Canada · Delayed Price · Currency is CAD Stantec Earnings Call Transcripts
Fiscal Year 2026
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Q3 delivered 9.4% net revenue growth and higher adjusted earnings, with broad-based demand and improving project activity. FY 2026 revenue and profitability guidance rose, while backlog reached CAD 9.2B.
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Q2 2026 saw double-digit revenue and earnings growth, record margins, and a record backlog, driven by strong global and water business performance and successful acquisitions. Guidance for 2026 was raised, with robust organic growth expected across all regions and continued disciplined M&A activity.
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The AGM featured director elections, auditor reappointment, and approval of executive compensation, all passing by a large majority. Management addressed AI's impact, emphasizing its integration to enhance efficiency and margins.
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Q1 2026 saw over 9% net revenue growth, strong organic gains in water and energy, and record backlog. Adjusted EBITDA margin rose to 16.9%, with guidance reaffirmed for double-digit EPS and margin expansion in 2026. M&A remains a capital priority, with share buybacks also under consideration.
Fiscal Year 2025
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Delivered record 2025 results with net revenue up 11% and Adjusted EBITDA margin at 17.9%. Strong organic and acquisition growth, robust backlog, and a positive 2026 outlook with continued margin expansion and strategic M&A focus.
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Q3 saw double-digit revenue and EBITDA growth, record margins, and a 15% increase in backlog. Strong performance was driven by water, energy, and infrastructure sectors globally, with robust cash flow and a positive outlook for 2026.
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Q2 2025 saw 6.9% net revenue growth, 15% adjusted EBITDA growth, and 21% higher adjusted EPS, driven by strong organic performance and recent acquisitions. Guidance for 2025 was raised across revenue, margin, and EPS, with a robust backlog and active M&A pipeline.
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The AGM featured board introductions, director elections, and strong shareholder support for all proposals. Management addressed U.S. market uncertainties, reporting robust Q1 results and a positive outlook. Voting participation was high, with most resolutions passing by a large majority.
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Strong Q1 results with 13.3% net revenue growth, 19% adjusted EBITDA increase, and record backlog. Strategic acquisitions and robust performance in water, energy, and infrastructure support a positive outlook, with guidance maintained for 2025.
Fiscal Year 2024
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Record 2024 results with 15.8% revenue growth, strong margins, and a record $7.8B backlog. 2025 guidance calls for 7–10% net revenue growth and 16–19% EPS growth, supported by robust demand, a healthy M&A pipeline, and major project wins.
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Record Q3 results with net revenue up nearly 16% and strong double-digit organic growth in water and buildings. Backlog reached a record CAD 7.3 billion, and 2024 guidance was raised for revenue and EPS growth, supported by robust demand and a healthy M&A pipeline.
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Record Q2 net revenue and strong organic growth were driven by robust performance in water, buildings, and infrastructure, with all-time high backlog and positive outlook for 2024. Integration of recent acquisitions is progressing, and margin expansion is expected in 2025.