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Stantec ( (TSE:STN) ) just unveiled an announcement.
Stantec Inc., a global sustainable engineering, architecture, and environmental consulting firm, reported strong first-quarter 2026 results, underscoring its role as a major infrastructure and environmental services provider in North America and abroad. Its diversified portfolio in water, buildings, and energy and resources continues to benefit from robust public sector spending and rising demand for complex infrastructure solutions.
On May 13, 2026, the company reported Q1 2026 net revenue of $1.7 billion, up 9.1% year over year, with adjusted EBITDA rising 13.8% to $287.0 million and adjusted earnings per share climbing 14.7% to $1.33. Stantec’s contract backlog reached a record $9.0 billion, up 13.2% from a year earlier, while the acquisition of Page drove more than 40% backlog growth in its Buildings business and organic growth remained strong across all regions. Management reaffirmed its 2026 guidance for 8.5% to 11.5% net revenue growth and mid- to high-single-digit organic expansion, signaling confidence in sustained demand, although operating cash flow turned slightly negative due to integration-related disruptions and working capital needs.
The firm expects further margin expansion this year, targeting an adjusted EBITDA margin between 17.6% and 18.2%, adjusted net income at or above 9.5% of net revenue, and adjusted return on invested capital above 13%. Stantec’s Board also declared a quarterly dividend of $0.245 per share, payable on July 15, 2026 to shareholders of record on June 30, reinforcing the company’s capital-return commitments even as it absorbs recent acquisitions and pursues additional growth.
The most recent analyst rating on (TSE:STN) stock is a Buy with a C$140.00 price target. To see the full list of analyst forecasts on Stantec stock, see the TSE:STN Stock Forecast page.
Spark’s Take on STN Stock
According to Spark, TipRanks’ AI Analyst, STN is a Neutral.
The score is primarily driven by solid underlying financial performance (growth and strong cash conversion) and a notably positive earnings outlook with clear 2026 targets. Offsetting these strengths are weak technical momentum (trading below key moving averages with negative MACD) and a relatively expensive valuation (P/E ~30.8 with a low dividend yield).
To see Spark’s full report on STN stock, click here.
More about Stantec
Stantec Inc. is a global provider of sustainable engineering, architecture, and environmental consulting services, listed on the TSX and NYSE under the ticker STN. The company focuses on infrastructure, water, buildings, and energy and resources projects across North America and international markets, positioning itself as a key player in large-scale public and private sector development.
Average Trading Volume: 395,400
Technical Sentiment Signal: Hold
Current Market Cap: C$13.03B
For detailed information about STN stock, go to TipRanks’ Stock Analysis page.