Stantec Inc. (NYSE:STN) is one of the most promising stocks under $100 to buy. On March 4, Stantec announced that it had been selected to deliver the first phase of Canada’s Arctic Over-the-Horizon Radar (A-OTHR) project, providing critical long-range early-warning coverage for the country’s northern regions. Working under a collaborative integrated project delivery model, Stantec will provide multidisciplinary project management and design services. The company is part of a consortium where Aecon and Po ...

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Stantec (STN) closed the last trading session at $88.85, gaining 1.7% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $120.63 indicates a 35.8% upside potential.The average comprises 11 short-term price targets ranging from a low of $106.86 to a high of $129.94, with a standard deviation of $8.01. While the lowest estimate indicates an increase of 20.3% from the current price level ...

EDMONTON, Alberta and NEW YORK and TORONTO, March 04, 2026 (GLOBE NEWSWIRE) -- TSX, NYSE:STN Stantec, a global leader in sustainable design and engineering, will deliver the first phase of the Government of Canada’s Arctic Over-the-Horizon Radar (A-OTHR) project, providing long-range, early-warning radar coverage of the country’s northern regions. Defence Construction Canada selected Stantec and its consortium partners to execute the project under a collaborative integrated project delivery model, where Aec ...

Core Insights - Stantec Inc. reported a 10.7% increase in net revenue for 2025, reaching $6.5 billion, driven by 5.0% organic growth and 3.9% from strategic acquisitions [1] - The company achieved a record adjusted EBITDA of $1.1 billion, with a margin of 17.6%, surpassing its strategic target for 2024–2026 a year early [1] - Adjusted EPS increased nearly 20% to $5.30, indicating strong profitability [1] Financial Performance - Operating cash flows surged by 43.1% to $862.9 million, showcasing robust cash flow management [2] - The contract backlog reached a new high of $8.6 billion, equivalent to approximately 13 months of work, reflecting strong demand for services [2] - The company reduced its physical footprint by 11% compared to 2023, exceeding its real estate optimization goals [2] Future Outlook - Stantec targets net revenue growth between 8.5% and 11.5% for 2026, with an adjusted EBITDA margin expansion to a range of 17.6% to 18.2% [3] - The company anticipates strong demand in its Water, Energy & Resources, and Health Care segments, particularly in the US and Canada [3] Company Overview - Stantec Inc. provides professional services in infrastructure and facilities to both private and public sectors in Canada, the US, and internationally [4]

Financial Data and Key Metrics Changes - In 2025, Stantec achieved net revenue of CAD 6.5 billion, an increase of almost 11% compared to 2024, driven by 5% organic growth and 3.9% acquisition growth [4][5] - Adjusted EBITDA increased close to 17% year-over-year, with an adjusted EBITDA margin of 17.9%, a 90 basis point increase from the previous year [5][12] - Adjusted EPS for the year reached CAD 5.30, reflecting a growth of 19.9% compared to 2024 [12] Business Line Data and Key Metrics Changes - The buildings business saw net revenue increase over 30% in 2025, primarily due to the acquisition of Page and solid organic growth [5][6] - The water business achieved almost 11% organic growth, driven by large wastewater treatment projects [4][8] - Environmental services growth was primarily supported by the energy transition, mining, and infrastructure sectors [6][8] Market Data and Key Metrics Changes - In the U.S., net revenue increased by 13.5% in Q4, with 11.5% from acquisitions and just over 2% from organic growth [5][10] - Canadian net revenue grew 5.5% in Q4, driven entirely by organic growth, and over 8% for the full year [6][7] - The global business delivered net revenue growth of 11% for the year, with almost 6% organic and over 4% acquisition growth [8] Company Strategy and Development Direction - Stantec's strategy focuses on leveraging global trends in water, transportation, and energy transition sectors to drive demand for services [4][18] - The company aims to achieve net revenue growth of 8.5%-11.5% in 2026, with an adjusted EBITDA margin between 17.6%-18.2% [16] - Stantec continues to prioritize acquisitions that are value-accretive and align with its strategic portfolio [22][88] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustained demand across diverse sectors, driven by macro trends such as aging infrastructure and energy transition [18][24] - The company anticipates strong growth in the U.S. market, particularly in data centers and environmental services [19][52] - Management highlighted the importance of AI in enhancing operational efficiency and decision-making processes [24][25] Other Important Information - Stantec's contract backlog reached a record high of CAD 8.6 billion, a 9.5% increase year-over-year [14] - The company approved an 8.9% dividend increase, raising the annualized dividend to CAD 0.98 per share [13] - Stantec is actively exploring opportunities in the M&A space while maintaining a strong balance sheet [110] Q&A Session Summary Question: How does AI translate into revenue per employee utilization? - Management believes AI will enhance efficiency and drive higher net revenue per employee, similar to past technological advancements [31] Question: How long does it typically take for private companies to reset their valuation markers? - Management noted that the decline in public market multiples is a new phenomenon, and it may take time for private companies to adjust their expectations [33] Question: Where do you see more application for AI tools and capabilities? - AI is being utilized internally for efficiency and externally by engineers and architects to refine work products [47][49] Question: What is the outlook for the U.S. segment? - Management sees increased activity in the U.S. market, particularly in data centers and environmental services, with a positive outlook for 2026 [51][52] Question: How is the defense sector performing in Canada? - There is a renewed focus on defense projects, with significant work expected in the Arctic and other regions [60][62] Question: What are the expectations for margins moving forward? - Management expects continued improvement in margins driven by operational efficiency and project execution [71] Question: How is M&A strategy evolving with AI adoption? - While AI enhances operational efficiency, it does not fundamentally change the M&A strategy, which remains focused on core business verticals [87][88]

