Stantec Q1 Profit Rises

(RTTNews) - Engineering and environmental consulting company Stantec Inc. (STN) on Wednesday reported higher first-quarter profit, driven by revenue growth.

Net income increased 10.7% to C$110.8 million, or C$0.97 per share, from C$100.1 million, or C$0.88 per share, in the year-ago quarter. Adjusted net income increased 14.6% to C$152.2 million, or C$1.33 per share, from C$132.8 million, or C$1.16 per share, last year.

Net revenue rose 9.1% to C$1.69 billion from C$1.55 billion a year earlier, driven by 3.6% organic growth and 7.2% acquisition growth.

Stantec reaffirmed its 2026 outlook and continues to expect net revenue growth of 8.5% to 11.5% and adjusted earnings per share growth of 15% to 18%.