Stantec, a global leader in sustainable design and engineering, will release its second quarter 2024 financial results after markets close on Wednesday, August 7, 2024. On Thursday, August 8, 2024, at 7:00 AM Mountain Time (9:00 AM Eastern Time), Gord Johnston, president and chief executive officer, and Theresa Jang, executive vice president and chief financial officer, will hold a webcast and conference call to discuss the Company's performance. Conference Call - Preregistration is recommended Investor Con ...

EDMONTON, Alberta and NEW YORK, July 02, 2024 (GLOBE NEWSWIRE) -- TSX, NYSE:STN Stantec, a global leader in sustainable design and engineering, announced today that Vito Culmone will join the Company in mid-July 2024 as its next executive vice president and chief financial officer. He will officially assume the CFO role on September 3, 2024. Mr. Culmone will succeed Theresa Jang, who previously announced her plan to retire. This announcement follows an extensive search and evaluation of highly qualified int ...

EDMONTON, Alberta and NEW YORK, July 02, 2024 (GLOBE NEWSWIRE) -- TSX, NYSE:STN Stantec, a global leader in sustainable design and engineering, announced today that Vito Culmone will join the Company in mid-July 2024 as its next executive vice president and chief financial officer. He will officially assume the CFO role on September 3, 2024. Mr. Culmone will succeed Theresa Jang, who previously announced her plan to retire. This announcement follows an extensive search and evaluation of highly qualified int ...

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EDMONTON, Alberta and NEW YORK and SAN DIEGO, June 26, 2024 (GLOBE NEWSWIRE) -- TSX, NYSE:STN Stantec, a global leader in sustainable design and engineering, along with its project partners, has been selected to provide program management and engineering technical services for Phase 2 of the City of San Diego's visionary Pure Water San Diego water reuse program. This phase of the program is a multibillion-dollar potable reuse initiative. Stantec and its project partners have been working on the program sinc ...

EDMONTON, Alberta and NEW YORK and SAN DIEGO, June 26, 2024 (GLOBE NEWSWIRE) -- TSX, NYSE:STN Stantec, a global leader in sustainable design and engineering, along with its project partners, has been selected to provide program management and engineering technical services for Phase 2 of the City of San Diego's visionary Pure Water San Diego water reuse program. This phase of the program is a multibillion-dollar potable reuse initiative. Stantec and its project partners have been working on the program sinc ...

r 19 I ty t T 1 Stantec (NYSE:STN) is a leading professional services firm providing a variety of services to the built environment. Cyclical tailwinds in the industry have driven the share price higher amid growing revenues and a large order book. With the forward PE now standing at 26x, I believe the time is appropriate to understand if Stantec is worthy of an investment at the current valuation. Acquisitions in Q1 have increased headcount by over 2,700 skilled workers in the first 4 months of 2024. Busin ...

Yes, thank you very much, and congratulation for the strong start of the year. In terms of M&A environment, obviously, quite positive. You've been able to add almost 2,700 people so far. So congrats. And obviously, in terms of size, it compares pretty well to Cardno, but is there any main difference when it comes to integrating these different acquisitions versus a big one like Cardno? And could you talk about whether there's any limit in terms of number of people you could integrate, let's say, over a year ...

e 2 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. Whitla Wind Energy Project Environmental Services Monitoring Bow Island, Alberta O Strong start to 2024. Q1 results reflect: • Su ...

