Stantec reports strong first quarter 2025 results, with 29% increase in adjusted earnings per share and record backlog of $7.9 billion
Stantec (STN) reported strong Q1 2025 results with net revenue increasing 13.3% to $1.6 billion, driven by 5.9% organic and 3.2% acquisition growth. The company achieved a record backlog of $7.9 billion, up 12.8% year-over-year. Adjusted EBITDA grew 19.1% to $252.3 million, with margins improving to 16.2%. Diluted EPS rose 29.4% to $0.88, while adjusted EPS increased 28.9% to $1.16.
The company announced two strategic acquisitions: Page, a 1,400-person US-based design and architecture firm that will position Stantec as the second-largest architecture firm in the US, and Ryan Hanley, a 150-person engineering firm in Ireland. Stantec reaffirmed its 2025 guidance, projecting net revenue growth of 7-10% and adjusted EPS growth of 16-19%.
Stantec (STN) ha riportato risultati solidi nel primo trimestre 2025 con un fatturato netto in crescita del 13,3% a 1,6 miliardi di dollari, trainato da una crescita organica del 5,9% e acquisizioni per il 3,2%. L'azienda ha raggiunto un record di backlog pari a 7,9 miliardi di dollari, in aumento del 12,8% su base annua. L'EBITDA rettificato è cresciuto del 19,1% raggiungendo 252,3 milioni di dollari, con margini migliorati al 16,2%. L'utile per azione diluito è aumentato del 29,4% a 0,88 dollari, mentre l'utile per azione rettificato è salito del 28,9% a 1,16 dollari.
L'azienda ha annunciato due acquisizioni strategiche: Page, una società statunitense di design e architettura con 1.400 dipendenti che posizionerà Stantec come la seconda più grande società di architettura negli Stati Uniti, e Ryan Hanley, una società di ingegneria irlandese con 150 dipendenti. Stantec ha confermato le previsioni per il 2025, prevedendo una crescita del fatturato netto tra il 7 e il 10% e una crescita dell'utile per azione rettificato tra il 16 e il 19%.
Stantec (STN) reportó sólidos resultados en el primer trimestre de 2025 con un ingreso neto que aumentó un 13,3% hasta los 1,6 mil millones de dólares, impulsado por un crecimiento orgánico del 5,9% y adquisiciones del 3,2%. La compañía alcanzó un récord de cartera de pedidos de 7,9 mil millones de dólares, un 12,8% más que el año anterior. El EBITDA ajustado creció un 19,1% hasta 252,3 millones de dólares, con márgenes mejorados al 16,2%. Las ganancias diluidas por acción aumentaron un 29,4% hasta 0,88 dólares, mientras que las ganancias ajustadas por acción crecieron un 28,9% hasta 1,16 dólares.
La empresa anunció dos adquisiciones estratégicas: Page, una firma estadounidense de diseño y arquitectura con 1.400 empleados que posicionará a Stantec como la segunda firma de arquitectura más grande en EE.UU., y Ryan Hanley, una firma de ingeniería irlandesa con 150 empleados. Stantec reafirmó su guía para 2025, proyectando un crecimiento de ingresos netos del 7-10% y un crecimiento de ganancias ajustadas por acción del 16-19%.
Stantec (STN)는 2025년 1분기 강력한 실적을 보고했으며, 순매출이 13.3% 증가한 16억 달러를 기록했습니다. 이는 5.9%의 유기적 성장과 3.2%의 인수합병 성장에 힘입은 결과입니다. 회사는 전년 대비 12.8% 증가한 79억 달러의 기록적인 수주잔고를 달성했습니다. 조정 EBITDA는 19.1% 증가한 2억 5,230만 달러를 기록했으며, 마진은 16.2%로 개선되었습니다. 희석 주당순이익은 29.4% 증가한 0.88달러, 조정 주당순이익은 28.9% 증가한 1.16달러였습니다.
회사는 두 건의 전략적 인수를 발표했습니다: 미국에 본사를 둔 1,400명 규모의 디자인 및 건축 회사인 Page와 아일랜드의 150명 규모 엔지니어링 회사인 Ryan Hanley입니다. Page 인수로 Stantec은 미국에서 두 번째로 큰 건축 회사가 될 예정입니다. Stantec은 2025년 가이던스를 재확인하며 순매출 성장률 7-10%, 조정 주당순이익 성장률 16-19%를 전망했습니다.
