Stantec (TSE:STN) has released an update.
Stantec has reported a robust second quarter in 2024 with a record net revenue of $1.5 billion, marking a 16.8% increase from the previous year, alongside a 13.4% increase in backlog now standing at $7.2 billion. The firm’s success is attributed to strong organic growth and strategic acquisitions, with notable performance in the Water and Buildings businesses. Adjusted EBITDA rose to $247.3 million, with the company projecting continued positive momentum and tightening its financial targets for the year.
For further insights into TSE:STN stock, check out TipRanks’ Stock Analysis page.
