Stantec ( (STN) ) has released its Q4 earnings. Here is a breakdown of the information Stantec presented to its investors.
Stantec is a global leader in sustainable design and engineering, providing services in architecture, engineering, and environmental consulting. The company is known for its focus on addressing major global challenges such as climate change and infrastructure management.
Stantec has reported record earnings for 2024, with a significant increase in net revenue and a notable rise in its backlog. The company has also announced a 7% increase in its dividend, reflecting strong financial performance and confidence in future growth.
Key financial highlights for 2024 include a 15.8% increase in net revenue to $5.9 billion, driven by both organic and acquisition growth. Adjusted EBITDA rose by 18% to $980.3 million, with a margin improvement to 16.7%. The company’s backlog reached an all-time high of $7.8 billion, marking a 24.1% increase from the previous year. Stantec also achieved strong organic growth across its U.S., Canadian, and global operations.
Looking ahead to 2025, Stantec is targeting net revenue growth of 7% to 10%, with expectations for continued strong performance in its key markets. The company aims to maintain its adjusted EBITDA margin between 16.7% and 17.3%, supported by solid project execution and strategic cost management.
Stantec’s management remains optimistic about the company’s future prospects, driven by ongoing demand in the water and infrastructure sectors and the successful execution of its strategic plan. The company is well-positioned to continue delivering strong financial results and shareholder value in the coming year.