Stantec Sets New Benchmark for Growth

Stantec Inc. has cemented its position as a leader in the industry with a record-breaking year in 2024, marked by impressive revenue growth that has exceeded expectations. The company’s recent earnings call provided a clear indication that its strategic objectives are well within reach.

The company’s selection as the owner’s engineer for the Mojave Groundwater Bank Project, a high-profile water infrastructure project in the Southwest, is a testament to its expertise and capabilities. This prestigious appointment underscores Stantec’s ability to deliver complex projects on a large scale.

Awards and Recognition

• Stantec’s recent earnings call revealed a significant increase in revenue, exceeding expectations.
• The company has been selected as the owner’s engineer for the Mojave Groundwater Bank Project, a major water infrastructure project in the Southwest.

Future Outlook

Stantec has raised its dividend by 7% and has initiated its FY25 outlook, targeting 7-10% net revenue growth. This ambitious goal reflects the company’s confidence in its ability to drive growth and deliver value to its shareholders.

Market Performance

The company’s stock price has broken above its 200-day moving average, indicating a bullish trend. This development is a clear indication that investors are optimistic about Stantec’s prospects for the future.

Conclusion

Overall, Stantec’s performance suggests a positive outlook for the future. The company’s record-breaking year in 2024 has set a new benchmark for growth, and its selection as the owner’s engineer for the Mojave Groundwater Bank Project is a testament to its expertise and capabilities. With its ambitious FY25 outlook and bullish market performance, Stantec is well-positioned to continue driving growth and delivering value to its shareholders.