GlobeNewswire·Nov 12, 2026, 5:00 PM ET

Stantec reports third quarter 2026 results with strong net revenue growth and record adjusted EBITDA margin; raises profitability outlook

STN

Stantec reported Q3 2026 net revenue of $1.9 billion, a 9.4% increase over Q3 2025, driven by 5.3% organic growth & 2.6% acquisition growth.
Adjusted EBITDA rose 16.6% to $377.1 million, with an adjusted EBITDA margin of 20.2%, a 120 basis point increase from the prior year quarter.
Diluted EPS reached $1.60 (up 21.2%) while adjusted EPS was $1.89 (up 23.5%) for the third quarter.
Contract backlog totaled $9.2 billion at September 30, 2026, representing an 11.6% year-over-year increase including 9.9% organic growth.
The company raised its 2026 outlook, narrowing net revenue growth targets to 9.0% to 11.0% & increasing adjusted EBITDA margin targets to 18.3% to 18.5%.
Year-to-date net revenue grew 10.0% to $5.3 billion, with adjusted EBITDA increasing 15.9% to $997.0 million & adjusted EPS rising 19.3% to $4.83.
Stantec repurchased 3,390,521 common shares for $350.4 million in the first three quarters of 2026, including 1,723,229 shares for $174.5 million in Q3 alone.
Cash flows from operations in Q3 2026 increased $76.4 million to $392.3 million, while days sales outstanding (DSO) stood at 76 days.
Net debt to adjusted EBITDA remained at 1.2x on a trailing twelve-month basis, staying within the company's target range of 1.0x to 2.0x.
The Board declared a quarterly dividend of $0.245 per share, payable on January 15, 2027, to shareholders of record on December 31, 2026.
The company acquired Niche, an Australian engineering & environmental consultancy, on August 6, 2026, to bolster Environmental Services operations.
Regional performance showed double-digit organic growth in Canada & Global segments, with the US region contributing significantly to acquisition growth.

Company: Stantec Inc.
Keywords: Toronto Stock Exchange:STN, Stantec Inc.