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Stantec Inc. reports solid growth for the quarter and six months ended June 30, 2026. Q2 gross revenue rose to $2,228.0 million from $1,964.3 million, while net revenue increased to $1,780.6 million from $1,596.7 million, reflecting 13.4% gross and 11.5% net revenue growth. Q2 net income grew to $150.3 million (8.4% of net revenue) from $135.4 million, with diluted EPS up to $1.32 from $1.19. Adjusted EBITDA reached $332.9 million (18.7% margin) versus $284.4 million, and adjusted net income rose to $182.5 million.
Growth was supported by acquisitions and continued organic expansion, particularly in the Water, Buildings, Environmental Services, and Global operations. Backlog at June 30, 2026 was $9.24 billion, up $1.37 billion (17.5%) year over year and representing about 13 months of work, with strong organic contributions across regions. The company continued capital returns, declaring Q2 dividends of $0.245 per share (up from $0.225 in 2025) and repurchasing 1,667,292 shares for $175.9 million year to date. Leverage remained moderate, with net debt of $1,642.4 million and a net debt to adjusted EBITDA ratio of 1.3x, while working capital and the current ratio improved.
Stantec Inc. reported strong Q2 2026 performance with net revenue of $1.78 billion, up 11.5% year-over-year, driven by 7.1% acquisition growth and 3.7% organic growth, particularly in its Global and Water businesses. Adjusted EBITDA rose 17.1% to $332.9 million, expanding margin to 18.7%, while diluted EPS increased to $1.32 and adjusted EPS to $1.61, gains of 11.0% and 18.4%, respectively.
Year-to-date, net revenue reached $3.5 billion, up 10.3%, with adjusted EBITDA of $619.9 million and a 17.8% margin. Adjusted EPS grew 16.7% to $2.94. Contract backlog climbed to a record $9.24 billion, up 17.5% and representing about 13 months of work, supported by both acquisition and organic growth.
The company repurchased 1,667,292 shares for $175.9 million in the first half and maintained conservative leverage with net debt to adjusted EBITDA at 1.3x. Management reaffirmed 2026 guidance and narrowed its adjusted EBITDA margin target to 17.8%–18.3%, with adjusted EPS growth targeted at 15%–18%. Stantec also acquired Niche, a 200-person Australian consultancy, and declared a quarterly dividend of $0.245 per share.
Stantec Inc. reports that a joint venture with Johnson, Mirmiran and Thompson has been awarded a US$150 million contract by the U.S. Army Corps of Engineers, Charleston District, to design coastal storm risk management infrastructure on Charleston’s peninsula.
The team will design more than eight miles of integrated coastal infrastructure, including storm surge barriers, floodwalls, levees, pump stations, gate structures, and nature-based features such as living shorelines and oyster reefs, within a program totaling US$1.2 billion. The work is intended to enhance public safety and preserve Charleston’s historic character for over 40,000 residents. The company notes that statements about this and other initiatives are forward-looking and subject to risks and uncertainties.
Stantec Inc. has entered into Amending Agreement No. 3 dated June 18, 2026 to its second amended and restated credit agreement with Canadian Imperial Bank of Commerce as administrative agent and a syndicate of lenders. The agreement amends key terms of the company’s revolving and term credit facilities and related covenants.
The Revolving Credit Maturity Date is changed to June 18, 2031, Term Credit (Tranche B) now matures on June 18, 2029, and Term Credit (Tranche C) on June 18, 2031. Interest benchmark provisions are revised by deleting “Adjusted Term SOFR” and “Term SOFR Adjustment”, and updating the definition of “Term SOFR” to address Non-Standard Interest Periods using a SOFR Interpolated Rate and to apply a Floor when Term SOFR would otherwise fall below it.
