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Stantec Inc. Q1 Profit Increases, Beats Estimates

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Stantec Inc. (STN.TO) announced a profit for its first quarter that increased from the same period last year and beat the Street estimates.

The company's earnings totaled C$100.1 million, or C$0.88 per share. This compares with C$77.1 million, or C$0.68 per share, last year.

Excluding items, Stantec Inc. reported adjusted earnings of C$132.8 million or C$1.16 per share for the period.

Analysts on average had expected the company to earn C$1.10 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 13.4% to C$1.553 billion from C$1.370 billion last year.

Stantec Inc. earnings at a glance (GAAP) :

-Earnings: C$100.1 Mln. vs. C$77.1 Mln. last year.
-EPS: C$0.88 vs. C$0.68 last year.
-Revenue: C$1.553 Bln vs. C$1.370 Bln last year.

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