Stantec Stock Price, News & Analysis

Stantec (TSX, NYSE: STN) has announced a private offering of $425 million senior unsecured notes due June 10, 2032. The notes will be issued at par with a fixed interest rate of 4.374% per annum, payable semi-annually starting December 10, 2025. The offering is expected to close around June 10, 2025. The notes have received a provisional BBB rating with a stable trend from DBRS Limited. Stantec plans to use the proceeds to repay existing debt and for general corporate purposes. The notes will rank pari passu with existing senior unsecured debt and are being offered privately in Canada under securities law exemptions. The notes will not be registered under U.S. Securities Act and cannot be offered or sold to U.S. persons.

Stantec (NYSE: STN), a global leader in sustainable engineering, architecture and environmental consulting, held its 2025 Annual Meeting of Shareholders with a strong turnout of 77.29% of outstanding common shares represented. All nine nominated directors were successfully elected to the Board with high approval rates, most receiving over 99% support. Notable results include:

The company's shareholders also approved key measures including: - Reappointment of PricewaterhouseCoopers LLP as auditor with 99.71% approval - Endorsement of executive compensation approach with 94.77% support

Stantec (STN) reported strong Q1 2025 results with net revenue increasing 13.3% to $1.6 billion, driven by 5.9% organic and 3.2% acquisition growth. The company achieved a record backlog of $7.9 billion, up 12.8% year-over-year. Adjusted EBITDA grew 19.1% to $252.3 million, with margins improving to 16.2%. Diluted EPS rose 29.4% to $0.88, while adjusted EPS increased 28.9% to $1.16.

The company announced two strategic acquisitions: Page, a 1,400-person US-based design and architecture firm that will position Stantec as the second-largest architecture firm in the US, and Ryan Hanley, a 150-person engineering firm in Ireland. Stantec reaffirmed its 2025 guidance, projecting net revenue growth of 7-10% and adjusted EPS growth of 16-19%.

Stantec (NYSE: STN) has been chosen by the City of Mississauga to lead the design and contract administration of the C$580 million Dundas Bus Rapid Transit (BRT) Mississauga East Corridor project. The project encompasses over 7 kilometers of BRT infrastructure with 8 stops, including dedicated median bus lanes and Intelligent Transportation Systems. The scope includes approximately 12,500 meters of watermain and 12,600 meters of wastewater main replacement. The project aims to enhance transit reliability, decrease travel time, and support Metrolinx's 2041 Regional Transportation Plan. The design will feature complete street principles with cycle tracks and sidewalks, while incorporating environmentally friendly practices to minimize carbon footprint.

Stantec has been chosen to design the largest PFAS treatment system in the Northwestern US for the City of Vancouver, Washington. The system will process up to 12.2 million gallons per day at Water Station 4, aiming to provide cleaner drinking water for over 270,000 residents.

The project responds to the EPA's 2024 requirement for public water utilities to reduce PFAS in drinking water by 2029. The City of Vancouver discovered the need for upgrades after initiating PFAS testing in 2023. The facility will treat a significant portion of Vancouver's annual water supply of 10.1 billion gallons.

Construction is scheduled to begin in October 2025 and complete in early 2028, well ahead of EPA's compliance deadline. The project is part of a larger national initiative, with PFAS treatment estimated to cost water utilities approximately $40 billion industry-wide.

Stantec (NYSE:STN) has released its 18th annual Sustainability Report, highlighting achievements for fiscal year 2024. The company generated $4.63 billion in revenue from work supporting UN Sustainable Development Goals, representing 62% of gross revenue.

Key milestones include achieving operational carbon neutrality for the third consecutive year, ranking eighth in Corporate Knights' Global 100 most sustainable corporations, and maintaining a CDP A- rating for climate-related progress for the seventh straight year.

The report showcases notable global projects including:

• Australia's first submerged artificial reef dive attraction
• Climate change adaptation at Canada's Brevoort Island Radar site
• Sustainable water management in Greater Manchester, UK
• Rural internet infrastructure development across Nevada, Oregon, and California
• Uruguay's Salto Grande Hydroelectric Plant modernization, increasing output potential by 200 gigawatt hours annually

Stantec (TSX,NYSE: STN) has announced key dates for its first quarter 2025 financial results and annual general meeting. The company will release Q1 2025 results after market close on Wednesday, May 14, 2025.

A webcast and conference call to discuss company performance will be held on Thursday, May 15, 2025, at 7:00 AM MT (9:00 AM ET), led by president and CEO Gord Johnston and CFO Vito Culmone. Pre-registration is required for Q&A participation.

The annual general meeting will take place on May 15, 2025, at 10:30 AM MT in a hybrid format, allowing shareholders to attend either in person at Stantec Tower in Edmonton or virtually via live webcast.

Stantec (TSX, NYSE:STN) has acquired Ryan Hanley, a 150-person Irish engineering and environmental consultancy with offices in Dublin, Galway, Cork, and Castlebar. The acquisition strengthens Stantec's presence in Ireland, particularly in the water sector.

Ryan Hanley and Stantec have been joint venture partners since 2020, supporting Uisce Éireann's €3.5 billion investment in asset delivery. The companies currently share office space in Dublin's city centre.

Ryan Hanley's expertise spans water, wastewater, flood risk management, structural engineering, environmental planning, and ecology. Notable projects include:

• Coolatee Integrated Constructed Wetlands for wastewater treatment
• Leixlip to Saggart Pipeline (€28 million water infrastructure project)
• O'Shaughnessy Bridge - a 48-metre-long pedestrian bridge
• River Deel Flood Relief Scheme in Crossmolina

Stantec (NYSE:STN) has signed a definitive agreement to acquire Page, a 1,400-person architecture and engineering firm headquartered in Washington, DC. The strategic acquisition will position Stantec as the second largest architecture firm in the US and strengthen its position as North America's largest integrated engineering and architecture firm.

The acquisition will expand Stantec's expertise in key growth areas including advanced manufacturing, data centers, and healthcare, while adding new capabilities in cleanroom design and fabrication facilities. With Page's integration, Stantec's US Buildings practice will grow by approximately 35% and its US employee headcount will expand to about 13,500 people.

Page, founded in 1898, operates across 20 cities in the US and Mexico. The company's portfolio includes notable projects such as the Indeed Tower in Austin, Terminal B at George Bush Intercontinental Airport, and the National Museum of African American History and Culture. The transaction will be funded through existing funds and credit facilities, with the company expecting to maintain its net debt to adjusted EBITDA ratio within 1.0x to 2.0x.