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 (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.
Stantec Inc., a global leader in sustainable design and engineering, announced the results of its 2024 Annual Meeting of Shareholders. The Meeting saw the retirement of long-standing director Bob Gomes and the election of nine new directors. The shareholders also reappointed PricewaterhouseCoopers LLP as the auditor for 2024 and accepted the company's approach to executive compensation. Stantec continues its commitment to designing with community in mind, aiming to advance the quality of life globally.
Stantec reported strong Q1 2024 results with 19% growth in diluted earnings per share and 23% growth in adjusted diluted earnings per share. Record net revenue of $1.4 billion, 11.5% increase over Q1 2023. Adjusted EBITDA margin of 15.5%, up 90 basis points. Adjusted diluted EPS of $0.90, up 23.3%. Record backlog of $7.0 billion, up 11.5% since Dec 31, 2023. Completed three acquisitions. Dividend of $0.21 per share declared. Reaffirmed 2024 annual targets.