Recent Updates — STN
Stantec Inc. received Toronto Stock Exchange approval to amend its Normal Course Issuer Bid, increasing the maximum number of common shares eligible for repurchase from approximately 2% (2,281,339 shares) to 5% (5,703,349 shares) of issued and outstanding shares as of March 2, 2026. As of August 17, 2026, the company had repurchased and cancelled 1,667,292 common shares at a weighted average price of $103.43 per share. The amended bid commences on August 20, 2026, and terminates no later than March 11, 2027. Stantec operates in the sustainable engineering, architecture, and environmental consulting industry.
Stantec Inc. reported second quarter 2026 net revenue of $1.8 billion CAD, an 11.5% increase driven by acquisition growth from Page and organic expansion in its Global region. Adjusted EBITDA rose 17.1% to $332.9 million CAD with a margin of 18.7%, while adjusted net income grew 18.0% to $182.5 million CAD. The company raised its 2026 adjusted EBITDA margin target range to 17.8%-18.3%. On August 12, 2026, the Board declared a quarterly dividend of $0.245 per share, payable October 15, 2026, to shareholders of record on September 29, 2026. Stantec operates in the engineering, architecture, and environmental consulting industry.
Stantec reported second quarter 2026 results with net revenue increasing 11.5% year-over-year to CAD 1.8 billion, driven by acquisition growth from Page and organic expansion in its Global region. Adjusted EBITDA rose 17.1% to CAD 332.9 million, expanding margins by 90 basis points to 18.7%. Diluted EPS reached $1.32, while adjusted EPS grew 18.4% to $1.61. The company acquired Niche, an Australian engineering consultancy, on July 31, 2026, and repurchased shares worth CAD 175.9 million in the first half of the year. Stantec reaffirmed its 2026 net revenue growth guidance but raised its adjusted EBITDA margin target to a record range of 17.8% to 18.3%. The Board declared a quarterly dividend of $0.245 per share, payable October 15, 2026, to shareholders of record on September 29, 2026. Stantec operates in the sustainable engineering, architecture, and environmental consulting industry.
Stantec, in partnership with Johnson, Mirmiran and Thompson (JMT), was awarded a US$150 million joint venture contract by the U.S. Army Corps of Engineers to design critical infrastructure for coastal storm risk management on Charleston’s peninsula. The project is part of a larger US$1.2 billion program involving more than eight miles of integrated coastal infrastructure, including storm surge barriers, floodwalls, levees, pump stations, and nature-based features like living shorelines. This award highlights Stantec’s leadership in coastal resilience and strengthens its position to grow work with the USACE in major coastal metropolitan markets. Stantec operates as a global leader in sustainable engineering, architecture, and environmental consulting.
Stantec Inc. entered into Amending Agreement No. 3 to modify its existing Credit Agreement with several lenders, including Canadian Imperial Bank of Commerce. Key amendments include extending the Revolving Credit Maturity Date to June 18, 2031, and the Term Credit (Tranche B and C) maturity dates to 2029 and 2031 respectively. The agreement also adjusts the Leverage Ratio covenant to 3.50 to 1.00 and the Interest Coverage Ratio covenant to 2.75. Stantec Inc. is a professional services firm providing engineering and design services.