Description

Stantec Unlocks Record Margins — Water and Global Growth Drive the Next Leg!

Stantec Incorporated reported second-quarter 2026 results showing continued growth supported by geographic and sector diversification. Net revenue reached approximately CAD 1.8 billion, up 11.5% year-over-year, driven by 3.7% organic growth and 7.1% acquisition growth, including the Page acquisition. Organic growth was particularly strong in the global region at approximately 13%, while the water business grew nearly 12%. Adjusted EBITDA increased more than 17%, with margin reaching a second-quarter record of 18.7%, up 90 basis points year-over-year. Improvement reflected disciplined execution, selective project wins, optimization initiatives, and digital strategy enhancements. Adjusted EPS rose more than 18% to CAD 1.61. Project margins increased 30 basis points to approximately 54.5% of net revenue. Backlog reached a record CAD 9.2 billion, up 17.5% year-over-year. U.S. net revenue increased nearly 13%, primarily due to Page, although organic growth was softer because of project timing and is expected to accelerate in the second half.