Stantec (STN) a publié de solides résultats pour le premier trimestre 2025 avec un chiffre d'affaires net en hausse de 13,3 % à 1,6 milliard de dollars, porté par une croissance organique de 5,9 % et des acquisitions à hauteur de 3,2 %. L'entreprise a atteint un record de carnet de commandes de 7,9 milliards de dollars, en hausse de 12,8 % sur un an. L'EBITDA ajusté a progressé de 19,1 % pour atteindre 252,3 millions de dollars, avec une amélioration des marges à 16,2 %. Le bénéfice dilué par action a augmenté de 29,4 % à 0,88 dollar, tandis que le bénéfice par action ajusté a gagné 28,9 % pour atteindre 1,16 dollar.
L'entreprise a annoncé deux acquisitions stratégiques : Page, une société américaine de design et d'architecture de 1 400 employés qui positionnera Stantec comme la deuxième plus grande société d'architecture aux États-Unis, et Ryan Hanley, une société d'ingénierie irlandaise de 150 employés. Stantec a confirmé ses prévisions pour 2025, projetant une croissance du chiffre d'affaires net de 7 à 10 % et une croissance du bénéfice par action ajusté de 16 à 19 %.
Stantec (STN) meldete starke Ergebnisse für das erste Quartal 2025 mit einem Nettoumsatzanstieg von 13,3 % auf 1,6 Milliarden US-Dollar, getrieben durch 5,9 % organisches Wachstum und 3,2 % Wachstum durch Akquisitionen. Das Unternehmen erreichte einen Rekord-Auftragsbestand von 7,9 Milliarden US-Dollar, was einem Anstieg von 12,8 % im Jahresvergleich entspricht. Das bereinigte EBITDA stieg um 19,1 % auf 252,3 Millionen US-Dollar, wobei sich die Margen auf 16,2 % verbesserten. Das verwässerte Ergebnis je Aktie stieg um 29,4 % auf 0,88 US-Dollar, während das bereinigte Ergebnis je Aktie um 28,9 % auf 1,16 US-Dollar zunahm.
Das Unternehmen kündigte zwei strategische Übernahmen an: Page, ein US-amerikanisches Design- und Architekturbüro mit 1.400 Mitarbeitern, das Stantec zur zweitgrößten Architekturfirma in den USA machen wird, und Ryan Hanley, ein irisches Ingenieurbüro mit 150 Mitarbeitern. Stantec bestätigte seine Prognose für 2025 und erwartet ein Nettoumsatzwachstum von 7-10 % sowie ein bereinigtes Ergebnis je Aktie Wachstum von 16-19 %.
- Record net revenue of $1.6 billion, up 13.3% YoY
- Strong organic growth of 5.9% across all regional and business units
- Record backlog of $7.9 billion, up 12.8% YoY
- Adjusted EBITDA margin improved 70 basis points to 16.2%
- Strategic acquisition of Page to become second largest architecture firm in US
- Strong cash flow generation with 135.8% increase in operating cash flows
- Healthy balance sheet with net debt to adjusted EBITDA at 1.1x
- None.
Insights
Stantec delivered exceptional Q1 results with strong revenue growth, margin expansion, and strategic acquisitions positioning the company for sustained momentum.
Stantec's Q1 2025 results demonstrate impressive financial performance across all key metrics. The company reported record net revenue of
The standout metric is Stantec's adjusted EPS of
Profitability metrics show remarkable improvement, with adjusted EBITDA increasing
Stantec's record backlog of
The company's balance sheet remains strong with a net debt to adjusted EBITDA ratio of 1.1x, well within its target range of 1.0x to 2.0x. This positions Stantec with ample financial flexibility to fund its growth initiatives, including strategic acquisitions.
Speaking of acquisitions, Stantec has been active on the M&A front with two significant transactions: Ryan Hanley (150 employees) in Ireland, strengthening its water sector capabilities, and most notably, an agreement to acquire Page, a 1,400-person US-based architecture and engineering firm that will position Stantec as the second-largest architecture firm in the US.
