Stantec reports third quarter 2026 results with strong net revenue growth and record adjusted EBITDA margin; raises profitability outlook
Key Highlights
- ➤Q3 net revenue $1.9 billion, up 9.4% year-over-year
- ➤Adjusted EBITDA $377.1 million, up 16.6%; margin reached record 20.2%
- ➤Adjusted EPS $1.89, up 23.5% year-over-year
- ➤Contract backlog $9.2 billion, up 11.6% year-over-year
- ➤2026 adjusted EPS growth target raised to 17%-19% from 15%-18%
Expert Statements
Susan Reisbord, President and Chief Executive Officer of Stantec
“Our third quarter results demonstrate the strength of our diversified platform and disciplined execution, with organic growth across all regions and businesses, a record adjusted EBITDA margin, and strong growth in adjusted EPS”
Susan Reisbord, President and Chief Executive Officer of Stantec
“As a result of our strong year-to-date margin and earnings performance, we are raising our profitability outlook for 2026. With $9.2 billion in backlog and favorable demand trends across our end markets, we remain confident in our ability to finish the year strong and carry this momentum into 2027.”
* Net revenue of $1.9 billion, an increase of 9.4% compared to Q3 2025 * Adjusted EBITDA(1) increase of 16.6% to $377.1 million and adjusted EBITDA margin(1) of 20.2%, a 120 basis point increase over Q3 2025 * Diluted EPS of $1.60 and adjusted EPS(1) of $1.89, up 21.2% and 23.5%, respectively, compared to Q3 2025 * Contract backlog of $9.2 billion, up 11.6% year-over-year, including 9.9% organic growth * Repurchased 3,390,521 common shares for an aggregate price of $350.4 million in the first three quarters of 2026 * Raised 2026 targets for net revenue growth, adjusted EBITDA margin(1), adjusted net income margin and adjusted EPS growth(1) EDMONTON, Alberta and NEW YORK, Nov. 12, 2026 (GLOBE NEWSWIRE) -- Stantec (TSX, NYSE:STN), a global leader in sustainable engineering, architecture and environmental consulting, released its third quarter 2026 results today. In the third quarter, net revenue increased 9.4% year-over-year to $1.9 billion, driven by organic growth of 5.3% and acquisition growth(1 )of 2.6%. Third quarter 2026 adjusted EBITDA increased 16.6% or $53.7 million, and adjusted EBITDA margin reached 20.2%, up 120 basis points compared to the third quarter 2025. Stantec delivered diluted earnings per share (EPS) of $1.60 and adjusted EPS of $1.89.
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