Stantec Inc. Q2 2026 Earnings Release

Stantec Inc. reported strong second quarter 2026 results with net revenue of $1.8 billion, an 11.5% increase year-over-year, driven by both acquisition and organic growth. Adjusted EBITDA rose 17.1% to $332.9 million, with an improved margin of 18.7%. Diluted EPS increased by 10.9% to $1.32, and adjusted EPS grew by 18.4% to $1.61. The company's contract backlog reached $9.2 billion, a 17.5% increase year-over-year. Stantec also acquired Niche, an Australian engineering firm, in July 2026. The company reaffirmed its 2026 guidance, raising its adjusted EBITDA outlook. Stantec expects continued growth driven by strong project execution, strategic cost management, and favorable market demand, particularly in its Water and Global segments. The company anticipates further acceleration of activity in the second half of 2026.