Quarterly ResultMay 13, 2026, 05:02 PM
Stantec Q1 Adjusted EPS Up 14.7%; Record Backlog $9.0B
AI Summary
Stantec reported strong first quarter 2026 results, with net revenue increasing 9.1% to $1.7 billion and adjusted earnings per share growing 14.7% to $1.33. The company achieved a record contract backlog of $9.0 billion, up 13.2% year-over-year, driven by both organic and acquisition growth. Stantec reaffirmed its 2026 outlook, expecting mid-to-high single-digit organic growth and 15% to 18% adjusted EPS growth, reflecting sustained global demand and solid operational performance.
Key Highlights
- Stantec reported Q1 2026 net revenue of $1.7 billion, a 9.1% increase year-over-year.
- Adjusted EBITDA increased 13.8% to $287.0 million, with an adjusted EBITDA margin of 16.9%.
- Diluted EPS rose 10.2% to $0.97, and adjusted EPS increased 14.7% to $1.33.
- Contract backlog reached a record $9.0 billion, up 13.2% year-over-year, with 5.4% organic growth.
- Organic growth was notable in Water (14.3%) and Energy & Resources (8.6%).
- The company reaffirmed its 2026 outlook, targeting 15% to 18% adjusted EPS growth.
- A dividend of $0.245 per share was declared, payable on July 15, 2026.