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Stock impact report

Stantec reports strong second quarter 2024 results and backlog of $7.2 billion

Stantec Inc (STN) 
Last stantec inc earnings: 2/26 06:30 pm Check Earnings Report
US:NYSE Investor Relations: stantec.com/en/investors
Company Research Source: GlobeNewswire
Q2 2024 Highlights Record net revenue of $1.5 billion, an increase of 16.8% over Q2 2023Adjusted EBITDA1 increase of 14.5% to $247.3 million and adjusted EBITDA margin1 of 16.6%Adjusted diluted EPS1 of $1.12, up 13.1% over Q2 2023Backlog of $7.2 billion, up 13.4% since December 31, 2023 EDMONTON, Alberta and NEW YORK, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Stantec (TSX, NYSE:STN), a global leader in sustainable design and engineering, today reported its results for the three months ended June 30, 2024. Stantec delivered strong second quarter earnings driven by its diversified business model and solid project execution. Stantec generated record net revenue of $1.5 billion on the strength of 7.1% organic and 8.8% acquisition growth1. Stantec's Water business delivered double digit organic growth of 13.8%, as did Buildings with 13.6%. The Company's US region delivered 8.7% organic growth driven primarily by double digit growth in Water and Infrastructure, and high single digit growth i Show less Read more
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