Key Takeaways STN stock is up 39% YTD, far outperforming peers on strong global infrastructure demand. Q1 revenues grew 13.3% Y/Y, with EBITDA margin rising to 16.2% on high-margin projects and cost control. Analysts raised 2025-2026 earnings estimates, but STN's 26.74X forward P/E raises valuation concerns.Stantec Inc. (STN) has delivered an impressive 39% year-to-date gain, sharply outperforming the industry’s 6% decline. In contrast, U.S. peers have seen mixed results: Tetra Tech (TTEK) is down 9%, whi ...

Core Viewpoint - The National Industrial Corridor Development Corporation Limited (NICDC) has appointed Jacobs as a Knowledge Partner to develop and manage 12 industrial corridors in India, aiming to transform the country's industrial landscape and enhance manufacturing capabilities, economic growth, and global competitiveness [1][4]. Group 1: Project Overview - The project will establish greenfield industrial smart cities across 10 states and six major corridors, utilizing undeveloped land to meet future demand [2]. - These cities will include pre-built base infrastructure to facilitate industrial development and promote sustainable operations through "walk-to-work" concepts [2][4]. - The initiative is expected to attract investments of approximately $18 billion and generate around 1 million direct jobs and up to 3 million indirect jobs [4]. Group 2: Jacobs' Role - Under a three-year contract, Jacobs will provide comprehensive program management services, including planning, design review, budgeting, monitoring, evaluation, reporting, documentation, and stakeholder coordination [3]. - Jacobs has a strong history of delivering significant projects in India, including the Aurangabad Industrial City and Smart City Masterplans for greenfield developments [5]. Group 3: Strategic Importance - The project emphasizes integrated development, sustainable infrastructure, and seamless connectivity, incorporating information and communication technologies to minimize environmental impact [4]. - Jacobs' involvement is seen as a continuation of its longstanding partnership with NICDC, leveraging decades of program management experience to support India's industrial transformation [4].