Stantec Inc. Second Quarter 2026 Report

Stantec Inc. reported strong financial results for the second quarter of 2026, with net revenue increasing by 11.5% to $1.8 billion, driven by a 7.1% growth from acquisitions and 3.7% organic growth. The company's project margin also saw a significant increase of 12.3% to $970.7 million, with project margin as a percentage of net revenue rising to 54.5%. Adjusted EBITDA grew by 17.1% to $332.9 million, and adjusted net income increased by 18.4% to $182.5 million. The company's contract backlog reached $9.2 billion, a 17.5% year-over-year increase. Stantec also announced the acquisition of Niche, an Australian consultancy firm, and declared a dividend of $0.245 per share. The company is optimistic about its outlook, expecting continued growth driven by demand for infrastructure, climate resilience, and energy transition solutions, and has narrowed its adjusted EBITDA margin target for 2026 to 17.8%-18.3%.