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Stock impact report

Stantec Inc (STN) Q4 2024 Earnings Call Highlights: Record Revenue and Strategic Growth Amid ... [Yahoo! Finance]

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: Yahoo! Finance
Positive Points Stantec Inc ( NYSE:STN ) reported a record year in 2024 with net revenues of $5.9 billion, up 15.8% from 2023. The company achieved double-digit organic growth in the US and high single-digit growth in Canada and globally in Q4 2024. Adjusted EBITDA grew by 18% to $980 million, with an enhanced margin of 16.7%, reflecting a 30 basis point increase. Stantec Inc ( NYSE:STN ) was recognized as one of the world's most sustainable companies, ranking 8th overall and 1st among industry peers. The company's backlog reached a record $7.8 billion, representing a 24.1% increase from December 2023, indicating strong demand for its services. Negative Points Organic backlog growth in the global segment was relatively flat, primarily due to timing issues in New Zealand and the UK. The company experienced high project burn rates on major water projects in New Zealand, affecting backlog conversion. While the US administration's commitment to economic growth is positi Show less Read more
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