Stantec

Stantec Announces Results of its 2024 Annual Meeting of Shareholders

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木曜日, 5月 9, 2024
Meeting, TSX, Proxy, Engineering, STN, Stantec, Holding company

EDMONTON, Alberta and NEW YORK, May 09, 2024 (GLOBE NEWSWIRE) -- TSX, NYSE: STN

Key Points: 
  • EDMONTON, Alberta and NEW YORK, May 09, 2024 (GLOBE NEWSWIRE) -- TSX, NYSE: STN
    Stantec Inc. (“Stantec”), a global leader in sustainable design and engineering, held its annual meeting of shareholders (the “Meeting”) on May 9, 2024.
  • A total of 86,453,304 shares (75.79% of outstanding common shares) were represented in person or by proxy.
  • At the meeting, Robert (Bob) Gomes, Stantec’s long-standing incumbent director and former CEO, retired from the Board as a result of Stantec’s director term limits.
  • “Throughout his nearly 30-year career at Stantec, Bob has left a positive influence on Stantec.”
    The complete voting results from the Meeting are as follows:
    The Board of Directors of Stantec had fixed the number of directors standing for election at the Meeting to be nine.

Stantec reports strong first quarter 2024 results with 19% growth in diluted earnings per share and 23% growth in adjusted diluted earnings per share

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水曜日, 5月 8, 2024
STN, DSO, TSX, Ecosystem, Transport, Engineering, Acquisition, EPS, Stantec, Marketing, LTIP, Energy, Morrison Hershfield

EDMONTON, Alberta and NEW YORK, May 08, 2024 (GLOBE NEWSWIRE) -- Stantec (TSX, NYSE:STN), a global leader in sustainable design and engineering, today reported its results for the three months ended March 31, 2024.

Key Points: 
  • Stantec delivered strong first quarter earnings driven by continued favorable market conditions and solid operational performance.
  • Adjusted EBITDA margin increased by 90 basis points over Q1 2023 to 15.5%, driven by strong net revenue growth, enhanced project margins, and disciplined cost management.
  • Stantec delivered diluted earnings per share (EPS) of $0.70, and adjusted diluted EPS of $0.90.
  • Excluding the impact of the revaluation, adjusted EBITDA margin was 15.9%, and adjusted diluted EPS was $0.94, respectively.

AECOM joint venture to provide environmental planning services for the U.S. Navy

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木曜日, 5月 9, 2024
Building Systems, Contracts, Alternative Energy, Construction & Property, Energy, Manufacturing, Defense, Other Transport, Military, Transport, Urban Planning, Landscape, Other Energy, Utilities, Architecture, Engineering, Climate change, Pacific Ocean, ACM, NEPA, Partnership, Research, Navy, JV, Stantec, IDIQ, NAVFAC

AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, today announced that its joint venture with Stantec was awarded a five-year environmental planning contract by the Naval Facilities Engineering Systems Command (NAVFAC) Pacific.

Key Points: 
  • AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, today announced that its joint venture with Stantec was awarded a five-year environmental planning contract by the Naval Facilities Engineering Systems Command (NAVFAC) Pacific.
  • The joint venture will deliver environmental planning services, primarily within the Pacific Region, in support of Navy and Marine Corps compliance with the National Environmental Policy Act (NEPA).
  • The scope of work also includes environmental, facilities and land use planning studies.
  • “Our deep expertise in environmental planning, master planning, infrastructure and transportation, coupled with our support of the Navy’s work on resiliency and climate change assessments, has positioned our team as a trusted partner on crucial Navy programs.”

Enbridge Inc. Announces Election of Directors

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木曜日, 5月 9, 2024
Annual general meeting, TSX, AB, Retirement, Stantec, ENB, Holding company

CALGARY, AB, May 8, 2024 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) held its Annual Meeting of Shareholders today.

