Stantec Reports Strong Q1 2026 Results with 14.7% Adjusted EPS Growth and Record $9.0B Backlog
STN is trading near its 52-week low of $77.41 (1.4% above the low).
Summary
Stantec reported strong Q1 2026 financial results, including significant adjusted EPS growth and a record backlog, while reaffirming its full-year guidance and increasing its dividend.
Key Events · Earnings and Guidance · STN
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Strong Q1 2026 Financial Performance
Net revenue increased 9.1% to $1.7 billion, adjusted EBITDA grew 13.8% to $287.0 million, and adjusted EPS rose 14.7% to $1.33 compared to Q1 2025.
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Record Contract Backlog Achieved
Contract backlog reached a record $9.0 billion, marking a 13.2% year-over-year increase and providing strong visibility into future growth.
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Full-Year 2026 Guidance Reaffirmed
The company reaffirmed its 2026 annual targets, including net revenue growth of 8.5% to 11.5% and adjusted EPS growth of 15% to 18%.
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Quarterly Dividend Increased
Stantec's Board of Directors declared a dividend of $0.245 per share, an increase from $0.225 in Q1 2025.
Analysis · STN · Trade & Services
Stantec delivered robust first-quarter results, exceeding expectations with double-digit adjusted EPS growth and a record contract backlog. The reaffirmation of full-year guidance provides stability and confidence, especially as the stock is currently trading near its 52-week low. While operating cash flow was negative, the company attributed this to integration activities and working capital investments, suggesting it may be a temporary effect. The increased dividend further signals management's confidence in future performance.
At the time of this filing, STN was trading at $78.50 on NYSE in the Trade & Services sector, with a market capitalization of approximately $8.9B. The 52-week trading range was $77.41 to $114.52. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.