Stantec (STN) Tops Q1 EPS by 14c, Revenues Beat; Withdraws FY20 Guidance
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Stantec Reports 4.2% Organic Net Revenue Growth in First Quarter of 2020
May 6, 2020 5:00 PM EDT2020 Guidance Withdrawn
EDMONTON, Alberta & NEW YORK--(BUSINESS WIRE)-- Stantec today reported its results for the quarter ended March 31, 2020. Unless otherwise indicated, financial figures are expressed in Canadian dollars, and comparisons are to the prior period ended March 31, 2019.
Adjusted net income in the first quarter of 2020 increased 8% to $54.3 million on the strength of a 5.7% increase in net revenue. Adjusted earnings per share increased 8.9% to $0.49.
Against the backdrop of unparalleled global disruption, Stantec delivered solid first quarter earnings that are in line with our pre-pandemic expectations, said Gord Johnston, Stantecs President and Chief... More
