Stantec (STN) Tops Q2 EPS by 17c, Revenues Beat

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Go back to Stantec (STN) Tops Q2 EPS by 17c, Revenues Beat

Stantec Delivers 4% Increase in Adjusted Diluted EPS in Second Quarter of 2020

August 5, 2020 5:00 PM EDT

EDMONTON, Alberta, Aug. 05, 2020 (GLOBE NEWSWIRE) -- TSX, NYSE:STN Stantec today reported its results for the quarter ended June 30, 2020. Unless otherwise indicated, financial figures are expressed in Canadian dollars, and comparisons are to the prior period ended June 30, 2019.

Adjusted net income in the second quarter of 2020 increased 2.9% to $57.7 million and adjusted diluted EPS increased 4.0% to $0.52.

Our solid second quarter results are a credit to our employees who continue to execute our client-centered strategy in the midst of unprecedented disruption, said Gord Johnston, Stantecs President and Chief Executive Officer. Although net revenues retracted nominally as anticipated, our... More