Financial Performance - Gross revenue for Q1 2024 increased to CAD 1,721.4 million, up 11.8% from CAD 1,539.2 million in Q1 2023[3] - Net income for the period rose to CAD 79.4 million, a 22.6% increase compared to CAD 64.9 million in the same quarter last year[4] - Earnings per share (EPS) for Q1 2024 were CAD 0.70, up from CAD 0.59 in Q1 2023, reflecting a 18.6% increase[3] - Total comprehensive income for Q1 2024 was CAD 124.7 million, significantly higher than CAD 61.0 million in Q1 2023, indicating a growth of 104.6%[4] - Total employee costs for Q1 2024 increased to $1,043.3 million from $937.0 million in Q1 2023, representing an increase of 11.3%[13] - Total net interest expense rose to $24.2 million in Q1 2024, compared to $21.6 million in Q1 2023, marking an increase of 12.1%[72] Assets and Liabilities - Total assets increased to CAD 6,695.8 million as of March 31, 2024, compared to CAD 6,076.7 million at the end of 2023, marking a growth of 10.1%[1] - Total liabilities rose to CAD 3,838.4 million, up from CAD 3,320.1 million at the end of 2023, indicating a 15.6% increase[1] - The Company's long-term debt increased to $1,496.9 million as of March 31, 2024, from $1,129.0 million as of December 31, 2023, representing a growth of approximately 32.5%[31] - Non-current assets increased to $4,001.0 million as of March 31, 2024, from $3,360.1 million at the end of 2023, a rise of 19.0%[80] Cash Flow and Financing - Cash and cash equivalents decreased to CAD 199.5 million from CAD 352.9 million at the end of 2023, a decline of 43.3%[7] - Total cash flow from financing activities for Q1 2024 resulted in a net increase of $211.4 million[74] - The unused capacity of credit facilities was $454.8 million as of March 31, 2024, a decrease from $732.7 million at the end of 2023[66] - The average interest rate for the revolving credit facility and term loan facilities was 6.66% as of March 31, 2024, down from 6.78% as of December 31, 2023[33] Business Acquisitions - The company completed business acquisitions in Q1 2024, resulting in a net cash outflow of CAD 431.3 million[7] - The Company acquired ZETCON Ingenieure GmbH for a total consideration of $524.4 million, including cash consideration of $452.2 million and notes payable of $72.2 million[17] - The Company also acquired Morrison Hershfield Group Inc. for a total consideration of $524.4 million, with cash consideration of $452.2 million and notes payable of $72.2 million[19] - The Company acquired Hydrock Holdings Limited on April 30, 2024, enhancing its capabilities in the energy, buildings, and infrastructure markets[85] Revenue Segments - Infrastructure services generated $463.2 million in gross revenue for Q1 2024, up from $412.5 million in Q1 2023, an increase of 12.3%[82] - The United States segment reported gross revenue of $985.4 million in Q1 2024, compared to $844.5 million in Q1 2023, reflecting a growth of 16.7%[79] - Gross revenue earned from acquisitions since the acquisition date was $54.4 million[22] Expenses and Provisions - Administrative and marketing expenses increased to CAD 542.9 million, up from CAD 488.3 million in Q1 2023, representing an increase of 11.2%[3] - As of March 31, 2024, total provisions increased to $203.7 million from $186.5 million at the beginning of the year, with current period provisions contributing $15.8 million[42] - Cash-settled share-based compensation liabilities rose to $115.2 million as of March 31, 2024, compared to $95.5 million at December 31, 2023[43] - The company recognized a net share-based compensation expense of $16.2 million in Q1 2024, slightly up from $15.6 million in Q1 2023[47] - The accrued obligations for Performance Share Units (PSUs) increased to $62.9 million from $51.5 million at the end of 2023[48] Risk and Compliance - The company's maximum credit risk exposure was $2,377.8 million as of March 31, 2024, down from $2,407.3 million at December 31, 2023[59] - The Company was in compliance with all restrictive covenants related to its debt facilities as of March 31, 2024[34] Other Financial Metrics - The project margin for Q1 2024 was $742.5 million, compared to $660.0 million in Q1 2023, indicating a growth of 12.5%[79] - Trade receivables increased to $1,050.4 million as of March 31, 2024, compared to $1,016.1 million as of December 31, 2023, reflecting a growth of approximately 3.4%[27] - The days of revenue in trade receivables improved to 57 days as of March 31, 2024, from 59 days at the end of 2023[63] - A 5% change in equity prices would impact net income by $2.4 million as of March 31, 2024[64] - The company recorded foreign exchange gains of $47.5 million during Q1 2024, with $27.6 million related to goodwill[69] - The fair value of senior unsecured notes was $547.7 million as of March 31, 2024, compared to $547.6 million at December 31, 2023[56] - The Company declared a dividend of $0.21 per share on May 8, 2024, payable on July 15, 2024[86]