Record Net Revenue and Growth
Stantec delivered record net revenues of CAD5.9 billion for 2024, up 15.8% compared to 2023, driven by 7.4% organic growth and 7.5% acquisition growth.
Strong EBITDA and EPS Performance
Adjusted EBITDA grew to CAD980 million, up 18%, with an increased margin of 16.7%. Adjusted EPS also increased by over 20% to CAD4.42 compared to 2023.
Significant Backlog Increase
Stantec's backlog reached a record CAD7.8 billion, representing a 24.1% increase from December 2023, driven by 9.7% acquisition and 8.5% organic growth.
Notable Global Business Growth
Global business net revenue grew by 32.6% in Q4, with 7.3% organic growth and 21.8% acquisition growth, driven by significant projects in the U.K. and Dubai.
Water and Buildings Business Strength
Both Water and Buildings businesses experienced double-digit organic growth, driven by robust public sector demand and significant project wins in healthcare and water security.
Dividend Increase
The Board approved a 7.1% increase to the dividend, now at CAD0.90 per share on an annualized basis, reflecting the company's strong earnings growth.