Stantec (STN) Misses Q1 EPS by 4c
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Stantec reports good Q1 17 operating results and Innovyze sale impact on earnings
May 11, 2017 6:45 AM EDTEDMONTON, ALBERTA and NEW YORK, NEW YORK -- (Marketwired) -- 05/11/17 -- Stantec (TSX: STN)(NYSE: STN) achieved good operating results in the first quarter of 2017, with a 69.0% increase in gross revenue compared to the first quarter of 2016. Earnings before interest, tax, depreciation, and amortization (EBITDA) rose 35.0%, while adjusted diluted earnings per share (EPS) remained stable at $0.40 quarter over quarter.
Growth was led by acquisitions completed in 2016 and organic growth in the Water and Infrastructure business operating units, which together make up nearly 50% of the Company's gross revenue.... More
