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Highlights
- Stantec’s Q2 2024 saw a 15.4% revenue increase and a 17.0% rise in project margin
- The company’s income before tax fell to CAD 109.3 million due to higher expenses and impairment charges.
- Stantec acquired Hydrock Holdings and declared a CAD 0.21 per share dividend payable on October 15, 2024
Stantec Inc (TSX:STN) is a firm specialising in sustainable engineering, architecture, and environmental consulting. It operates across three regions: Canada, the United States, and globally.
In Q2 2024, the company achieved a 15.4% year-over-year increase in gross revenue, largely due to improved contributions from all business units across the reportable segments. The project margin rose to CAD 811.7 million, reflecting a 17.0% increase compared to CAD 694 million in Q2 2023, driven by net revenue growth and effective project execution.
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