Land Development Project Manager

Stantec inc (STN) is flying under the radar - could that change this September? 07 September 2026 03:43 AM EDT Summarize with AI You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to its research reports, in-depth technical and fundamental research. Learn more Stantec rarely dominates financial headlines, yet the global engineering and design firm has quietly been compounding results, and its most recent quarter gave investors fresh reason to look closer. The Edmonton-based professional-services company, which employs tens of thousands of engineers, architects, environmental scientists and consultants worldwide, reported a strong second quarter on 12 August 2026 and raised part of its full-year outlook. The question in the supplied headline is whether an under-followed name could move into sharper focus. The August results, a record Backlog and a run of acquisitions provide the evidence to answer it. A strong second quarter. For the quarter ended 30 June 2026, Stantec reported gross Revenue of $2,228.0 million, up 13.4% year over year, and net revenue of $1,780.6 million, up 11.5%. Net Income rose 11.0% to $150.3 million, while adjusted net income climbed 18.0% to $182.5 million. Adjusted Diluted Earnings per Share reached $1.61, up 18.4%, and adjusted EBITDA increased 17.1% to $332.9 million. Crucially, margins expanded. The adjusted EBITDA Margin rose about 90 basis points to 18.7%, reflecting both Acquisition integration and operating discipline. For the first half of 2026, net revenue reached roughly $3.5 billion and adjusted diluted EPS was $2.94, up 16.7%. Record backlog. The standout operational figure was backlog. Total contract backlog stood at $9.2 billion at 30 June 2026, up 17.5% year over year and equal to about 13 months of work. That total combined organic backlog growth of roughly 7.0% with acquisition-driven growth of about 7.8%. For a project-based consultancy, a rising backlog is the clearest forward indicator of revenue visibility. Organic revenue growth in the quarter was 3.7%, led by the company's Global region at 12.8%, while acquisitions contributed about 7.1%, driven notably by the U.S. Page transaction, which lifted backlog in the Buildings Business by more than 40%. Raised outlook and Capital returns. Stantec narrowed and lifted its adjusted EBITDA margin target for 2026 to a range of 17.8% to 18.3%, and guided to net revenue growth of 8.5% to 11.5% and adjusted EPS growth of 15% to 18%. The board declared a quarterly Dividend of $0.245 per share, payable on 15 October 2026 to shareholders of record on 29 September 2026. The company also repurchased 1,667,292 shares for $175.9 million in the first half of the year. Why it matters. Stantec sits at the intersection of several durable spending themes: water and environmental infrastructure, buildings, energy transition and public infrastructure Investment across North America and beyond. A record backlog, expanding margins and a raised profit outlook suggest the business is executing well against those tailwinds, which is what could shift a low-profile name into wider view. Business context. Growth has been powered by a disciplined acquisition strategy. Beyond Page in the United States, Stantec acquired Niche, a roughly 200-person Australian engineering and environmental consultancy, on 31 July 2026, strengthening its environmental-services franchise. This bolt-on approach, funded by strong cash generation, is central to the company's model. Risks to watch. Acquisition-led growth carries integration and Goodwill risk, and organic growth in the mid-single digits is solid rather than spectacular. The firm is exposed to public-sector budgeting cycles, foreign-exchange movements across its global operations and competition for skilled professionals. A slowdown in infrastructure spending would pressure backlog conversion. Conclusion. Stantec's second quarter combined double-digit revenue growth, margin expansion, a record $9.2 billion backlog and a raised outlook. Whether that pushes an under-the-radar name into brighter focus depends on continued execution, but the latest verified results give the watchlist question a concrete, fundamentals-based answer rather than a speculative one. Download Free Report - Explore 3 Stock Ideas & Industry Insights Unlock 3 stock ideas and key industry insights in its free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice. All investments involve risk - consider independent advice before making any investment decisions. Disclaimer:

Stantec delivers Engineering with Nature across the globe. This week, N-EWN is highlighting its partner, Stantec, and their work in nature-based solutions (NbS). Stantec combines natural systems with engineering to help reduce risk and build resilience. Using strategies such as bioswales, wetlands, coastal restoration, and green infrastructure, NbS can help address biodiversity loss, flood and drought mitigation, water quality and scarcity while supporting carbon storage and lasting community value. Stantec's NbS work supports corporate sustainability objectives, UN Sustainable Development Goals, and carbon sequestration targets. Their global project portfolio spans many sectors including transportation, community development, oil and gas, energy, and commercial/manufacturing to name a few. Core service offerings include, but are not limited to: * Ecosystem restoration * Coastal and marine solutions * Wetland and stream mitigation crediting * Natural capital valuation * Biodiversity net positive/crediting * Grant-based project development and implementation * Nature-based climate solutions (including carbon sequestration) * About Stantec's partnership with N-EWN This work is strengthened through Stantec's partnership with the Network for Engineering with Nature (N-EWN). Together, they connect research, practice, and education to bring natural and engineered systems together in support of resilient infrastructure, healthier ecosystems, and practical learning. Through events, workshops, podcasts, and presentations, they share insight on funding, benefit-cost analysis, partnerships, and applying NbS in real projects. Follow along the next few days as N-EWN explore how Stantec is combining engineering and natural systems to address complex challenges, from ecosystem restoration and nature finance to environmental DNA (eDNA) and science-driven approaches to resilience.