Core Insights - Stantec has been recognized as the eighth most sustainable corporation globally and the top among its industry peers by Corporate Knights in their 2025 ranking [1] - The recognition reflects Stantec's commitment to sustainability, which is deeply embedded in its culture and strategy [2] Sustainability Achievements - In 2023, Stantec generated $3.9 billion, accounting for 61% of its gross revenue, from projects supporting the United Nations Sustainable Development Goals [3] - The company has committed to the MEP 2040 Challenge, aiming to significantly reduce carbon emissions from mechanical, electrical, and plumbing systems by 2040 [3] Recent Recognitions - Stantec was named one of Canada's Most Responsible Companies for 2025 by Newsweek in October 2024 [2] - The company was also included in TIME's list of the World's Most Sustainable Companies for 2024 [2] Company Overview - Stantec is a global leader in sustainable architecture, engineering, and environmental consulting, addressing challenges such as aging infrastructure and energy transition [4] - The company emphasizes community engagement, considering diverse perspectives to tackle critical issues like climate change and digital transformation [5] Operational Focus - Stantec employs a range of professionals, including designers, engineers, and project managers, to innovate and redefine possibilities in community development [6]

Core Insights - Stantec has been recognized as the eighth most sustainable corporation globally and the top among its industry peers by Corporate Knights in their 2025 ranking [1][2] - The recognition is based on an assessment of over 6,000 publicly traded companies with revenues exceeding US$1 billion [1] Sustainability Achievements - In 2024, Stantec reported that $3.9 billion, or 61 percent, of its 2023 gross revenue was generated from projects aligned with the United Nations Sustainable Development Goals [3] - The company has committed to the MEP 2040 Challenge, aiming to significantly reduce carbon emissions from mechanical, electrical, and plumbing systems by 2040 [3] Recent Recognitions - Stantec was named one of Canada's Most Responsible Companies for 2025 by Newsweek in October 2024 [2] - The company was also included in TIME's list of the World's Most Sustainable Companies for 2024 [2] Company Overview - Stantec is a global leader in sustainable architecture, engineering, and environmental consulting, addressing challenges such as aging infrastructure and energy transition [4] - The company emphasizes the importance of community engagement and diverse perspectives in tackling critical issues like climate change and digital transformation [5]

Core Insights - Stantec has appointed Christopher Lopez and Rick Eng to its Board of Directors, effective January 1, 2025, enhancing its leadership team with extensive experience in finance, regulatory matters, and investment banking [4][8]. Group 1: Leadership Appointments - Christopher Lopez brings over 28 years of experience in the utility, power generation, and mining sectors across multiple countries, including Canada, the United States, and Australia. He has held senior leadership roles, including Chief Financial and Regulatory Officer at Hydro One Limited, and has significant expertise in mergers and acquisitions and clean energy finance [2][4]. - Rick Eng has nearly 30 years of experience in investment banking and private equity, focusing on mergers and acquisitions and capital markets. He previously served as a Managing Partner at Brookfield Asset Management, overseeing new investments and supporting portfolio companies [8][4]. Group 2: Company Overview - Stantec is recognized as a global leader in sustainable design and engineering, committed to addressing the world's greatest challenges, including climate change and infrastructure needs [3][9]. - The company emphasizes the importance of community engagement, recognizing that diverse perspectives drive innovation in critical issues such as digital transformation and future-proofing cities [6][9].

Group 1: Company Leadership - Christopher Lopez has been appointed to Stantec's Board of Directors, effective January 1, 2025, bringing over 28 years of experience in utility, power generation, and mining sectors [1][3] - Rick Eng has also been appointed to the Board, with nearly 30 years of experience in investment banking, private equity, and advisory roles, particularly in mergers and acquisitions [4][3] Group 2: Company Overview - Stantec is a global leader in sustainable architecture, engineering, and environmental consulting, focusing on managing aging infrastructure and the energy transition [2][5] - The company emphasizes innovation at the intersection of community, creativity, and client relationships to address critical issues like climate change and digital transformation [6][5] Group 3: Company Operations - Stantec operates on both the TSX and NYSE under the symbol STN, indicating its presence in major financial markets [7]

Core Insights - Stantec has been selected by the City of Toronto for Owner's Engineer/Technical Advisory Services for the F.G. Gardiner Expressway Rehabilitation Project Section 4, providing multidisciplinary engineering consulting services [1] - The Gardiner Expressway is a critical infrastructure with 140,000 vehicles using it daily, necessitating a multiyear rehabilitation due to age and heavy use [2][3] - The rehabilitation of Section 4 will involve replacing 2.2 kilometers of elevated roadway and is valued at C$24 million [3] Company Background - Stantec is a global leader in sustainable design and engineering, focusing on addressing significant challenges such as aging infrastructure and demographic changes [6] - The company has a longstanding relationship with the City of Toronto, having completed extensive work on the Gardiner Expressway since 1979 [4][5] - Stantec has been involved in several major transportation projects in the Greater Toronto Area, enhancing its reputation and expertise in the region [5] Project Details - Section 4 of the rehabilitation will include structural modifications, deck replacement, and repairs to structural steel girders, among other works [3] - The project is part of a multiyear Strategic Rehabilitation Plan initiated in 2019 to ensure the safe operation of the expressway [3] - Stantec's recent acquisition of Morrison Hershfield has doubled its transportation staff in Ontario, strengthening its capabilities for this project [1]

EDMONTON, Alberta, Dec. 11, 2024 (GLOBE NEWSWIRE) -- TSX, NYSE: STN Stantec Inc. (“Stantec”), a global leader in sustainable design and engineering, announced today that it has received approval from the Toronto Stock Exchange (the “TSX”) regarding the renewal of its Normal Course Issuer Bid (“NCIB”). Pursuant to the NCIB documentation filed with the TSX, Stantec may purchase up to 2,281,339 common shares of Stantec (“Common Shares”), representing approximately 2% of Stantec’s 114,066,995 issued and outstan ...

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]