Stantec Inc. is a global leader in sustainable engineering, architecture, and environmental consulting, providing a wide array of services to manage aging infrastructure, energy transitions, and community needs.

The company is currently in a stable and rising condition, reporting substantial growth in the first quarter of 2025. Stantec’s net revenue reached $1.6 billion, a 13.3% increase from $1.37 billion in the same period last year, driven by 5.9% organic growth and 3.2% contribution from acquisitions. Overall, gross revenue also rose to $1.92 billion, reflecting a year-over-year increase of 11.7%.

Adjusted EBITDA for the quarter grew by 19.1% to $252.3 million, yielding an adjusted EBITDA margin of 16.2%, which is an increase of 70 basis points year-over-year. Stantec’s net income increased by 29.8% to $100.1 million, with diluted earnings per share (EPS) amounting to $0.88, which is a rise of 29.4% compared to $0.68 in Q1 2024. The adjusted EPS was reported at $1.16, marking an increase of 28.9% from the previous year.

Stantec also announced a significant portfolio expansion with acquisitions. Following the finalized acquisition of Ryan Hanley, a 150-person engineering and environmental consultancy in Ireland, the company is in the process of acquiring Page, a 1,400-person architecture and engineering firm headquartered in Washington, D.C. This acquisition is expected to enhance Stantec’s service offerings and resources in key growth areas.

In terms of guidance, Stantec reiterated its full-year expectations, projecting net revenue growth of between 7% to 10% for 2025, with EBITDA margins anticipated to be between 16.7% and 17.3%. The company also foresees adjusted EPS growth of 16% to 19%.

Stantec’s operational efficiency is reflected in its cash flow performance, with operating cash flow escalating by 135.8% year-over-year to $100.7 million. Days sales outstanding (DSO) remained stable at 77 days, aligning with the company’s internal target. Furthermore, the company’s net debt to adjusted EBITDA ratio was reduced to 1.1x from 1.2x at the end of 2024.

As per backlog metrics, Stantec reported a record backlog of $7.9 billion as of March 31, 2025, which signifies an overall year-over-year growth of 12.8%. The backlog reflects approximately 12 months of work and indicates robust current demand across various regions and business operations, underscoring Stantec’s favorable operational outlook.