Stantec (STN) Tops Q1 EPS by 7c, Beats on Revenues

Stantec (NYSE: STN) reported Q1 EPS of $0.42, $0.07 better than the analyst estimate of $0.35. Revenue for the quarter came in at $876.6 million versus the consensus estimate of $693.81 million.

Stantec president and chief executive officer, Gord Johnston, says this about the Company’s performance in the first quarter of 2018: “Our year is off to a good start. Solid organic revenue growth reflects our focus on the top line. At Stantec, we’ve leveraged our solid client relationships and local expertise around the world to secure more projects across our business operating units. In fact, we have now seen four consecutive quarters of overall gross and net organic revenue growth.

“Acquiring and fully integrating firms expands our presence and capabilities in key geographies and sectors. As part of this strategy, we completed two important acquisitions this quarter: ESI Limited, which builds on our environmental services consulting business in the United Kingdom; and Occam Engineers Incorporated, which adds to our water, transportation, and public works capabilities in the southwestern United States.

“In 2018, our management team is focused on making key improvements to project execution oversight, employee utilization, cost effectiveness and continuing to maintain our strong client relationships. This quarter shows the positive results of our actions.”

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

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• JD.com (JD) Reiterated at Buy by Benchmark Amid Earnings Recovery
• SVB & T Corporation (SVBT) Tops Q2 EPS by 275c