Global Finance News
13 Nov 2026, 09:17
Stantec Jumps 5.1% After Hours as Record Margin and Higher 2026 Outlook Boost Sentiment
Stantec (NYSE: STN) shares rose about 5.1% in after-hours trading after the engineering and consulting firm reported strong third-quarter growth, record profitability and raised its 2026 outlook.
Third-quarter net revenue increased 9.4% year over year to $1.9 billion, driven by 5.3% organic growth and 2.6% acquisition growth. Adjusted EBITDA rose 16.6% to $377.1 million, while adjusted EBITDA margin expanded 120 basis points to a record 20.2%. Adjusted EPS increased 23.5% to $1.89.
Backlog reached $9.2 billion, up 11.6% from a year earlier, including 9.9% organic growth, and represents roughly 13 months of work.
Stantec also raised several full-year targets. The company now expects an adjusted EBITDA margin of 18.3%-18.5%, up from 17.8%-18.3%, adjusted net income margin of at least 9.8%, and adjusted EPS growth of 17%-19% versus the prior 15%-18% range. Net revenue growth guidance was narrowed to 9%-11%.
Operationally, all regions and businesses delivered organic growth, with particularly strong performance in Water. Project margin improved to 55.0%, while operating cash flow increased to $392.3 million.
The 5.1% after-hours gain appears to reflect the combination of record margins, double-digit backlog growth and a higher profitability outlook, reinforcing confidence in Stantec’s ability to carry momentum into 2027.
Stantec (NYSE: STN) shares rose about 5.1% in after-hours trading after the engineering and consulting firm reported strong third-quarter growth, record profitability and raised its 2026 outlook.
Third-quarter net revenue increased 9.4% year over year to $1.9 billion, driven by 5.3% organic growth and 2.6% acquisition growth. Adjusted EBITDA rose 16.6% to $377.1 million, while adjusted EBITDA margin expanded 120 basis points to a record 20.2%. Adjusted EPS increased 23.5% to $1.89.
Backlog reached $9.2 billion, up 11.6% from a year earlier, including 9.9% organic growth, and represents roughly 13 months of work.
Stantec also raised several full-year targets. The company now expects an adjusted EBITDA margin of 18.3%-18.5%, up from 17.8%-18.3%, adjusted net income margin of at least 9.8%, and adjusted EPS growth of 17%-19% versus the prior 15%-18% range. Net revenue growth guidance was narrowed to 9%-11%.
Operationally, all regions and businesses delivered organic growth, with particularly strong performance in Water. Project margin improved to 55.0%, while operating cash flow increased to $392.3 million.
The 5.1% after-hours gain appears to reflect the combination of record margins, double-digit backlog growth and a higher profitability outlook, reinforcing confidence in Stantec’s ability to carry momentum into 2027.
