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.
Stantec Inc. reports news on its sustainable design, engineering, architecture, and environmental consulting business. Company updates commonly cover financial results, backlog and outlook, dividend actions, normal course issuer bids, and annual shareholder meeting materials.
Stantec news also includes multidisciplinary project awards and client selections across infrastructure, water and wastewater, energy transition, buildings, environmental services, and public-sector programs. Recurring themes include work tied to aging infrastructure, community development, sustainable energy, climate resilience, and regional activity in Canada, the United States, and global markets.
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.
Stantec and partners have been awarded a $274.7 million contract by the U.S. General Services Administration for a new commercial inspection port in Douglas, Arizona. The project, funded by IIJA ($180.3M) and IRA ($92.2M), will increase commercial inspection capacity from 1 to 4 lanes and truck-inspection docks from 12 to 36. The new Douglas Commercial LPOE will be built on 80 acres and handle all commercial traffic, allowing the existing RHC LPOE to focus on noncommercial traffic. The all-electric port will feature sustainable design elements including solar panels and low-emission materials. Construction is scheduled from fall 2025 to fall 2028.
Stantec (STN) reported strong Q3 2024 results with record net revenue of $1.5 billion, up 15.8% year-over-year. The growth was driven by 7.8% acquisition and 6.5% organic net revenue growth. Adjusted EBITDA increased 13.8% to $274.6 million with an 18.0% margin. Adjusted diluted EPS grew 14.0% to $1.30. The company achieved a record backlog of $7.3 billion, up 15.9% since December 2023. Based on strong performance, Stantec raised its 2024 guidance, now expecting net revenue growth of 14.5-15.0% and adjusted diluted EPS growth of 16-18%.