Stantec (NYSE:STN) Q4 2025 Earnings call February 26, 2026 09:00 AM ET Company ParticipantsChris Murray - Managing Director and Institutional ResearchFrederic Bastien - Head of Industrial ResearchGord Johnston - President and CEOKrista Friesen - Executive Director and Equity ResearchMaxim Sytchev - Managing Director and Research Industrial ProductsSabahat Khan - Managing Director and Global ResearchVito Culmone - EVP and CFOConference Call ParticipantsBenoit Poirier - VP and Industrial Products AnalystIan G ...

Financial Data and Key Metrics Changes - In 2025, Stantec achieved net revenue of CAD 6.5 billion, an increase of almost 11% compared to 2024, driven by 5% organic growth and 3.9% acquisition growth [3][4] - Adjusted EBITDA increased close to 17% year-over-year, with an adjusted EBITDA margin of 17.9%, a 90 basis point increase from the previous year [4][10] - Adjusted EPS for the year reached CAD 5.30, reflecting a growth of 19.9% compared to 2024 [10][11] - Operating cash flow increased by 43.1% year-over-year, from CAD 603 million to CAD 863 million [11][12] - The contract backlog reached a record high of CAD 8.6 billion, a 9.5% increase year-over-year [12][13] Business Line Data and Key Metrics Changes - The buildings business saw net revenue increase over 30% in 2025, primarily due to the acquisition of Page and solid organic growth [4][5] - The water business achieved almost 11% organic growth, driven by large wastewater treatment projects [3][5] - The energy and resources segment experienced 15% organic growth, supported by major industrial process projects [6][7] - Environmental services growth was driven by the energy transition, mining, and infrastructure sectors [5][6] Market Data and Key Metrics Changes - In the US, net revenue increased by 13.5% in Q4 2025, with 11.5% from acquisitions and just over 2% from organic growth [4][9] - Canadian net revenue grew 5.5% in Q4 2025, entirely from organic growth, and over 8% for the full year [5][6] - The global business delivered net revenue growth of 11% in Q4 2025, with over 6% organic growth [6][7] Company Strategy and Development Direction - Stantec's strategy focuses on leveraging macro trends such as aging infrastructure, defense spending, and energy transition to drive growth [16][21] - The company aims to continue expanding its high-value centers and optimizing digital strategies to enhance margins [14][21] - Stantec is committed to pursuing value-accretive acquisitions while maintaining a disciplined approach to M&A [21][22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustained demand across diverse sectors, with expectations for net revenue growth in 2026 to be between 8.5% and 11.5% [14][16] - The company anticipates continued strong performance in the water business and growth driven by public and private sector investments [19][20] - Management highlighted the importance of AI in enhancing operational efficiency and decision-making processes [22][24] Other Important Information - The board approved an 8.9% dividend increase, raising the annualized dividend to CAD 0.98 per share [12] - Stantec's UK water team was named a preferred bidder for a significant multi-billion pound project, indicating strong future growth potential in the UK market [20][21] Q&A Session Summary Question: How does AI translate into revenue per employee utilization? - Management believes AI will enhance efficiency and drive higher net revenue per employee, similar to past technological advancements [28][29] Question: How long does it typically take for private companies to reset their valuation markers? - Management noted that the decline in public market multiples is a new phenomenon, and it may take time for private companies to adjust their expectations [30][32] Question: Where do you see more application for AI tools in the future? - AI is being used internally for efficiency and externally to refine work products, with applications expected across all business lines [44][46] Question: What is the outlook for the US segment in 2026? - Management sees increased activity in the US, particularly in data centers and environmental services, with a positive outlook for 2026 [48][50] Question: How does the company view the potential for outcome-based pricing? - Management indicated that while there is interest in outcome-based pricing, significant industry-wide changes would be required to shift from time and materials pricing [90][92]

Q4 and Full Year 2025 Results Presentation February 26, 2026 Q4 & FULL YEAR 2025 RESULTS Cautionary statement This presentation contains non -IFRS and other financial measures and forward -looking statements, including a discussion of our business targets, expectations, and outlook. We caution readers not to place undue reliance on our forward - looking statements since a number of factors could cause actual future results to differ materially from the targets and expectations expressed. * Compared to 2024 ...

FEBRUARY 25, 2026 TABLE OF CONTENTS 70 Rainey Texas, United States 2 2025 STANTEC ANNUAL REPORT 3 Letter to Shareholders 4 Financial Highlights 6 About Stantec 7 Business Operating Units 8 Sustainability Leadership M-1 Management's Discussion and Analysis F-1 Financial Statements Annual Report MESSAGE FROM OUR CEO AND BOARD CHAIR Delivering record results and compounding growth into the future Douglas K. Ammerman Chair, Board of Directors Stantec achieved another record-setting year in 2025. Our work contin ...