Stantec Reports Strong Q3 2026 Results with Record Backlog and Raised Guidance
Stantec (STN) reported robust third-quarter 2026 financial results, highlighted by a 9.4% increase in net revenue to $1.9 billion and a significant 23.5% jump in adjusted EPS to $1.89. The company's performance was bolstered by organic growth across all geographic regions and an expansion of its adjusted EBITDA margin to 20.2%. A record contract backlog of $9.2 billion provides approximately 13 months of work visibility, driven largely by demand in the water and infrastructure sectors. Despite the strong operational performance, Stantec recorded a $260 million claims provision due to alleged design deficiencies across multiple sites. However, management's confidence remains high, as evidenced by upward revisions to full-year guidance for adjusted EBITDA margins and adjusted EPS growth. The company also continues to see growing demand from hyperscalers in the data center sector.
Tickers: $STN
Topics: Adjusted EPS Cash Flow Contract Backlog EBITDA Net Revenue