Stantec (STN)
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Stantec (STN) - 2022 Q4 - Earnings Call Transcript
2023-02-25 20:15
Gord Johnston Thanks, Theresa. At the end of 2022, we had $5.9 billion in backlog, an increase of 15% year-over-year, 10% organically, and which represents approximately 12 months of work. Our backlog does not yet include any meaningful contribution from U.S. stimulus spending, but we expect this to provide further tailwinds in 2023 and beyond. Yes. So a couple of things there. Certainly, you're right. Our primary asset is our people. And we want to ensure that there -- that all of our Stantec employees are ...
Stantec (STN) - 2022 Q4 - Annual Report
2023-02-22 22:00
Financial Performance - Stantec reported record net revenue of $4.5 billion in 2022, an increase of 22.6% compared to 2021, driven by 9.4% organic growth and 12.3% acquisition growth[2][10] - Adjusted diluted EPS for 2022 was $3.13, reflecting a 29.3% increase over 2021[7][10] - The company achieved a record adjusted EBITDA margin of 16.2% in 2022, with adjusted EBITDA increasing by 26.2% to $723.9 million[2][10] - Total net revenue for 2022 was CAD 4,457.2 million, representing a 22.6% increase from CAD 3,636.1 million in 2021[16] - Adjusted EBITDA for Q4 2022 was CAD 191.7 million, up from CAD 142.1 million in Q4 2021, reflecting a significant growth[32] - Adjusted net income for the year ended December 31, 2022, was CAD 347.1 million, compared to CAD 269.9 million in 2021, indicating a 28.7% increase[33] - The total revenue for Q4 2022 was CAD 1,130.4 million, a 23.4% increase from CAD 916.2 million in Q4 2021[17] Backlog and Future Growth - Stantec's contract backlog reached $5.9 billion, a 14.9% increase from December 31, 2021, indicating strong future revenue potential[7][10] - The company's backlog as of December 31, 2022, was CAD 5,901.7 million, a 14.9% increase from CAD 5,134.3 million in 2021[18] - For 2023, Stantec expects net revenue growth of 7% to 11%, with organic growth in the mid- to high-single digits[5][9] - The company anticipates continued strong growth in the US, driven by infrastructure investments and project opportunities from recent legislation[9] Earnings and Dividends - Adjusted diluted EPS growth for 2023 is projected to be between 9% and 13%[6][9] - The company declared a dividend of $0.195 per share, representing an 8.3% increase, payable on April 17, 2023[11] Operational Efficiency - Days sales outstanding (DSO) improved to 81 days at December 31, 2022, a 5-day reduction from Q3 2022[10] - Stantec's net debt to adjusted EBITDA ratio was 1.6x at the end of 2022, within the company's target range of 1.0x to 2.0x[10] Segment Performance - Organic growth in the United States segment for 2022 was 9.5%, contributing CAD 170.7 million to the total revenue growth[16] - The Canadian segment reported a total revenue of CAD 1,150.8 million in 2022, a 7.7% increase from CAD 1,068.5 million in 2021[16] - The global segment's revenue increased by 11.4% in 2022, reaching CAD 1,039.8 million, up from CAD 768.1 million in 2021[16] Future Outlook - The company plans to discuss its 2023 outlook and annual targets in a conference call scheduled for February 23, 2023[19]
Stantec (STN) - 2022 Q3 - Earnings Call Presentation
2022-11-11 18:05
() STR () Stantec Q3 2022 Earnings Presentation November 11, 2022 Idaho Central Credit Union Arena Moscow, Idaho, USA Q3 2022 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 expectatio ...
Stantec (STN) - 2022 Q3 - Earnings Call Transcript
2022-11-11 18:04
Stantec Inc. (NYSE:STN) Q3 2022 Earnings Conference Call November 11, 2022 9:00 AM ET Company Participants Gord Johnston - President and Chief Executive Officer Theresa Jang - Executive Vice President and Chief Financial Officer Conference Call Participants Yuri Lynk - Canaccord Genuity Devin Dodge - BMO Jacob Bout - CIBC Chris Murray - ATB Capital Markets Sabahat Khan - RBC Maxim Sytchev - National Bank Financial Benoit Poirier - Desjardins Michael Tupholme - TD Securities Ian Gillies – Stifel Operator Wel ...
