Stantec (STN) Tops Q2 EPS by 23c, Revenues Beat
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Stantec’s Second Quarter 2018 Results Demonstrate the Strength of Consulting Services
August 8, 2018 6:45 AM EDTGrowth offset by continued issues with legacy Construction Services projects
EDMONTON, Alberta & NEW YORK--(BUSINESS WIRE)-- TSX, NYSE:STN
Stantecs Consulting Services business reports positive organic growth and financial results, generating $0.58 adjusted diluted earnings per share (EPS) during the quarter. Consolidated earnings were strengthened by the Companys ongoing focus on revenue generation and operational efficiencies and by three strategic acquisitions. Strong performance in Consulting Services was offset by project issues in Construction Services, where delays and revised estimates to complete continued for legacy waste-to-energy projects in the United Kingdom and hard-bid... More