Management has reaffirmed its 2025 guidance, projecting net revenue growth of
Highlights
- Record net revenue of
$1.6 billion , an increase of13.3% compared to Q1 2024 - Adjusted EBITDA¹ increase of
19.1% to$252.3 million and adjusted EBITDA margin¹ of16.2% , a 70 basis point increase over Q1 2024 - Diluted EPS of
$0.88 and adjusted EPS¹ of$1.16 , up29.4% and28.9% , respectively, compared to Q1 2024 - Confirms full-year guidance and achieved record backlog of
$7.9 billion , up12.8% over Q1 2024 - Acquired Ryan Hanley, a 150-person engineering and environmental consultancy firm in Ireland, strengthening Stantec’s offering in the Irish water sector
- Entered into a definitive purchase agreement to acquire Page, a 1,400-person US-based design, architecture and engineering firm. The acquisition will position Stantec to become the second largest architecture firm in the US.
EDMONTON, Alberta and NEW YORK, May 14, 2025 (GLOBE NEWSWIRE) -- Stantec (TSX, NYSE:STN), a global leader in sustainable engineering, architecture and environmental consulting, released its first quarter 2025 results today showcasing continued strong demand and solid project execution.
During the quarter, net revenue increased
“Stantec delivered solid first quarter results, supported by strong project execution and operational performance,” said Gord Johnston, President and CEO. “Amid a dynamic market environment, we remain confident in our outlook and reaffirm our 2025 guidance. With a record-high backlog of
Mr. Johnston continued, “We also started off the year strong on the M&A front, entering into a definitive agreement to acquire Page and with the acquisition of Ryan Hanley. Combined, these two firms will add more than 1,500 team members to Stantec and greatly contribute to the targets we set in our 2024-2026 Strategic Plan. We remain very optimistic and are well on track to successfully deliver this plan.”
In early April 2025, Stantec entered into a definitive purchase agreement to acquire all the issued and outstanding membership interests of Page, a 1,400-person architecture and engineering firm headquartered in Washington, DC. The acquisition will deepen Stantec’s expertise and resources in key growth areas such as advanced manufacturing, data centers, and healthcare, while adding new capabilities in cleanroom design and fabrication facilities. Stantec also acquired Ryan Hanley, a 150-person engineering and environmental consultancy firm in Ireland, expanding Stantec’s presence in the country.
2025 Outlook
Stantec reaffirms the following outlook for 2025:
| 2025 Annual Range | |
| Targets | |
| Net revenue growth | |
| Adjusted EBITDA as % of net revenue (note) | |
| Adjusted net income as % of net revenue (note) | above |
| Adjusted EPS growth (note) | |
| Adjusted ROIC (note) | above |
In setting Stantec's targets and guidance, the Company assumed an average value for the US dollar of
note: Adjusted EBITDA, adjusted net income, adjusted EPS, and adjusted ROIC are non-IFRS measures discussed in the Definitions section.
Stantec continues to expect to achieve net revenue growth of
Stantec continues to anticipate adjusted EBITDA margin will be in the range of
Overall, Stantec expects to drive adjusted net income to a margin of greater than
The above targets do not include any assumptions for additional acquisitions, including Page and Ryan Hanley, or the impact from share price movements subsequent to December 31, 2024 and the relative total shareholder return components on Stantec's share-based compensation programs.
Q1 2025 Financial Highlights
- Net revenue increased
13.3% or$182.9 million , to$1.6 billion , primarily driven by5.9% organic growth and3.2% acquisition growth, as well as from the positive impact of foreign exchange. Stantec achieved organic growth in all of its regional and business operating units, most notably in Canada with double-digit organic growth. - Project margin increased
13.6% or$101.0 million , to$843.5 million . As a percentage of net revenue, project margin increased by 10 basis points to54.3% , reflecting solid project execution. - Adjusted EBITDA increased
19.1% or$40.4 million , to$252.3 million . Adjusted EBITDA margin was16.2% , an increase of 70 basis points compared to Q1 2024. The quarter-over-quarter change in margin primarily reflects consistent project margins and lower administrative and marketing expenses as a percentage of net revenue, due in part to lower share-based compensation costs and discretionary spending. - Net income increased
29.8% or$23.0 million , to$100.1 million , and diluted EPS increased29.4% , or$0.20 , to$0.88 , mainly due to strong net revenue growth and overall lower costs as a percentage of net revenue. - Adjusted net income grew
28.9% or$29.8 million , to$132.8 million , achieving8.6% of net revenue—an increase of 110 basis points. Adjusted EPS increased28.9% or$0.26 , to$1.16 . - Contract backlog increased to
$7.9 billion at March 31, 2025, achieving12.8% overall growth year over year, which includes7.5% organic growth. Organic growth was achieved in all of Stantec's regional operating units. Contract backlog represents approximately 12 months of work. - Operating cash flows increased
$58.0 million or135.8% , with cash inflows of$100.7 million , reflecting continued strong cash flow generation, growth and strong operational performance. - DSO was 77 days, remaining within Stantec's target of 80 days.
