Stantec Rises 14% After Raising Earnings Outlook

Stantec reported late Thursday that third-quarter profit increased to $179.6 million, or $1.60 a share, from $150 million, or $1.32, a year earlier. Adjusted earnings were $1.89 a share, exceeding the $1.77 expected by analysts polled by FactSet. Revenue rose 9.4% to $1.86 billion, including organic growth of 5.3% and acquisition growth of 2.6%.

The company now expects adjusted earnings per share to grow 17% to 19% for the full year, compared with its previous forecast of 15% to 18%. Its revenue growth outlook is now 9% to 11%, versus an earlier range of 8.5% to 11.5%.

Chief Executive Susan Reisbord said Stantec’s year-to-date margin and earnings performance prompted the revised outlook. With a $9.2 billion backlog and favorable demand trends across its end markets, the company remains confident it can carry momentum into 2027, she said.