Stantec (STN) Misses Q4 EPS by 8c
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Stantec ends 2016 with 49.5% increase in gross revenue and announces 11% dividend increase
February 23, 2017 6:45 AM ESTEDMONTON, ALBERTA and NEW YORK, NEW YORK -- (Marketwired) -- 02/23/17 -- Stantec (TSX: STN)(NYSE: STN) closed fiscal year 2016 with a 49.5% increase in gross revenue when compared to the end of 2015, primarily due to contributions from five strategic acquisitions completed in the year. The Company also achieved a 9.8% increase in EBITDA and a 15.5% increase in adjusted EBITDA year over year.
When comparing Q4 16 to Q4 15, gross revenue increased 74.7% mainly due to contributions from acquisitions completed in 2015 and 2016 and a 2.2% increase in organic revenue in the Infrastructure business operating... More
