Stantec’s 2024 Financial Highlights: Sustainable Growth and Success
Stantec, a global leader in sustainable design and engineering, reported impressive financial results for the fourth quarter and year ended December 31, 2024. The company’s commitment to sustainable practices and innovation continues to drive its growth.
Financial Performance
Stantec reported a net revenue of $5.9 billion in 2024, representing a 15.8% increase over the previous year. This growth was driven by strong organic growth of 7.4% for the full year. The company’s adjusted EBITDA1 increased by 18.0% to $980.3 million, with an adjusted EBITDA margin1 of 16.7%, a 30-basis point increase over 2023. Operating cash flows also saw a significant increase of 16.0% to $603.1 million.
Organic Growth
Stantec’s organic growth was strong in all regions. In the US, the company reported an 8.6% increase in organic growth, driven by the transportation, water, and buildings sectors. In Canada, organic growth was 6%, with a focus on the buildings and water sectors. The global region saw a 5.8% increase in organic growth, with significant contributions from the transportation, water, and energy sectors.
Sustainability and Recognition
Stantec’s commitment to sustainability was once again recognized, as the company ranked #8 of the most sustainable corporations in the world by Corporate Knights, the first among its peers. This recognition is a testament to Stantec’s dedication to creating sustainable solutions for its clients and communities.
Impact on Individuals
Stantec’s financial success and commitment to sustainability can have a positive impact on individuals in various ways. As a global leader in sustainable design and engineering, the company is contributing to the development of innovative and eco-friendly infrastructure and buildings. This can lead to improved living conditions, increased energy efficiency, and reduced carbon emissions, making a difference in people’s daily lives.
Impact on the World
On a larger scale, Stantec’s financial performance and commitment to sustainability can contribute to a more sustainable future for the world. By continuing to invest in and develop sustainable solutions, the company is helping to reduce the carbon footprint and create a more resilient infrastructure. This can lead to a more sustainable future for future generations, as well as help mitigate the effects of climate change.
Conclusion
Stantec’s impressive financial results for the year ended December 31, 2024, demonstrate the company’s commitment to sustainable growth and innovation. With strong organic growth in all regions, increased financial performance, and a continued focus on sustainability, Stantec is making a positive impact on individuals and the world. The company’s recognition as one of the most sustainable corporations in the world is a testament to its dedication to creating sustainable solutions for its clients and communities.
- Net revenue of $5.9 billion, a 15.8% increase over 2023
- Adjusted EBITDA1 of $980.3 million, up 18.0% over 2023
- Adjusted EBITDA margin1 of 16.7%, a 30-basis point increase over 2023
- Operating cash flows increased to $603.1 million, up 16.0% over 2023
- Adjusted diluted EPS1 of $4.42, an increase of 20.4% over 2023
- Backlog of $7.8 billion, up 24.1% since December 31, 2023
- Ranked #8 of the most sustainable corporations in the world by Corporate Knights
