- Stantec (STN, Financial) reports a 13.3% increase in Q1 2025 net revenue, reaching $1.6 billion.
- Adjusted EPS rises 28.9% to $1.16, with a record backlog of $7.9 billion, up 12.8% year-over-year.
- Key strategic acquisitions announced, positioning Stantec as a key player in the US architecture market.
Stantec Inc. (STN) revealed a robust performance for the first quarter of 2025, achieving a significant 13.3% increase in net revenue, reaching $1.6 billion. This growth was fueled by 5.9% organic growth and 3.2% from acquisitions. The company noted that its adjusted EBITDA climbed 19.1% to $252.3 million, with margins improving to 16.2%.
The company recorded a 28.9% rise in adjusted earnings per share (EPS) to $1.16. Stantec's backlog hit a record $7.9 billion, reflecting a 12.8% year-over-year increase, which represents approximately 12 months of work, providing strong revenue visibility.
In addition to these financial achievements, Stantec continues to expand its capabilities with strategic acquisitions. The company finalized a purchase agreement to acquire Page, a 1,400-person US-based design and architecture firm, which will elevate Stantec to the position of the second-largest architecture firm in the US. Moreover, Stantec acquired Ryan Hanley, a 150-person engineering firm in Ireland, enhancing its services in the Irish water sector.
Stantec reaffirmed its positive outlook for 2025, projecting net revenue growth of 7-10% and adjusted EPS growth of 16-19%. The company remains committed to leveraging these strategic acquisitions and organic growth initiatives to maintain its strong market position and deliver sustained growth.
