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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 (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.
Stantec (TSX, NYSE: STN), a global leader in sustainable design and engineering, announced the appointment of Vito Culmone as the new executive vice president and chief financial officer, effective September 3, 2024. Culmone will succeed Theresa Jang, who is retiring, and brings over 35 years of financial leadership experience across various industries, including airlines, telecommunications, fleet management, and space technology. This decision follows a comprehensive search process. CEO Gord Johnston expressed confidence in Culmone’s ability to sustain Stantec's financial strength and drive strategic growth. Culmone is eager to contribute to Stantec's legacy and future success.
Stantec has been selected by the City of San Diego to provide program management and technical engineering services for Phase 2 of the Pure Water San Diego project. This multibillion-dollar potable reuse initiative aims to secure a locally controlled water supply by recycling water and reducing ocean discharges. Phase 2 involves constructing an advanced water treatment facility, water reclamation plant, pump stations, and pipelines. Stantec has been involved in the program since 2015, with Phase 1 expected to produce water by 2026. This project is anticipated to provide up to half of San Diego's drinking water through potable reuse.
Stantec Inc., a global leader in sustainable design and engineering, announced the results of its 2024 Annual Meeting of Shareholders. The Meeting saw the retirement of long-standing director Bob Gomes and the election of nine new directors. The shareholders also reappointed PricewaterhouseCoopers LLP as the auditor for 2024 and accepted the company's approach to executive compensation. Stantec continues its commitment to designing with community in mind, aiming to advance the quality of life globally.
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