Stantec Stock Price, News & Analysis

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.

Cadiz Inc. (NASDAQ: CDZI) has partnered with Stantec Inc. (NYSE: STN) to oversee the development and construction of the $800M Mojave Groundwater Bank project, set to be the Southwest's largest new water infrastructure project. The project will provide:

• 2.5 million acre-feet of new water supply
• 1 million acre-feet of underground storage capacity
• 350+ miles of pipeline network between Colorado River and California Aqueducts

Located at a 2,000 square mile watershed system base, the aquifer system currently holds 30-50 million acre-feet of groundwater. At the end of 2024, Cadiz announced a historic partnership with Native American Tribes to construct, own, and operate the project, marking the first large-scale water infrastructure project off tribal lands in U.S. history.

Stantec reported record earnings for 2024, with net revenue rising 15.8% to $5.9 billion. The company saw a 7.4% organic growth and 7.5% acquisition growth. Adjusted EBITDA increased by 18.0% to $980.3 million, with a margin of 16.7%. Adjusted diluted EPS rose by 20.4% to $4.42. Stantec achieved a record backlog of $7.8 billion, up 24.1% from 2023.

Q4 2024 highlights include a 19.0% increase in net revenue to $1.5 billion, with 9.3% organic growth. Adjusted EBITDA rose by 26.7% to $246.5 million, and adjusted diluted EPS increased by 35.4% to $1.11. Net income for the year grew by 14.2% to $361.5 million, and diluted EPS increased by 11.2% to $3.17.

For 2025, Stantec projects net revenue growth of 7% to 10% and adjusted EBITDA margin between 16.7% and 17.3%. The company expects adjusted EPS growth of 16% to 19%. A dividend of $0.225 per share was declared, a 7.1% increase, payable on April 15, 2025.

Stantec's strategic focus on project execution and operational excellence is anticipated to drive continued growth and margin expansion in 2025.

Stantec (TSX, NYSE:STN) and Drees & Sommer have been selected to provide design services for Silicon Box's new €3.2 billion semiconductor assembly and test facility in Northern Italy. Stantec will handle architecture for administration areas and infrastructure design, including permitting services.

The facility, located near Novara, Piedmont, is scheduled to begin operations in 2028 and will create approximately 1,600 jobs. This marks Silicon Box's first manufacturing expansion outside Singapore, replicating their flagship facility's advanced panel-level semiconductor packaging solutions.

The project aims to strengthen Europe's semiconductor supply chain and will serve as a catalyst for advanced manufacturing investments in Italy. The facility will support key initiatives including artificial intelligence, data centers, mobile technologies, and electric vehicles. Stantec's design will prioritize environmental standards in accordance with European Commission requirements.

Stantec (TSX,NYSE: STN), a global sustainable design and engineering leader, has scheduled the release of its fourth quarter and full-year 2024 financial results before markets open on Tuesday, February 25, 2025. The company will host a webcast and conference call on the same day at 2:30 PM Mountain Time (4:30 PM Eastern Time) to discuss its performance.

The event will feature presentations from Gord Johnston, president and CEO, and Vito Culmone, executive vice president and CFO. Participants interested in the Q&A session are required to pre-register for the conference call, after which they will receive dial-in details and a unique access code. The presentation will be broadcast live and available on Stantec's website under the Events and Presentations section.