Stantec Inc (STN) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Stantec's third quarter 2025 results webcasting conference call. Leading the call today are Gord Johnston, President and Chief Executive Officer, and Vito Camoni, Executive Vice President and Chief Financial Officer. Stantec invites those dialing in to view the slide presentation, which is available in the Investors 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 is a delay between the call and the webcast. All information provided during the conference call is subject to the forward-looking statement. Qualifications set out on slide two detailed in Stantec's Management Discussion and Annals 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 Gord Johnston. Good morning, everyone, and thank you for joining us today. I'm pleased to announce that Stantec delivered robust performance in the third quarter, generating organic growth across all our regions and business operating units. Global trends across water, transportation, energy transition and mission critical sectors continue to drive strong demand for our services. And our diversification across sectors and geographies creates resilience within our operations. Net revenue grew to $1.7 billion in the third quarter, an increase of almost 12% compared to Q3 of last year, driven by organic and acquisition growth, each over 5%. Most notably, our water business delivered almost 13% organic growth. Energy and resources delivered nearly 10%. We grew adjusted EBITDA by close to 18% year over year with a record margin of 19%....