Stantec (STN) Reports Q3 EPS of $0.55
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Stantec reports third quarter 2016 results and appointment of a new director
November 10, 2016 6:45 AM ESTEDMONTON, ALBERTA and NEW YORK, NEW YORK -- (Marketwired) -- 11/10/16 -- (TSX: STN)(NYSE: STN)
Stantec reported a strong 67.5% increase in gross revenue when comparing the third quarter of 2016 to the same period last year. The increase was mainly due to contributions from four strategic acquisitions completed year to date. In particular, the MWH Global, Inc. (MWH) acquisition added significantly to operating results.
Stantec's results were impacted by a slight decrease in gross margin because of the mix of projects and the lower-margin Construction Services business... More
Stantec announces renewal of Normal Course Issuer Bid
November 10, 2016 6:45 AM ESTEDMONTON, ALBERTA and NEW YORK, NEW YORK -- (Marketwired) -- 11/10/16 -- (TSX: STN)(NYSE: STN)
Stantec Inc. ("Stantec") announced today that it has received approval from the Toronto Stock Exchange (the "TSX") respecting the renewal of its Normal Course Issuer Bid ("NCIB"). Pursuant to the NCIB documentation filed with the TSX, Stantec may purchase up to 3,418,357 common shares, representing approximately 3% of Stantec's 113,945,237 issued and outstanding common shares as of November 2, 2016. The purchases may commence on November 14, 2016, and will terminate no later than November 13, 2017. Except for... More
