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.
News about Stantec Inc. (STN) focuses on its activities as a global provider of sustainable engineering, architecture, and environmental consulting services. Investors and observers following STN news can see how the company’s projects, contracts, and financial results reflect broader themes such as infrastructure renewal, water and wastewater investment, and the global energy transition.
Recent announcements highlight major project wins and long-term framework roles. For example, Stantec has been named a preferred bidder to act as a primary designer for the Scottish Water Enterprise, a multibillion-pound program to transform Scotland’s water and wastewater networks. The company also reports on its role in the European Commission’s Global Technical Assistance Facility for Sustainable Energy, where it provides technical assistance, policy and regulatory support, investment planning, and capacity building across multiple regions.
STN news coverage also includes quarterly earnings releases and outlook updates. These reports discuss net revenue growth, adjusted EBITDA margins, contract backlog, and management’s expectations for organic and acquisition-driven growth across its Canada, United States, and Global segments. Commentary from leadership often addresses demand trends in Water, Energy & Resources, Infrastructure, and Buildings, as well as the impact of acquisitions on the company’s service mix.
Corporate and capital markets updates appear in the news flow as well, such as the pricing and closing of senior unsecured notes offerings, changes to credit facilities, and results of the annual meeting of shareholders. Stantec also issues news about its Stantec Future Leaders Scholarship, which supports students in STEAM fields through scholarships and internships.
By monitoring this STN news page, readers can review a stream of press releases and related items covering project awards, strategic programs, financial performance, financing activities, governance decisions, and community and talent initiatives connected to Stantec’s global consulting business.
Stantec has been appointed to provide planning and design services for the new Mississauga Hospital, part of Trillium Health Partners' efforts to enhance healthcare facilities. This project aims to replace the existing hospital, increasing capacity to more than 950 beds and expanding the number of operating rooms from 14 to 23. The new facility will span 2.8 million square feet and be the largest hospital in Canada, equipped with advanced technology and improved emergency services, addressing the growing healthcare needs of the community.
Stantec (TSX, NYSE:STN) has announced plans to acquire Barton Willmore, the UK’s leading planning and design consulting firm, with closure expected in early April 2022. Barton Willmore, founded in 1936, employs over 300 professionals and is involved in major projects across various sectors. This acquisition aims to enhance Stantec's project delivery capabilities and strengthen its presence in the UK market, where it will add over 2,500 team members. Financial terms of the deal were not disclosed.
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Stantec, listed as TSX and NYSE:STN, reported robust financial results for Q4 and the fiscal year ending December 31, 2021. The company achieved a record annual net revenue of $3.6 billion, a 2.6% increase year-over-year, driven by acquisitions and strong performances in Canada and globally. Q4 earnings per share (EPS) reached $0.15, with adjusted diluted EPS of $0.57. Stantec expects 2022 net revenue growth between 18% and 22%, bolstered by a strong backlog of $5.1 billion and benefits from infrastructure stimulus spending. Adjusted EPS guidance for 2022 ranges from 22% to 26% growth.
Stantec has been selected by the Southern Nevada Water Authority for the US$125 million Stage II Reliability Upgrades Project, enhancing water access in the Las Vegas Valley. This project addresses water scarcity concerns heightened by a two-decade drought and Lake Mead's water shortage declaration. Stantec will design a new 90 MGD Flamingo Pumping Station and a pipeline to improve resilience and capacity. The initiative is part of a broader US$3.17 billion capital plan to fortify the regional water supply infrastructure.
Stantec has secured a five-year IDIQ contract worth US$45 million from the Bureau of Reclamation to deliver comprehensive engineering and architectural services. This initiative aligns with the US infrastructure bill, aiming to enhance water and power resources in the Western US. Stantec’s partnership with Reclamation, which serves over 31 million people, will focus on several projects, including dams, canals, and hydropower facilities. Having previously collaborated on over 190 projects, Stantec continues to emphasize its commitment to sustainable design.
Stantec will release its fourth quarter and full-year 2021 financial results on February 23, 2022, after market close. The following day, at 7:00 AM MT (9:00 AM ET), CEO Gord Johnston and CFO Theresa Jang will hold a conference call to discuss performance. Investors can access the webcast and presentation through the provided link and listen via telephone using the specified numbers. Stantec emphasizes their commitment to community-focused design and innovation. They trade under the symbol STN on the TSX and NYSE.
On January 19, 2022, Stantec (TSX, NYSE: STN) was recognized by Corporate Knights as the most sustainable company in its sector and ranked 17th overall globally. The ranking evaluated 6,914 companies, highlighting Stantec's leadership in sustainability, achieving the top position in the Professional, Scientific, and Technical Services group. Stantec has maintained a CDP 'Leadership' rating for four consecutive years and validated emissions reduction targets aligning with a 1.5°C warming limit. The firm's commitment to climate action reinforces its role in helping communities adapt to climate change.
Stantec has been appointed as the prime consultant for the new Queensway Health Centre in Toronto, Ontario, as part of Trillium Health Partners. This nine-story, 600,000-square-foot patient tower will enhance healthcare delivery with over 350 beds dedicated to complex care and rehabilitation services. The design prioritizes patient experience, offering natural light and outdoor spaces. Stantec is also managing minor renovations at the existing hospital and is involved in THP’s new Mississauga project, indicating significant growth in the healthcare sector and improved service access.
Stantec has acquired Cox|McLain Environmental Consulting, Inc. (CMEC), a 70-person firm specializing in environmental compliance and cultural resource services. This acquisition aligns with Stantec's sustainability focus and expands its Environmental Services practice. The deal enhances Stantec's expertise in energy, transportation, and cultural resources, especially in Texas and Oklahoma. CMEC has completed numerous critical projects, positioning Stantec for growth in the environmental sector. The transaction's financial terms remain undisclosed.