- Net debt to adjusted EBITDA (on a trailing twelve-month basis) at March 31, 2025 was 1.1x, remaining within the Company's internal target range of 1.0x to 2.0x.
- On April 2, 2025, Stantec entered into a definitive purchase agreement to acquire all the issued and outstanding membership interests of Page. Page is a 1,400-person architecture and engineering firm headquartered in Washington, DC that strategically complements the Company's Buildings business and serves the advanced manufacturing, healthcare, mission critical, academic, civic, aviation, science and technology, and commercial markets.
- On April 8, 2025 Stantec acquired Ryan Hanley, a 150-person engineering and environmental consultancy firm in Ireland, bolstering Stantec's offering in the Irish water sector.
- On May 14, 2025, Stantec's Board of Directors declared a dividend of
$0.22 5 per share, payable on July 15, 2025, to shareholders of record on June 30, 2025.
Q1 2025 Financial Highlights
| For the quarter ended March 31, | ||||
| 2025 | 2024 | |||
| (In millions of Canadian dollars, except per share amounts and percentages) | $ | % of Net Revenue | $ | % of Net Revenue |
| Gross revenue | 1,923.6 | 123.9% | 1,721.4 | |
| Net revenue | 1,553.0 | 100.0% | 1,370.1 | |
| Direct payroll costs | 709.5 | 627.6 | ||
| Project margin | 843.5 | 54.3% | 742.5 | |
| Administrative and marketing expenses (note 1) | 612.0 | 545.9 | ||
| Depreciation of property and equipment | 17.6 | 15.8 | ||
| Depreciation of lease assets | 32.2 | 31.5 | ||
| Amortization of intangible assets | 28.7 | 31.0 | ||
| Net interest expense and other net finance expense | 21.4 | 24.2 | ||
| Other expense (income) | 1.6 | (5.3) | ( | |
| Income taxes (note 1) | 29.9 | 22.3 | ||
| Net income (note 1) | 100.1 | 6.4% | 77.1 | |
| Basic and diluted earnings per share (EPS) (note 1) | 0.88 | n/m | 0.68 | n/m |
| Adjusted EBITDA (note 2) | 252.3 | 16.2% | 211.9 | |
| Adjusted net income (note 2) | 132.8 | 8.6% | 103.0 | |
| Adjusted EPS (note 2) | 1.16 | n/m | 0.90 | n/m |
| Dividends declared per common share | 0.225 | n/m | 0.210 | n/m |
note 1: Results for the quarter ended March 31, 2024 have been retrospectively revised for the change in accounting policy related to the treatment of deferred payments from our historical acquisitions. Refer to the Critical Accounting Developments, Estimates, and Measurements section of the Q1 2025 MD&A further details.
note 2: Adjusted EBITDA, adjusted net income, and adjusted EPS are non-IFRS measures (discussed in the Definitions section of the Q1 2025 MD&A).
n/m = not meaningful
Net Revenue by Reportable Segment
| (In millions of Canadian dollars, except percentages) | Q1 2025 | Q1 2024 | Total Change | Change Due to Acquisitions | Change Due to Foreign Exchange | Change Due to Organic Growth | % of Organic Growth | |||||||
| Canada | 372.1 | 323.7 | 48.4 | 9.0 | n/a | 39.4 | ||||||||
| United States | 804.9 | 733.9 | 71.0 | 5.6 | 47.6 | 17.8 | ||||||||
| Global | 376.0 | 312.5 | 63.5 | 29.3 | 10.8 | 23.4 | ||||||||
| Total | 1,553.0 | 1,370.1 | 182.9 | 43.9 | 58.4 | 80.6 | ||||||||
| Percentage Growth |
Backlog
| (In millions of Canadian dollars, except percentages) | Mar 31, 2025 | Dec 31, 2024 | Total Change | Change Due to Acquisitions | Change Due to Foreign Exchange | Change Due to Organic Growth (Retraction) | % of Organic Growth (Retraction) | |||||||
| Canada | 1,753.1 | 1,687.1 | 66.0 | — | n/a | 66.0 | ||||||||
| United States | 4,802.1 | 4,722.6 | 79.5 | — | (20.5) | 100.0 | ||||||||
| Global | 1,376.7 | 1,414.2 | (37.5) | — | 29.5 | (67.0) | (4.7)% | |||||||
| Total | 7,931.9 | 7,823.9 | 108.0 | — | 9.0 | 99.0 | ||||||||
| Percentage Growth | —% |
Webcast & Conference Call
Stantec will host a live webcast and conference call on Thursday, May 15, 2025, at 7:00 AM Mountain Time (9:00 AM Eastern Time) to discuss the Company’s first quarter performance.
