Stantec (STN) Company Overview

EDMONTON, Alberta and NEW YORK, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Stantec, a worldwide leader in sustainable design and engineering, has been named one of the top 10 companies in Corporate Knights' 2025 list of the 100 Most Sustainable Corporations in the World, ranking eighth overall and first among its industry competitors. This announcement was made today at the World Economic Forum in Davos, Switzerland. The ranking is determined through a thorough evaluation of over 6,000 publicly traded companies that have more than US$1 billion in revenue.

The C$24 million contract strengthens the existing connections that Stantec and the recently acquired Morrison Hershfield have with the City of Toronto. This partnership highlights their ongoing collaboration with the city.

EDMONTON, Alberta, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Stantec Inc. (“Stantec”), a leading company in sustainable design and engineering, has announced that the Toronto Stock Exchange (the “TSX”) has approved the renewal of its Normal Course Issuer Bid (“NCIB”). According to the NCIB documents submitted to the TSX, Stantec can buy back up to 2,281,339 of its common shares, which is about 2% of the total 114,066,995 shares that were issued and outstanding as of December 2, 2024.

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) -- Stantec, a worldwide leader in sustainable design and engineering, will announce its financial results for the third quarter of 2024 after the market closes on Thursday, November 7, 2024. The following day, November 8, 2024, at 7:00 AM Mountain Time (9:00 AM Eastern Time), Gord Johnston, the president and CEO, along with Vito Culmone, the executive vice president and CFO, will host a webcast and conference call to review the company's performance.

EDMONTON, Alberta and NEW YORK, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Stantec, a worldwide leader in sustainable design and engineering, has announced the passing of Dr. Patricia D. Galloway, a member of its Board of Directors, on Thursday, September 26, 2024.

Stantec, a lesser-known company in the Industrials sector, has seen impressive growth in revenue, earnings per share, and EBITDA in recent years. Its varied business model and smart acquisitions have contributed to this success, with a project backlog reaching a record $7.2 billion by the second quarter of 2024. However, due to its high current valuation, analysts have given it a Hold rating despite its strong financial results and potential for future growth.

Stantec Inc. (NYSE:STN) will hold its Q2 2024 Earnings Conference Call on August 8, 2024, at 9:00 AM ET. The call will feature company leaders, including President and CEO Gord Johnston and CFO Theresa Jang, along with various participants from financial institutions. The operator welcomes everyone to the webcast and conference call for Stantec's second quarter results.