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 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%.
Stantec (TSX,NYSE: STN), a global sustainable design and engineering company, has scheduled its third quarter 2024 financial results release for November 7, 2024, after market close. The company will host a webcast and conference call on November 8, 2024, at 7:00 AM Mountain Time (9:00 AM Eastern Time). CEO Gord Johnston and CFO Vito Culmone will discuss the company's performance. Participants interested in the Q&A session must pre-register for the conference call.
Stantec, a global leader in sustainable design and engineering (TSX, NYSE:STN), announced the passing of Dr. Patricia D. Galloway, a member of its Board of Directors, on September 26, 2024. Dr. Galloway joined Stantec's Board in May 2020 and served on the Corporate Governance and Compensation, and Sustainability and Safety committees.
With over 40 years of experience in energy and construction matters, Dr. Galloway was a renowned leader in civil engineering, gigaproject construction, and dispute resolution. She was also recognized as a trailblazer for inclusion, diversity, and equity, having served as the first female president of the American Society of Civil Engineers.
Both Doug Ammerman, Chair of Stantec's Board, and Gord Johnston, President and CEO, expressed their condolences and highlighted Dr. Galloway's valuable contributions to the company and the industry.
Stantec (TSX, NYSE:STN), a global leader in sustainable design and engineering, has been selected by the Los Angeles Department of Water & Power (LADWP) for a five-year master services agreement worth US$104 million. The firm will support LADWP's Power System Reliability Program (PSRP) to upgrade, expand, and modernize electrical infrastructure in greater Los Angeles, focusing on:
- Renewing aging infrastructure
- Driving the clean energy transition
- Providing power system and resource development services
- Conducting transmission planning studies and reliability assessments
- Offering consulting services for construction, maintenance, and safety
- Performing planning and feasibility studies for renewable resources
This agreement highlights Stantec's role in supporting utilities worldwide in modernizing electrical infrastructure and integrating renewable energy sources.
Stantec (NYSE:STN) reported strong Q2 2024 results with record net revenue of $1.5 billion, up 16.8% year-over-year. The company achieved 7.1% organic growth and 8.8% acquisition growth. Adjusted EBITDA increased 14.5% to $247.3 million with a 16.6% margin. Adjusted diluted EPS rose 13.1% to $1.12.
Highlights include:
- Water and Buildings businesses delivered double-digit organic growth
- US region saw 8.7% organic growth
- Backlog increased to $7.2 billion, up 13.4% since December 31, 2023
- Company revised 2024 guidance, narrowing adjusted EBITDA margin to 16.5%-16.9%
- Quarterly dividend declared at $0.21 per share
Stantec (TSX: STN), a global leader in sustainable engineering, architecture, and environmental consulting, celebrated its 30th anniversary of being listed on the Toronto Stock Exchange (TSX) by opening the market on August 7, 2024. Led by President and CEO Gord Johnston, the company's Board of Directors and executive team joined TSX's Chief Commercial Officer Rob Peterman for the ceremony.
With a 70-year history in design and engineering, Stantec has over 450 offices worldwide and is headquartered in Canada. The company focuses on addressing global challenges and redefining possibilities for clients and communities globally. Stantec's approach is driven by diverse perspectives, emphasizing innovation in critical areas such as climate change, digital transformation, and future-proofing cities and infrastructure.
Stantec trades on both the TSX and the New York Stock Exchange (NYSE) under the symbol STN.
Stantec (TSX, NYSE: STN), a global leader in sustainable design and engineering, has announced the release of its second quarter 2024 financial results. The results will be made public after market close on Wednesday, August 7, 2024. Following this, the company will host a webcast and conference call on Thursday, August 8, 2024, at 7:00 AM Mountain Time (9:00 AM Eastern Time).
President and CEO Gord Johnston, along with Executive VP and CFO Theresa Jang, will lead the discussion on the company's performance. Interested parties can access the webcast directly or participate in the Q&A session by pre-registering for the conference call. The presentation will also be available on Stantec's website in the Events and Presentations section.
Stantec (TSX, NYSE: STN), a global leader in sustainable design and engineering, announced the appointment of Vito Culmone as the new executive vice president and chief financial officer, effective September 3, 2024. Culmone will succeed Theresa Jang, who is retiring, and brings over 35 years of financial leadership experience across various industries, including airlines, telecommunications, fleet management, and space technology. This decision follows a comprehensive search process. CEO Gord Johnston expressed confidence in Culmone’s ability to sustain Stantec's financial strength and drive strategic growth. Culmone is eager to contribute to Stantec's legacy and future success.
Stantec has been selected by the City of San Diego to provide program management and technical engineering services for Phase 2 of the Pure Water San Diego project. This multibillion-dollar potable reuse initiative aims to secure a locally controlled water supply by recycling water and reducing ocean discharges. Phase 2 involves constructing an advanced water treatment facility, water reclamation plant, pump stations, and pipelines. Stantec has been involved in the program since 2015, with Phase 1 expected to produce water by 2026. This project is anticipated to provide up to half of San Diego's drinking water through potable reuse.