Stantec Exceeds Expectations in Strong First Quarter

Stantec Inc. has kicked off 2025 on a high note, delivering impressive first quarter results that have left investors and analysts alike impressed. The company’s net revenue has surged by a remarkable 13.3%, reaching a record high, driven by both organic growth and strategic acquisitions. This significant increase is a testament to Stantec’s ability to adapt and thrive in a rapidly evolving market.

Key Highlights

• Net revenue increased by 13.3% to a record high
• Adjusted EBITDA rose by 19.1%, with margins improving to 16.2%
• Earnings per share saw a significant increase of 29.4%
• Adjusted earnings per share rose by 28.9%

The company’s strong financial performance is also reflected in its growing backlog, which has reached a record high of $7.9 billion, up 12.8% year-over-year. This substantial increase in backlog is a clear indication of Stantec’s strong future prospects and its ability to capitalize on emerging opportunities.

A Bright Outlook Ahead

Stantec has confirmed its full-year guidance, suggesting continued growth and success. This confidence in its future prospects is a reassuring sign for investors and stakeholders, who can expect the company to maintain its momentum in the coming months. With its strong financial performance and growing backlog, Stantec is well-positioned to capitalize on the opportunities presented by a rapidly evolving market.