Stantec (STN) Tops Q3 EPS by 24c, Revenues Beat

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Stantec Announces Third Quarter 2019 Results

November 6, 2019 5:00 PM EST

Adjusted net income increased 29% year over year to $66.3 million on solid growth and execution

EDMONTON, Alberta & NEW YORK--(BUSINESS WIRE)-- TSX, NYSE:STN

Stantec today reported its results for the quarter ended September 30, 2019. Unless otherwise indicated, financial figures are expressed in Canadian dollars, and comparisons are to the corresponding period ended September 30, 2018.

Stantec delivered solid performance in the third quarter with key financial metrics in line with managements expectations. Adjusted net income for the quarter increased 29.5% to $66.3 million, primarily due to a 12.4% increase in net revenue from strong organic... More