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 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.
Stantec, a global leader in sustainable design and engineering, has acquired Hydrock, a UK integrated engineering design firm, expanding its UK workforce by over 30%. The acquisition aims to diversify expertise and bolster offerings in energy, buildings, and infrastructure markets. The transaction closed on April 30, with undisclosed terms. Hydrock's addition enhances Stantec's capabilities in fire safety, energy, sustainability, civil and structural, MEP, transport, environmental, and geotechnical services, aligning with both companies' commitment to sustainable operations and inclusive cultures.
Stantec, a global leader in sustainable design and engineering, has been selected by BC Hydro to provide transmission and distribution engineering services for the electrical infrastructure in British Columbia, Canada. The CAD$186-million master services agreement is part of BC Hydro's 10-year capital plan to modernize its electrical grid and provide clean, reliable energy to communities throughout British Columbia. Stantec will supply a range of engineering services, project management, and oversight for this initiative.
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