The minimum Interest Coverage Ratio covenant is reduced from 3.00 to 2.75. The Leverage Ratio covenant requires leverage not exceeding 3.50 to 1.00, with a higher limit of 4.00 to 1.00 for specified quarters when the LTM Acquisition Amount for a Rolling Period exceeds a redacted Canadian dollar threshold. Schedules covering existing letters of credit, subsidiaries and employee matters are replaced, and multiple guarantor subsidiaries formally confirm their obligations under the amended credit structure.
Stantec Inc. filed a Form 6-K announcing timing for its upcoming second quarter 2026 financial disclosure. The company will release its Q2 2026 results after markets close on August 12, 2026. Management will then host a webcast and conference call on August 13, 2026 at 7:00 AM Mountain Time (9:00 AM Eastern Time) to discuss performance.
Participants are asked to pre-register for the conference call to receive dial-in details and a unique access code, and the call plus slideshow will be available through the Events and Presentations section of Stantec.com.
Stantec Inc. reports a planned leadership transition, with Gordon A. Johnston retiring as president and chief executive officer effective October 1, 2026. He will remain on the Board of Directors and become vice chair.
Susan Reisbord, currently chief operating officer for North America, has been appointed as the next president and chief executive officer, also effective October 1, 2026, and will join the Board on that date. She brings more than 30 years of industry experience, including prior service as CEO of Cardno Inc. and leadership of Stantec’s Environmental Services business. The company describes this change as the outcome of a long-standing, Board-led succession plan, emphasizing continuity in its leadership platform and ongoing focus on client relationships, project delivery, and operations.
Stantec Inc. announced a planned leadership transition, with Gord Johnston retiring as president and chief executive officer effective October 1. He will remain on the Board of Directors as vice chair, providing continuity of oversight.
Susan Reisbord, currently chief operating officer for North America, has been appointed the next president and CEO. She brings more than 30 years of industry experience, including prior service as CEO of Cardno before it was acquired by Stantec in 2021, and has led Stantec’s Environmental Services business and its largest geographic operating unit.
The company emphasizes that this change stems from a long-standing, Board-led succession plan, with client relationships, project delivery, and operational focus described as unchanged. Stantec highlights Johnston’s eight-and-a-half-year tenure as CEO as a period of global expansion, strategic refinement, and investment in people and capabilities.
Stantec Inc. filed a Form 6-K highlighting a new joint venture with Jacobs to support Greater Western Water’s five-year Infrastructure Planning and Delivery Program in western Melbourne, Australia. The team will plan, design, and help deliver critical water and sewer projects for a rapidly growing population.
The joint venture will provide engineering and advisory services for water and wastewater systems, treatment plants, dams, and related environmental assessments, while also helping set engineering standards. The program is intended to enhance climate resilience, support sustainable growth, and create social procurement and local employment opportunities.
Stantec Inc. reported the results of its 2026 annual meeting of shareholders held on May 14, 2026. Shareholders representing 83,408,932 shares, or 73.12% of outstanding common shares, were present in person or by proxy, indicating strong participation.
All nine director nominees were elected, with support generally above 95% and only one director receiving a lower, but still majority, level of support. Shareholders also reappointed PricewaterhouseCoopers LLP as auditor for 2026, with 99.16% of votes cast in favor.
In a non-binding advisory vote on executive compensation, shareholders approved Stantec’s approach to pay, with 74,553,552 votes (93.71%) in favor and 5,006,184 votes (6.29%) against. These outcomes signal broad shareholder support for the company’s board, governance choices, and compensation practices.
Stantec Inc. reported voting results from its annual general meeting of shareholders. A total of 83,408,932 shares, representing 73.12% of outstanding common shares, were voted in person or by proxy, indicating strong shareholder participation.
Shareholders elected all nine director nominees, with support generally above 95% and most candidates receiving more than 99% of votes cast in favour. PricewaterhouseCoopers LLP was reappointed as auditor for 2026, with 99.16% of votes in favour, and shareholders accepted Stantec’s approach to executive compensation, with 93.71% support on the advisory say-on-pay resolution.