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Stock impact report

Stantec announces record 2023 earnings, dividend increase of 7.7%, and planned retirement of CFO Theresa Jang

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
2023 Highlights Net revenue of $5.1 billion in 2023, an increase of 13.7% over 2022Adjusted diluted EPS1 of $3.67, an increase of 17.3% over 2022Backlog of $6.3 billion, up 6.8% since December 31, 2022Ranked #9 of the most sustainable corporations in the world by Corporate Knights, first among peers EDMONTON, Alberta and NEW YORK, Feb. 28, 2024 (GLOBE NEWSWIRE) -- TSX, NYSE:STN Stantec, a global leader in sustainable design and engineering, today reported its results for the fourth quarter and year ended December 31, 2023. Stantec achieved record financial results and delivered another solid year of excellent performance in 2023. Net revenue increased $609 million to $5.1 billion, driven primarily by 9.9% organic growth1 and 1.5% acquisition growth1. Continued focus on strong project execution and operational excellence drove record adjusted EBITDA margin1 of 16.4%, diluted earnings per share (EPS) of $2.98, and adjusted diluted EPS of $3.67. In the fourth quarter of 202 Show less Read more
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