To listen to the webcast and view the slide presentation, please join here.
If you are an analyst and would like to participate in the Q&A, please register here.
The conference call and slideshow presentation will be broadcast live and archived in their entirety in the Investors section of Stantec.com.
About Stantec
Stantec empowers clients, people, and communities to rise to the world’s greatest challenges at a time when the world faces more unprecedented concerns than ever before.
We are a global leader in sustainable engineering, architecture, and environmental consulting. Our professionals deliver the expertise, technology, and innovation communities need to manage aging infrastructure, demographic and population changes, the energy transition, and more.
Today’s communities transcend geographic borders. At Stantec, community means everyone with an interest in the work that we do—from our project teams and industry colleagues to our clients and the people our work impacts. The diverse perspectives of our partners and interested parties drive us to think beyond what’s previously been done on critical issues like climate change, digital transformation, and future-proofing our cities and infrastructure.
We are designers, engineers, scientists, project managers, and strategic advisors. We innovate at the intersection of community, creativity, and client relationships to advance communities everywhere, so that together we can redefine what’s possible.
Stantec trades on the TSX and the NYSE under the symbol STN.
Cautionary Statements
Non-IFRS and Other Financial Measures
Stantec reports its financial results in accordance with IFRS. However, in this press release, the following non-IFRS and other financial measures are used by the Company: adjusted EBITDA, adjusted net income, adjusted earnings per share (EPS), adjusted return on invested capital (ROIC), free cash flow, net debt to adjusted EBITDA, days sales outstanding (DSO), margin (percentage of net revenue), organic growth (retraction), acquisition growth, and measures described as on a constant currency basis and the impact of foreign exchange or currency fluctuations, as well as measures and ratios calculated using these non-IFRS or other financial measures. Additional disclosure for these non-IFRS and other financial measures, incorporated by reference, is included in the Definitions of Non-IFRS and Other Financial Measures section of the Q1 2025 Management’s Discussion and Analysis, available on SEDAR+ at sedarplus.ca, EDGAR at sec.gov, and the Company’s website at Stantec.com and the reconciliation of Non-IFRS Financial Measures appended hereto.
These non-IFRS and other financial measures do not have a standardized meaning under IFRS and, therefore, may not be comparable similar measures presented by other issuers. Management believes that, in addition to conventional measures prepared in accordance with IFRS, these non-IFRS and other financial measures provide useful information to investors to assist them in understanding components of Stantec's financial results. These measures should not be considered in isolation or viewed as a substitute for the related financial information prepared in accordance with IFRS.
Forward-looking Statements
Certain statements contained in this news release constitute forward-looking statements. Forward-looking statements in this news release include, but are not limited to, (a) statements regarding the anticipated benefits and strategic positioning of Stantec after giving effect to the Page acquisition, and (b) Stantec's Outlook and Annual Targets for 2025 in their entirety, any projections related to revenue, adjusted EBITDA as a % of net revenue, adjusted net income as a % of net revenue, adjusted diluted EPS growth, adjusted ROIC, free cash flow to net income, net debt to adjusted EBITDA, effective tax rate, earnings patterns, and days sales outstanding. Any such statements represent the views of management only as of the date hereof and are presented for the purpose of assisting the Company’s shareholders in understanding Stantec’s operations, objectives, priorities, and anticipated financial performance as at and for the periods ended on the dates presented and may not be appropriate for other purposes. By their nature, forward-looking statements require management to make assumptions and are subject to inherent risks and uncertainties. Stantec's assumptions relating to the 2025 Outlook and Annual Targets are provided in the Company’s 2024 Annual Report.
Readers of this news release are cautioned not to place undue reliance on forward-looking statements since a number of factors could cause actual future results to differ materially from the expectations expressed in these forward-looking statements. These factors include, but are not limited to, the risk of the Page acquisition not completing, economic downturns, future pandemics or health crises that could adversely affect operations, reduced public or private sector capital spend, changing market conditions for Stantec’s services, and the risk that Stantec fails to capitalize on its strategic initiatives. Investors and the public should carefully consider these factors, other uncertainties, and potential events, as well as the inherent uncertainty of forward-looking statements, when relying on these statements to make decisions with respect to the Company.
