Q1 2026 Stantec Inc Earnings Call Transcript

May 14, 2026 / 01:00 PM GMT

Release Date Price: C$99.91 (-6.56%)

Transcript

Key Points

Positve

Stantec Inc (STN) reported a strong start to 2026 with a 9% increase in net revenue, reaching $1.7 billion, driven by 3.6% organic and 7.2% acquisition growth.
The company achieved a 14% year-over-year increase in adjusted EBITDA, with a margin increase to 16.9%, reflecting strong operational performance.
Stantec Inc (STN) saw significant organic growth in its water and energy and resources businesses, with over 14% and almost 9% growth, respectively.
The company's contract backlog reached a record $9 billion, a 13.2% increase year-over-year, indicating strong future demand.
Stantec Inc (STN) maintained operational carbon neutrality for the fourth consecutive year and achieved an A-minus CDP climate score, highlighting its commitment to sustainability.

Negative

Stantec Inc (STN) experienced a seasonally lower quarter for cash flow generation, with net operating cash outflows totaling $2.3 million.
The infrastructure business in Canada faced a wind-down of certain transit and roadway projects, impacting organic growth.
The buildings business in the U.S. had a soft start to the year, with some retraction in organic growth due to project completions.
There is ongoing uncertainty regarding the allocation of IIJA funding in the U.S., which may impact future project awards.
The company faces challenges in managing larger bundled projects, which require specialized management and can take longer to ramp up and complete.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

STN.TO - Stantec Inc
Q1 2026 Stantec Inc Earnings Call
May 14, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to Stantec's First Quarter 2026 Results Webcast and Conference Call. Leading the call today are Gord Johnston, President and Chief Executive Officer, and Vito Comon, Executive Vice President and Chief Financial Officer. Stantec invites those dialing in to view the slide presentation, which is available in the Investors section at stantec.com. Today's call is also being webcast.

Please be advised that if you have dialed in while also viewing the webcast, you should mute your computer as there is a delay between the call and the webcast. All information provided during this conference call is subject to the forward-looking statements qualifications set out on slide 2, detailed in Stantec's Management Discussion and Analysis, and

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