Stantec (STN) - 2022 Q3 - Quarterly Report
2022-11-10 22:06
Exhibit 99.2 - Stantec Inc.'s Unaudited Interim Condensed Consolidated Financial Statements Interim Condensed Consolidated Statements of Financial Position (Unaudited) | | | September 30, 2022 | December 31, 2021 | | --- | --- | --- | --- | | (In millions of Canadian dollars) | Notes | $ | $ | | ASSETS | | | | | Current | | | | | Cash and deposits | | 138.7 | 193.9 | | Trade and other receivables | 5 | 973.8 | 823.7 | | Unbilled receivables | | 600.7 | 421.7 | | Contract assets | | 86.9 | 70.2 | | Income ta ...
Stantec (STN) - 2022 Q2 - Earnings Call Transcript
2022-08-11 18:04
Stantec Inc. (NYSE:STN) Q2 2022 Earnings Conference Call August 11, 2022 9:00 AM ET Company Participants Gord Johnston - President & Chief Executive Officer Theresa Jang - Executive Vice President & Chief Financial Officer Conference Call Participants Devin Dodge - BMO Capital Markets Jacob Bout - CIBC Chris Murray - ATB Capital Markets Michael Kypreos - Desjardins Capital Markets Mark Neville - Scotia Bank Bryan Fast - Raymond James Ian Gillies - Stifel Sabahat Khan - RBC Capital Markets Operator Welcome t ...
Stantec (STN) - 2022 Q2 - Earnings Call Presentation
2022-08-11 14:49
Financial Highlights - Net revenue increased by 23% to $11 billion[9] - Adjusted EBITDA increased by 27% to $187 million[9] - Adjusted EBITDA margin increased by 60bps to 167%[9] - Adjusted diluted EPS increased by 34% to $083[9] - Project margin increased to 540%[9] Regional Performance - United States: Achieved 92% organic growth[10] - Canada: Gross backlog $13 billion[11] - Global: Gross backlog $10 billion with 167% organic growth and 273% acquisition growth[12] Backlog and Growth - Record backlog with $35 billion[10],$13 billion[11],$10 billion[12] - Backlog grew 133% since December 31, 2021[47] - Organic backlog growth of 130%[47] Outlook - Net revenue growth target of 18% to 22%[55] - Adjusted EBITDA as % of net revenue target of 153% to 163%[56] - Adjusted diluted EPS expected to grow by 22% to 26%[60]
Stantec (STN) - 2022 Q2 - Quarterly Report
2022-08-10 21:07
Exhibit 99.2 - Stantec Inc.'s Unaudited Interim Condensed Consolidated Financial Statements Interim Condensed Consolidated Statements of Financial Position (Unaudited) | | | June 30, 2022 | December 31, 2021 | | --- | --- | --- | --- | | (In millions of Canadian dollars) | Notes | $ | $ | | ASSETS | | | | | Current | | | | | Cash and deposits | | 169.2 | 193.9 | | Trade and other receivables | 5 | 900.2 | 823.7 | | Unbilled receivables | | 525.1 | 421.7 | | Contract assets | | 80.9 | 70.2 | | Income taxes r ...
Stantec (STN) - 2022 Q1 - Earnings Call Presentation
2022-05-16 16:33
() STN Q1 2022 Earnings Presentation May 12, 2022 Q1 2022 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. Non-IFRS and other financial measures do not have a st ...
Stantec (STN) - 2022 Q1 - Earnings Call Transcript
2022-05-12 17:45
Stantec Inc. (NYSE:STN) Q1 2022 Earnings Conference Call May 12, 2022 9:00 AM ET Company Participants Gord Johnston – President and Chief Executive Officer Theresa Jang – Executive Vice President and Chief Financial Officer Conference Call Participants Jacob Bout – CIBC Frederic Bastien – Raymond James Devin Dodge – BMO Capital Markets Benoit Poirier – Desjardins Securities Chris Goolgasian – Wellington Blog Michael Tumpholme – TD Securities Sabahat Khan – RBC Capital Markets Ian Gillies – Stifel Maxim Sytc ...