Stantec Announces Third Quarter 2019 Results
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Stantec (STN) Tops Q3 EPS by 24c, Revenues Beat
November 6, 2019 5:05 PM ESTStantec (NYSE: STN) reported Q3 EPS of $0.59, $0.24 better than the analyst estimate of $0.35. Revenue for the quarter came in at $952 million versus the consensus estimate of $693.81 million.
Third Quarter 2019 Highlights (After adoption of IFRS 16)
Net revenue grew 12.4% to $952.6 million for the quarter (11.5% increase year-to-date) due to:7.4% organic growth (4.1% year-to-date) driven by growth across all geographies, particularly in the US and Global operations and the Environmental Services, Infrastructure, and Water businesses; and4.8% acquisition growth (5.9% year-to-date), primarily due to recent global acquisitions (Peter Brett Associates LLP and Wood & Grieve... More