Stantec reports strong third quarter 2024 results, raises adjusted diluted EPS guidance and achieves record backlog of $7.3 billion
Stantec Inc (STN)
Last stantec inc earnings: 2/26 06:30 pm
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US:NYSE Investor Relations:
stantec.com/en/investors
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Source: GlobeNewswire
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 underpinned by continued strong demand and solid project execution. During the quarter, net revenue increased 15.8% year-over-year to $1.5 billion, primarily driven by 7.8% acquisition and 6.5% organic net revenue growth1. Organic growth was achieved in each of Stantec's regional and business operating units, with the exception of Energy & Resources. Double-digit organic growth was achieved in both the
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STN
News
- Stantec Inc. (NYSE: STN) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Stantec to provide engineering services for new commercial port of entry in Douglas, ArizonaGlobeNewswire
- Stantec Inc. (NYSE: STN) was upgraded by analysts at Canaccord Genuity Group Inc. from a "hold" rating to a "buy" rating.MarketBeat
- Stantec Inc. (NYSE: STN) was upgraded by analysts at Canaccord Genuity Group Inc. from a "hold" rating to a "buy" rating.MarketBeat
- Monday's analyst upgrades and downgrades for Nov. 11, 2024 [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
STN
Earnings
- 11/7/24 - Beat
STN
Sec Filings
- 11/13/24 - Form SC
- 11/13/24 - Form 6-K
- 11/12/24 - Form SCHEDULE
- STN's page on the SEC website