Stantec (STN) Tops Q3 EPS by 25c, Revenues Beat

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Go back to Stantec (STN) Tops Q3 EPS by 25c, Revenues Beat

Stantec’s Consulting Services continues to perform well in third quarter

November 8, 2018 6:45 AM EST

Construction Services divested; new board member announced

EDMONTON, Alberta & NEW YORK--(BUSINESS WIRE)-- Stantecs Consulting Services business performed well in the third quarter of 2018, experiencing organic gross and net revenue growth, a double-digit increase in adjusted diluted earnings per share (EPS), and higher than targeted EBITDA as a percentage of net revenue. During the third quarter, the Company also announced two strategic acquisitions. Stantecs positive results were offset by negative revenue and cost adjustments and a goodwill impairment related to the sale of Construction Services.

Our Consulting Services results demonstrate the strength... More