LONDON, Dec. 05, 2024 (GLOBE NEWSWIRE) -- TSX, NYSE:STN Stantec, a global leader in sustainable design and engineering, has been selected by Thames Water to provide services for its Asset, Capital, and Engineering Professional Services Framework. The firm has been named as a supplier on five lots on the £400 million framework and will now provide the water company with a range of interdisciplinary engineering, environmental, and program management services throughout asset management period eight (AMP8), sp ...

DOUGLAS, Ariz. and EDMONTON, Alberta and NEW YORK, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Stantec, a global leader in design and engineering, along with design-build partners general contractor Hensel Phelps, and architect Jones Studio, have been awarded a US$274.7 million contract by the U.S. General Services Administration (GSA) for a new commercial inspection port along the Mexico border in Douglas, Arizona. The port will increase capacity and facilitate lawful trade and travel between the US and Mexico.  St ...

Stantec (STN) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.90 per share. This compares to earnings of $0.85 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.56%. A quarter ago, it was expected that this engineering firm would post earnings of $0.81 per share when it actually produced earnings of $0.82, delivering a surprise of 1.23%.Over the last four quarters, the company ha ...

Financial Performance - Gross revenue for Q3 2024 reached CAD 1,929.4 million, up from CAD 1,693.2 million in Q3 2023, representing an increase of 13.9%[6] - Net income for the period was CAD 103.2 million, compared to CAD 101.3 million in the same quarter last year, reflecting a growth of 1.9%[8] - Total comprehensive income for the period was CAD 113.9 million, down from CAD 138.0 million in the same quarter last year[8] - Earnings per share (EPS) for Q3 2024 was CAD 0.90, slightly down from CAD 0.91 in Q3 2023[6] - Total net revenue for the three quarters ended September 30, 2024, reached CAD 4,388.2 million, compared to CAD 3,824.0 million in 2023, reflecting a year-over-year increase of 14.8%[98] - Project margin for the quarter ended September 30, 2024, was CAD 828.1 million, up from CAD 721.1 million in the same quarter of 2023, indicating a growth of 14.8%[98] Assets and Liabilities - Total assets increased to CAD 6,939.5 million as of September 30, 2024, up from CAD 5,766.3 million at the end of 2023, marking a growth of 20.3%[2] - Total liabilities rose to CAD 4,206.2 million, compared to CAD 3,315.2 million at the end of 2023, an increase of 26.8%[2] - Long-term debt increased to CAD 1,475.8 million from CAD 974.2 million at the end of 2023, an increase of 51.6%[2] - Non-current assets as of September 30, 2024, totaled CAD 3,853.3 million, an increase from CAD 3,049.7 million as of December 31, 2023[99] Cash Flow and Investments - Total net cash flows from operating activities for the quarter were CAD 178.9 million, down from CAD 212.7 million in the previous year, a decrease of 15.9%[12] - Cash and cash equivalents decreased to CAD 262.5 million from CAD 352.9 million at the end of 2023, a decline of 25.6%[2] - Net cash flows used in investing activities totaled CAD 32.7 million for the quarter, a decrease from CAD 46.5 million in the previous year[12] - Business acquisitions net of cash acquired resulted in a cash outflow of CAD 555.0 million for the three quarters ended September 30, 2024, compared to CAD 75.6 million in the same period last year[12] Acquisitions - The Company acquired ZETCON Ingenieure GmbH for a total consideration of CAD 671.7 million, enhancing its Infrastructure operations[34] - The acquisition of Morrison Hershfield Group Inc. was completed for cash and notes payable, further strengthening the Company's operations in Canada and the United States[35] - Hydrock Holdings Limited was acquired for a total consideration of CAD 671.7 million, bolstering the Company's Energy & Resources and Infrastructure operations[36] - The fair value of identifiable net assets acquired from recent acquisitions was assessed at CAD 166.3 million, with goodwill arising from acquisitions totaling CAD 505.4 million[37] Employee and Compensation Costs - The total employee costs for the quarter ended September 30, 2024, were CAD 1,128.2 million, an increase from CAD 974.9 million in the same quarter of 2023[87] - The company recognized a net share-based compensation expense of CAD 30.1 million for the first three quarters of 2024, down from CAD 40.2 million in the same period last year[65] - Cash-settled share-based compensation decreased from CAD 95.5 million to CAD 70.7 million, a reduction of 26.0%[61] - The company granted 126,023 Performance Share Units (PSUs) at a fair value of CAD 13.9 million, compared to 177,897 units for CAD 15.7 million in the previous year[66] Financial Ratios and Metrics - The maximum amount of credit risk exposure was CAD 2,703.3 million as of September 30, 2024, up from CAD 2,407.3 million at December 31, 2023[77] - The unused capacity of credit facilities at September 30, 2024, was CAD 273.5 million, significantly down from CAD 732.7 million at December 31, 2023[83] - The days of revenue in trade receivables improved to 53 days as of September 30, 2024, from 59 days at December 31, 2023[80] - A 5% increase or decrease in equity prices at September 30, 2024, would impact the Company's net income by CAD 2.5 million[81] Other Financial Information - Interest paid for the quarter ended September 30, 2024, was CAD 24.1 million, compared to CAD 18.1 million in 2023, reflecting a 33.2% increase[94] - Income taxes paid, net of recoveries, for the three quarters ended September 30, 2024, were CAD 111.1 million, slightly up from CAD 109.5 million in 2023[94] - The average interest rate for revolving credit and term loan facilities decreased from 6.78% to 5.87%[53] - The total provisions increased from CAD 186.5 million to CAD 218.2 million, an increase of 17.0%[61] Dividends and Shareholder Returns - The company declared a dividend of CAD 0.21 per share on November 7, 2024, payable on January 15, 2025[103]

