Business
Stantec reports strong first quarter 2025 results, with 29% increase in adjusted earnings per share and record backlog of $7.9 billion
Highlights Record net revenue of $1.6 billion, an increase of 13.3% compared to Q1 2024 ...
About this update from Stantec Inc
[{"type":"text","content":"Stantec reports strong first quarter 2025 results, with 29% increase in adjusted earnings per share and record backlog of $7.9 billion\n\n\n\n\n Highlights\n \n\n\n\n Record net revenue of $1.6 billion, an increase of 13.3% compared to Q1 2024\n \n\n Adjusted EBITDA¹ increase of 19.1% to $252.3 million and adjusted EBITDA margin¹ of 16.2%, a 70 basis point increase over Q1 2024\n \n\n Diluted EPS of $0.88 and adjusted EPS¹ of $1.16, up 29.4% and 28.9%, respectively, compared to Q1 2024\n \n\n Confirms full-year guidance and achieved record backlog of $7.9 billion, up 12.8% over Q1 2024\n \n\n Acquired Ryan Hanley, a 150-person engineering and environmental consultancy firm in Ireland, strengthening Stantec’s offering in the Irish water sector\n \n\n Entered into a definitive purchase agreement to acquire Page, a 1,400-person US-based design, architecture and engineering firm. The acquisition will position Stantec to become the second largest architecture firm in the US.\n \n\n\n\n EDMONTON, Alberta and NEW YORK, May 14, 2025 (GLOBE NEWSWIRE) -- Stantec (TSX, NYSE:STN), a global leader in sustainable engineering, architecture and environmental consulting, released its first quarter 2025 results today showcasing continued strong demand and solid project execution.\n \n\n\n During the quarter, net revenue increased 13.3% year-over-year to $1.6 billion, primarily driven by 5.9% organic and 3.2% acquisition growth¹. The Company achieved organic growth in each of Stantec's regional and business operating units, most notably in Canada which achieved 12.2% organic growth. Adjusted EBITDA for the first quarter of 2025 increased 19.1% or $40.4 million, and adjusted EBITDA margin was 16.2%, up 70 basis points compared to the first quarter of 2024. Stantec delivered diluted earnings per share (EPS) of $0.88 and adjusted EPS of $1.16.\n \n\n “Stantec delivered solid first quarter results, supported by strong project execution and operational performance,” said Gord Johnston, President and CEO. “Amid a dynamic market environment, we remain confident in our outlook and reaffirm our 2025 guidance. With a record-high backlog of $7.9 billion and a robust pipeline of growth opportunities ahead of us, we are well-positioned to build on our momentum and deliver another record year for St...