From GlobeNewswire: 2025-05-14 17:02:00

Stantec reported a record net revenue of $1.6 billion in Q1 2025, a 13.3% increase from the previous year. Adjusted EBITDA increased by 19.1% to $252.3 million, with a margin of 16.2%. The company confirmed full-year guidance and achieved a record backlog of $7.9 billion. Stantec acquired Ryan Hanley and entered a definitive agreement to acquire Page, positioning itself as the second largest architecture firm in the US.

Stantec’s CEO, Gord Johnston, expressed confidence in the company’s performance, citing strong project execution and operational results. The company’s Q1 2025 financial highlights showed a 13.3% increase in net revenue, with organic growth in all regional and business units. Adjusted EPS was $1.16, reflecting a 28.9% increase from the previous year.

Stantec reaffirms its 2025 outlook, including a projected net revenue growth of 7% to 10%. The company expects adjusted EBITDA margin to be between 16.7% and 17.3% and aims for adjusted EPS growth of 16% to 19% compared to 2024. The targets exclude assumptions for additional acquisitions like Page and Ryan Hanley.

In Q1 2025, Stantec’s net revenue increased by 13.3% to $1.6 billion, driven by organic and acquisition growth. Project margin increased by 13.6%, and adjusted EBITDA rose by 19.1% to $252.3 million. Contract backlog grew to $7.9 billion, reflecting a 12.8% increase year over year. Stantec’s operating cash flows increased by 135.8%.

Stantec announced plans to acquire Page, a 1,400-person US-based design, architecture, and engineering firm. The acquisition will enhance Stantec’s capabilities in key growth areas such as advanced manufacturing and healthcare. Stantec also acquired Ryan Hanley, a 150-person engineering and environmental consultancy firm in Ireland, expanding its presence in the Irish water sector.



Read more at GlobeNewswire:: Stantec reports strong first quarter 2025 results, with 29%