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 (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.
Stantec (STN) has been ranked eighth overall and first among industry peers in Corporate Knights' 2025 100 Most Sustainable Corporations in the World. The recognition, announced at the World Economic Forum in Davos, Switzerland, evaluated over 6,000 publicly traded companies with revenue exceeding US$1 billion.
The company's sustainability achievements include generating $3.9 billion (61%) of its 2023 gross revenue from work supporting UN Sustainable Development Goals, as revealed in their 17th annual Sustainability Report. Stantec also committed to the MEP 2040 Challenge, aiming to reduce carbon emissions from building systems.
Recent accolades include listings on Newsweek's Canada's Most Responsible Companies for 2025 and TIME's World's Most Sustainable Companies for 2024. The company operates globally in sustainable architecture, engineering, and environmental consulting, focusing on addressing challenges like aging infrastructure, demographic changes, and energy transition.
Stantec (TSX, NYSE: STN) has announced two key appointments to its Board of Directors, effective January 1, 2025. Christopher Lopez, with 28 years of experience in utility, power generation, and mining sectors, joins with extensive financial and regulatory expertise from his role as Chief Financial and Regulatory Officer at Hydro One Rick Eng brings nearly 30 years of investment banking and private equity experience, notably as Managing Partner in Brookfield Asset Management's Infrastructure Group.
Lopez's background includes significant M&A experience and clean energy finance expertise from both Hydro One and TransAlta Eng's expertise spans mergers and acquisitions, capital markets, and strategic business planning, with over 17 years at Brookfield where he led new investments and supported portfolio companies in growth initiatives.
Stantec (TSX, NYSE:STN) has been selected by the City of Toronto for a C$24 million contract to provide Owner's Engineer/Technical Advisory Services for the Gardiner Expressway Rehabilitation Project Section 4. The project involves replacing 2.2 kilometers of elevated roadway from Grand Magazine Street to York Street, including 91 bridge spans and 5 on- and off-ramps.
The rehabilitation strategy encompasses structural modifications, deck replacement, steel girder repairs, and substructure rehabilitation. The project is part of a larger rehabilitation plan for the expressway, which serves 140,000 vehicles daily. This contract builds upon Stantec's previous work on other sections of the Gardiner Expressway and follows the company's recent acquisition of Morrison Hershfield, which doubled its transportation staff in Ontario.
Stantec (TSX, NYSE: STN) has received TSX approval to renew its Normal Course Issuer Bid (NCIB), allowing the purchase of up to 2,281,339 common shares (2% of outstanding shares) between December 13, 2024, and December 12, 2025. Daily purchases will be to 64,993 shares, excluding block purchases. In 2023, Stantec repurchased 129,036 shares at an average price of $77.25, totaling C$10 million. No shares were repurchased in 2024 as the company focused on acquisitions, including ZETCON Engineering, Morrison Hershfield, and Hydrock.
The company also renewed its automatic share purchase plan (ASPP) to facilitate share purchases during trading black-out periods. Stantec believes this strategy reflects its commitment to maintaining balance sheet strength while supporting growth, debt reduction, and dividend increases.
Stantec has been selected by Thames Water to provide services under their £400 million Asset, Capital, and Engineering Professional Services Framework. The company secured positions in five lots to deliver interdisciplinary engineering, environmental, and program management services during the AMP8 period (2025-2030).
The framework, which runs for an initial five-year period, will support Thames Water, which manages water and wastewater for over 16 million customers across London and the Thames Valley. Stantec will provide asset strategy, engineering design, environmental, and program management support across infrastructure and non-infrastructure projects.