Stantec Inc (STN) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Stantec's second quarter 2026 results webcast and conference call. Leading the call today are Gord Johnston, President and Chief Executive Officer, and Vito Culmone, Executive Vice President and Chief Financial Officer. Stantec invites those dialing in to view the slide presentation, which is available in the investor section at stantec.com. Today's call is also webcast. Please be advised that if you have dialed in while also viewing the webcast, you should mute your computer as there's a delay between the call and the webcast. All information provided during this conference call is subject to the forward-looking statement qualifications set out on slide two, detailed in Stantec's management's discussion and analysis and incorporated in full for the purposes of today's call. unless otherwise noted, dollar amounts discussed in today's call are expressed in Canadian dollars and are generally rounded. With that, I'll turn the call over to Mr. Gordon Johnston. Please go ahead, sir. Good morning, everyone, and thank you for joining us today. Our second quarter financial results continue to showcase the strength of our business. Stantec's diversification across operating regions and across sectors has kept us on track to deliver on our financial targets for the year. In the second quarter, we grew our net revenue to $1.8 billion, up almost 12% compared to Q2 2025, driven by almost 4% organic and 7% acquisition growth. Organic growth was driven by double digit growth of approximately 13% in our global region. and our industry leading water business achieved close to 12% organic growth. Adjusted EBITDA increased over 17% and we achieved an adjusted EBITDA margin of 18.7%, a record for Q2 and this represents an increase of 90 basis points year over year. Adjusted E...