Future outcomes relating to forward-looking statements may be influenced by many factors and material risks. For the three month period ended March 31, 2025, there has been no significant change in the risk factors from those described in Stantec's 2024 Annual Report. This report is accessible online by visiting EDGAR on the SEC website at sec.gov or by visiting the CSA website at sedar+.com or Stantec’s website, stantec.com. You may obtain a hard copy of the 2024 Annual Report free of charge from the investor contact noted below.
Investor Contact
Jess Nieukerk
Stantec Investor Relations
Ph: 403-569-5389
jess.nieukerk@stantec.com
To subscribe to Stantec’s email news alerts, please fill out the subscription form, which is also available on the Contact Information page of the Investors section at Stantec.com.
Design with community in mind
Attached to this news release are Stantec’s reconciliation of non-IFRS financial measures.
Reconciliation of Non-IFRS Financial Measures
| For the quarter ended March 31, | ||||
| (In millions of Canadian dollars, except per share amounts) | 2025 | 2024 | ||
| Net income (note 1) | 100.1 | 77.1 | ||
| Add back (deduct): | ||||
| Income taxes (note 1) | 29.9 | 22.3 | ||
| Net interest expense | 21.0 | 24.0 | ||
| Net (reversal) impairment of lease assets (note 2) | (0.1 | ) | 0.5 | |
| Depreciation and amortization | 78.5 | 78.3 | ||
| Unrealized loss (gain) on equity securities | 8.7 | (1.9 | ) | |
| Acquisition, integration, and restructuring costs (note 1,5,6) | 14.2 | 11.6 | ||
| Adjusted EBITDA | 252.3 | 211.9 | ||
| For the quarter ended March 31, | ||||
| (In millions of Canadian dollars, except per share amounts) | 2025 | 2024 | ||
| Net income (note 1) | 100.1 | 77.1 | ||
| Add back (deduct) after tax: | ||||
| Net (reversal) impairment of lease assets (note 2) | (0.1 | ) | 0.3 | |
| Amortization of intangible assets related to acquisitions (note 3) | 15.1 | 18.1 | ||
| Unrealized loss (gain) on equity securities (note 4) | 6.7 | (1.5 | ) | |
| Acquisition, integration, and restructuring costs (note 1,5,6) | 11.0 | 9.0 | ||
| Adjusted net income | 132.8 | 103.0 | ||
| Weighted average number of shares outstanding - diluted | 114,066,995 | 114,066,995 | ||
| Adjusted earnings per share | 1.16 | 0.90 | ||
See the Definitions section of the Q1 2025 MD&A for the discussion of non-IFRS and other financial measures used and additional reconciliations of non-IFRS financial measures.
note 1: Results for the quarter ended March 31, 2024 have been retrospectively revised for the change in accounting policy related to the treatment of deferred payments from historical acquisitions. Refer to the Critical Accounting Developments, Estimates, and Measurements section of the Q1 2025 MD&A for further details.
note 2: The net (reversal) impairment of lease assets includes onerous contracts associated with the impairment for the quarter ended March 31, 2025 of nil (2024 –
note 3: The add back of intangible amortization relates only to the amortization from intangible assets acquired through acquisitions and excludes the amortization of software purchased by Stantec. For the quarter ended March 31, 2025, this amount is net of tax of
note 4: For the quarter ended March 31, 2025, this amount is net of tax of
note 5: The add back of certain administrative and marketing costs and depreciation primarily related to acquisition and integration expenses associated with Stantec's acquisitions and restructuring costs. For the quarter ended March 31, 2025, this amount is net of tax of
note 6: Acquisition, integration, and restructuring cost include additional acquisition costs related to the change in accounting policy described in note 1 for the quarter ended March 31, 2025 of
______________________________
¹ Adjusted EPS, adjusted net income, adjusted EBITDA, and adjusted EBITDA margin are non-IFRS measures, and organic growth, acquisition growth and DSO are other financial measures (discussed in the Definitions section of the Q1 2025 MD&A).
FAQ
What were Stantec's (STN) key financial results for Q1 2025?
What is Stantec's revenue growth guidance for 2025?
How will the Page acquisition impact Stantec's market position?
What was Stantec's (STN) backlog as of Q1 2025?
What dividend did Stantec declare for Q1 2025?
