Stantec Third-Quarter Net Revenue Rises 9.4 Percent to 1,864.9 Million Canadian Dollars: Adjusted EBITDA Up 16.6 Percent to 377.1 Million, Backlog at 9.2 Billion
Stantec released its third-quarter 2026 results on November 12, 2026, in a GlobeNewswire release, with figures in Canadian dollars. Net revenue increased 9.4 percent year over year to 1,864.9 million dollars, driven by organic growth of 5.3 percent and acquisition growth of 2.6 percent. Adjusted EBITDA increased 16.6 percent to 377.1 million dollars, and the adjusted EBITDA margin reached 20.2 percent, up 120 basis points from the third quarter of 2025. Diluted earnings per share were 1.60 dollars and adjusted earnings per share were 1.89 dollars, up 23.5 percent. Net income increased 19.7 percent to 179.6 million dollars.
The company said contract backlog was 9.2 billion dollars at September 30, 2026, up 11.6 percent year over year including 9.9 percent organic growth, representing approximately 13 months of work. Cash flows from operations were 392.3 million dollars in the quarter. Stantec repurchased 1,723,229 common shares in the quarter for 174.5 million dollars, and 3,390,521 shares for 350.4 million dollars in the first three quarters. On November 12 the board declared a dividend of 0.245 dollars per share, payable on January 15, 2027, to shareholders of record on December 31, 2026.
The company also raised its 2026 profitability targets, narrowing expected net revenue growth to 9.0 percent to 11.0 percent, lifting the adjusted EBITDA margin target to 18.3 percent to 18.5 percent from 17.8 percent to 18.3 percent, and lifting adjusted EPS growth to 17 percent to 19 percent from 15 percent to 18 percent. President and chief executive Susan Reisbord said the third-quarter results demonstrate the strength of the company's diversified platform and disciplined execution. This item reports only the published results and targets and is not investment advice.
Source: Stantec
Published by GSM · USA (original Chinese edition)
Photo: Stantec 位于埃德蒙顿的总部大楼 Stantec Tower。／Stantec Tower, the Stantec headquarters in Edmonton.（CC BY-SA 4.0，Wikimedia Commons）
