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.
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, a leader in sustainable design and engineering, will disclose its Q1 2023 financial results on May 10, 2023, after market close. A webcast and conference call to discuss performance will take place on May 11, 2023, at 7:00 AM MT. The call will be hosted by Gord Johnston, President and CEO, alongside Theresa Jang, Executive VP and CFO. Additionally, the company's Annual General Meeting of shareholders will be held on the same day at 10:30 AM MT. Registration for the conference call is recommended to participate in the Q&A session. The events and presentations section on Stantec's website will broadcast the meeting and offer further details.
Stantec, a leader in sustainable design and engineering, has released its 16th Annual Sustainability Report, highlighting significant strides in environmental, social, and governance (ESG) practices for 2022. Notably, 60% ($3.4 billion) of the company’s gross revenue is now aligned with the UN Sustainable Development Goals, up from 43% in 2019. The firm achieved operational carbon neutrality and formalized a climate change action strategy through its Climate Solutions Leadership team. Stantec is recognized for restoring over 40,000 acres of ecosystems and ranking as the seventh most sustainable corporation globally. Additional accolades include a fourth consecutive year on the Bloomberg Gender-Equality Index and being named a Top 50 STEM Workplace for Indigenous professionals.
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