Stantec (STN) Stock

A recent report from the Centre for Economics and Business Research and Stantec indicates that the introduction of ultrafast full-fibre broadband by BT Group PLC's Openreach could increase the UK economy by £66 billion by 2029. This upgrade is anticipated to raise productivity, enhance public services, and help over 620,000 individuals, such as parents and older workers, rejoin the workforce.

In the third quarter of 2024, Stantec reported a record net revenue of $1.5 billion, which is a 15.8% rise from the same period in 2023. The adjusted EBITDA also grew by 13.8% to reach $274.6 million, with an adjusted EBITDA margin of 18.0%. Additionally, the company has a backlog of $7.3 billion, reflecting a 15.9% increase since the end of 2023.

EDMONTON, Alberta, Oct. 25, 2024 (GLOBE NEWSWIRE) -- TSX,NYSE: STN Stantec, a global leader in sustainable design and engineering, will release its third quarter 2024 financial results after markets close on Thursday, November 7, 2024. On Friday, November 8, 2024, at 7:00 AM Mountain Time (9:00 AM Eastern Time), Gord Johnston, president and chief executive officer, and Vito Culmone, executive vice president and chief financial officer, will hold a webcast and conference call to discuss the Company's performance.

EDMONTON, Alberta and NEW YORK, Oct. 03, 2024 (GLOBE NEWSWIRE) -- TSX, NYSE:STN Stantec, a global leader in sustainable design and engineering, announced that Dr. Patricia D. Galloway, a member of its Board of Directors, passed away on Thursday, September 26, 2024.

A hidden gem in the Industrials sector, Stantec has achieved double-digit growth in revenue, EPS, and EBITDA over the past several years. The company's diversified business model and strategic acquisitions have driven its growth, with a record project backlog of $7.2B as of Q2 2024. Despite its strong financial performance and forward growth potential, Stantec's current valuation is historically elevated, prompting a Hold rating.

Stantec Inc. (NYSE:STN ) Q2 2024 Earnings Conference Call August 8, 2024 9:00 AM ET Company Participants Gord Johnston - President and Chief Executive Officer Theresa Jang - Executive Vice President and Chief Financial Officer Conference Call Participants Sabahat Khan - RBC Capital Markets Devin Dodge - BMO Capital Markets Yuri Lynk - Canaccord Genuity Jacob Bout - CIBC World Markets Chris Murray - ATB Capital Markets Sean Jack - Raymond James Limited Benoit Poirier - Desjardins Maxim Sytchev - NBF Ian Gillies - Stifel Operator Good day, standing by. Welcome to Stantec's Second Quarter 2024 Results Webcast and Conference Call.

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.

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. Stantec delivered strong second quarter earnings driven by its diversified business model and solid project execution.

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?