Stantec announces first quarter 2019 results

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Go back to Stantec announces first quarter 2019 results

Stantec (STN) Tops Q1 EPS by 10c, Revenues Beat

May 9, 2019 5:02 PM EDT

Stantec (NYSE: STN) reported Q1 EPS of $0.45, $0.10 better than the analyst estimate of $0.35. Revenue for the quarter came in at $904.1 million versus the consensus estimate of $693.81 million.

Our solid first-quarter performance reflects our continued focus on organic and acquisition growth, said Stantec president and chief executive officer Gord Johnston. We are particularly pleased with the strong organic growth achieved in our global business, which demonstrates the value of our growing geographic reach and augments the diversity of our business mix.

Effective January 1, 2019, Stantec adopted IFRS 16 Leases using the modified retrospective approach and did not restate... More