Stantec (STN) Tops Q2 EPS by 15c, Beats on Revenues

Stantec (NYSE: STN) reported Q2 EPS of $0.51, $0.15 better than the analyst estimate of $0.36. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $717.66 million.

Highlights

• Gross revenue increased 26% from approximately $1.05 billion to $1.3 billion from Q2 16 to Q2 17 Organic gross revenue grew 4.5% from Q2 16 to Q2 17
• EBITDA increased from $73.7 million to $158.1 million from Q2 16 to Q2 17, and adjusted EBITDA grew by 22% or $18.9 million
• Diluted EPS increased from $0.20 to $0.85 from Q2 16 to Q2 17, and adjusted diluted EPS grew by 38% from $0.37 to $0.51
• Administrative and marketing expenses as a percentage of net revenue decreased from 43.9% to 42.3% from Q2 16 to Q2 17
• Proceeds from the Innovyze sale were used to repay debt by $221.3 million, and the transaction reduced goodwill and intangible assets by $194.4 million and $95.1 million respectively

For earnings history and earnings-related data on Stantec (STN) click here.

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