Q3 2024 Highlights Record net revenue of $1.5 billion, an increase of 15.8% compared to Q3 2023Adjusted EBITDA1 increase of 13.8% to $274.6 million and adjusted EBITDA margin1 of 18.0%Adjusted diluted EPS1 of $1.30, up 14.0% compared to Q3 2023Backlog of $7.3 billion, up 15.9% since December 31, 2023 EDMONTON, Alberta and NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Stantec (TSX, NYSE:STN), a global leader in sustainable design and engineering, released its third quarter 2024 results today which are underpi ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Stantec (STN) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on November 7. On ...

EDMONTON, Alberta, Oct. 25, 2024 (GLOBE NEWSWIRE) -- TSX,NYSE: STN Stantec, a global leader in sustainable design and engineering, will release its third quarter 2024 financial results after markets close on Thursday, November 7, 2024. On Friday, November 8, 2024, at 7:00 AM Mountain Time (9:00 AM Eastern Time), Gord Johnston, president and chief executive officer, and Vito Culmone, executive vice president and chief financial officer, will hold a webcast and conference call to discuss the Company’s perform ...

Company Announcement - Stantec announced the passing of Dr Patricia D Galloway, a member of its Board of Directors, on September 26, 2024 [1] - Dr Galloway had been a member of Stantec's Board of Directors since May 2020 and served on the Corporate Governance and Compensation, and Sustainability and Safety committees [2] Leadership and Legacy - Dr Galloway was a renowned leader in civil engineering, gigaproject construction, and dispute resolution with over 40 years of experience specializing in energy and construction matters [2] - She was the first female president of the American Society of Civil Engineers and a proud supporter of inclusion, diversity, and equity [3] Company Overview - Stantec is a global leader in sustainable architecture, engineering, and environmental consulting [4] - The company focuses on addressing challenges such as aging infrastructure, demographic changes, and the energy transition through expertise, technology, and innovation [4] - Stantec emphasizes community engagement and diverse perspectives to tackle critical issues like climate change, digital transformation, and future-proofing cities and infrastructure [5] Business Operations - Stantec operates at the intersection of community, creativity, and client relationships to advance communities globally [6] - The company trades on the TSX and NYSE under the symbol STN [6]

We Are Stantec (NYSE:STN) is something of a hidden gem in the Industrials sector. A company specializing in sustainable infrastructure and building projects, it has seen double-digit growth in revenue, earnings per share, and EBITDA over the past few years while increasing its dividend between 6% and 8% over that time. The forward P/E of 26x is lofty but should fall back to the company's historical averages if growth targets for 2025 and 2026 are met. I believe Stantec is positioned to thrive well into the ...

LOS ANGELES and EDMONTON, Alberta and NEW YORK, Aug. 15, 2024 (GLOBE NEWSWIRE) -- TSX, NYSE:STN Stantec, a global leader in sustainable design and engineering, has been selected by the Los Angeles Department of Water & Power (LADWP) for a new five-year master services agreements (MSA) to upgrade, expand, and modernize the electrical infrastructure in greater Los Angeles. The firm will support LADWP's Power System Reliability Program (PSRP) projects to renew aging infrastructure and assist LADWP in driving t ...