Stantec Reports Strong Q2 Earnings with Record Margins and Backlog
Stantec (STN) reported strong second-quarter results for fiscal year 2026, driven by both organic growth and acquisitions. Net revenue reached $1.78 billion, up 11.5% from the prior year due to a combination of 3.7% organic growth and 7.1% acquisition-driven gains. Adjusted EBITDA rose 17.1% to $332.9 million with an adjusted margin of 18.7%, setting a new record for the quarter. The company also reported significant international momentum, particularly in its water business (up 13%) and Latin America segment (over 50% growth). Stantec increased its full-year EBITDA guidance to between 17.8% and 18.3%. Additionally, it announced a $13 billion contract with Meta for architecture and engineering services in Alberta and the acquisition of Niche Environmental Services in Australia.
Tickers: $STN