Strong Revenue and Growth
Stantec delivered net revenue of $1.6 billion in Q1 2025, up 13.3% year-over-year, with 5.9% organic growth and 3.2% acquisition growth.
Record Adjusted EBITDA and EPS Growth
Adjusted EBITDA grew by over 19% with a margin of 16.2%, and adjusted EPS increased by 29% compared to Q1 2024.
Successful Strategic Acquisitions
Stantec announced two major acquisitions: Page, a 1,400-person architecture and engineering firm, and Ryan Hanley, a 150-person consultancy in Ireland, enhancing expertise in key growth areas.
Strong Performance in Canada and Global Markets
Canada saw 15% net revenue growth (12.2% organic), while global business delivered 20.3% growth in net revenue with 7.5% organic growth.
Record Backlog
Backlog reached an all-time high of $7.9 billion, with almost 13% year-over-year growth, 7.5% of which was organic.
Improved Cash Flow and Leverage
Operating cash flow increased by 136% year-over-year, and the net debt to adjusted EBITDA ratio was reduced to 1.1 times.