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

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Stantec announces first quarter 2019 results

May 9, 2019 5:00 PM EDT

EDMONTON, Alberta & NEW YORK--(BUSINESS WIRE)-- Stantec today announced its financial results for the quarter ended March 31, 2019. 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 comparative information.

Q1 2019 Highlights

After adoption of IFRS 16

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