Galloway, a member of its Board of Directors, on September 26, 2024. Dr. Galloway joined Stantec's Board in May 2020 and served on the Corporate Governance and Compensation, and Sustainability and Safety committees.
With over 40 years of experience in energy and construction matters, Dr. Galloway was a renowned leader in civil engineering, gigaproject construction, and dispute resolution. She was also recognized as a trailblazer for inclusion, diversity, and equity, having served as the first female president of the American Society of Civil Engineers.
Both Doug Ammerman, Chair of Stantec's Board, and Gord Johnston, President and CEO, expressed their condolences and highlighted Dr. Galloway's valuable contributions to the company and the industry.
Stantec (TSX, NYSE:STN), a global leader in sustainable design and engineering, has been selected by the Los Angeles Department of Water & Power (LADWP) for a five-year master services agreement worth US$104 million. The firm will support LADWP's Power System Reliability Program (PSRP) to upgrade, expand, and modernize electrical infrastructure in greater Los Angeles, focusing on:
- Renewing aging infrastructure
- Driving the clean energy transition
- Providing power system and resource development services
- Conducting transmission planning studies and reliability assessments
- Offering consulting services for construction, maintenance, and safety
- Performing planning and feasibility studies for renewable resources
This agreement highlights Stantec's role in supporting utilities worldwide in modernizing electrical infrastructure and integrating renewable energy sources.
Stantec (NYSE:STN) reported strong Q2 2024 results with record net revenue of $1.5 billion, up 16.8% year-over-year. The company achieved 7.1% organic growth and 8.8% acquisition growth. Adjusted EBITDA increased 14.5% to $247.3 million with a 16.6% margin. Adjusted diluted EPS rose 13.1% to $1.12.
Highlights include:
- Water and Buildings businesses delivered double-digit organic growth
- US region saw 8.7% organic growth
- Backlog increased to $7.2 billion, up 13.4% since December 31, 2023
- Company revised 2024 guidance, narrowing adjusted EBITDA margin to 16.5%-16.9%
- Quarterly dividend declared at $0.21 per share
Stantec (TSX: STN), a global leader in sustainable engineering, architecture, and environmental consulting, celebrated its 30th anniversary of being listed on the Toronto Stock Exchange (TSX) by opening the market on August 7, 2024. Led by President and CEO Gord Johnston, the company's Board of Directors and executive team joined TSX's Chief Commercial Officer Rob Peterman for the ceremony.
With a 70-year history in design and engineering, Stantec has over 450 offices worldwide and is headquartered in Canada. The company focuses on addressing global challenges and redefining possibilities for clients and communities globally. Stantec's approach is driven by diverse perspectives, emphasizing innovation in critical areas such as climate change, digital transformation, and future-proofing cities and infrastructure.
Stantec trades on both the TSX and the New York Stock Exchange (NYSE) under the symbol STN.
Stantec (TSX, NYSE: STN), a global leader in sustainable design and engineering, has announced the release of its second quarter 2024 financial results. The results will be made public after market close on Wednesday, August 7, 2024. Following this, the company will host a webcast and conference call on Thursday, August 8, 2024, at 7:00 AM Mountain Time (9:00 AM Eastern Time).
President and CEO Gord Johnston, along with Executive VP and CFO Theresa Jang, will lead the discussion on the company's performance. Interested parties can access the webcast directly or participate in the Q&A session by pre-registering for the conference call. The presentation will also be available on Stantec's website in the Events and Presentations section.
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