Key Points: 
  • CALGARY, AB, May 8, 2024 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) held its Annual Meeting of Shareholders today.
  • "On behalf of the Board of Directors of Enbridge, we are pleased to welcome Theresa to the Enbridge Board.
  • We would also like to thank Dan Tutcher for his valuable service and contributions to Enbridge over the years and we wish him well in his retirement," stated Pamela Carter, the Chair of the Board of Directors of Enbridge.
  • The detailed results of the vote for the election of directors are set out below.

AtkinsRéalis & Stantec Joint Venture wins place on the UK's largest water resource program

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金曜日, 5月 3, 2024
Digital technology, Climate change, Drinking water, Transport, Havant Thicket Reservoir, Population growth, TSX, ATRL, Engineering, Environment, Water, Stantec, SRO

Thames Water, the UK's largest water company, is rolling out its plan to secure water supplies for the future and has appointed the AtkinsRéalis Stantec Joint Venture to deliver on a number of solutions for its customers and stakeholders in the southeast of England.

Key Points: 
  • Thames Water, the UK's largest water company, is rolling out its plan to secure water supplies for the future and has appointed the AtkinsRéalis Stantec Joint Venture to deliver on a number of solutions for its customers and stakeholders in the southeast of England.
  • The framework will give Thames Water access to professional support services worth up to £300 million across three separate joint venture consortia (including the AtkinsRéalis Stantec JV) as it works to advance a number of strategic projects.
  • The measures outlined by Thames Water are designed to safeguard supplies and decrease water shortages during prolonged drought periods.
  • The AtkinsRéalis Stantec JV will deploy a range of tools to support strategic water resource planning as well as environment-led design, and a clear and understandable digital system strategy for Thames Water.

COFCO, a Henricksen Company, opens new Experience Center in Center City, Philadelphia

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木曜日, 4月 11, 2024
Education, Table, Business development, Partnership, Henriksen, Culture, A&D, Art museum, Center City, Philadelphia, Stantec, Town hall, Interior design

PHILADELPHIA, April 11, 2024 /PRNewswire/ -- COFCO, a Henricksen company ("COFCO"), is pleased to announce the launch of its new Experience Center located on the 16th floor of the 3 Parkway building (1601 Cherry St.) in Center City, Philadelphia.

Key Points: 
  • PHILADELPHIA, April 11, 2024 /PRNewswire/ -- COFCO, a Henricksen company ("COFCO"), is pleased to announce the launch of its new Experience Center located on the 16th floor of the 3 Parkway building (1601 Cherry St.) in Center City, Philadelphia.
  • The Experience Center will serve as a dynamic hub for architectural and design professionals, contractors, project managers, commercial real estate brokers, and corporations alike.
  • This beautiful new space is conveniently located overlooking City Hall and the Art Museum on Ben Franklin Parkway in Center City Philadelphia.
  • The launch of the Experience Center marks a significant milestone for COFCO, a Henricksen Company, known for its 78-year legacy in the Philadelphia market.

Stantec reports $3.9 billion of 2023 revenue aligned with Sustainable Development Goals in 17th annual Sustainability Report

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火曜日, 4月 2, 2024
Carbon, Federal Highway Administration, Transport, Stantec, Syngnathidae, Biodiversity, Plant, Engineering

The size of three Olympic swimming pools, the new works will reduce operational costs by 40 percent and provide carbon savings of 79 percent.

Key Points: 
  • The size of three Olympic swimming pools, the new works will reduce operational costs by 40 percent and provide carbon savings of 79 percent.
  • Aligned with Canada Green Buildings Council’s Zero Carbon Building Standards, the project will be Manitoba’s first commercial building to achieve Passive House Certification.
  • Stantec worked to install seahorse hotels to help recover population and habitat, including relocation of the species—essentially moving them out of harm’s way.
  • Stantec’s Sustainability Report—which is compliant with the Global Reporting Initiative, Sustainability Accounting Standards Board, and Task Force on Climate-Related Financial Disclosures requirements—captures annual Company ESG performance for the year ending December 31, 2023.

CDM Smith Advances Digital Mastery with Strategic Hire and New Digital Hub

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火曜日, 3月 19, 2024
NCARB, Innovation, Environment, Digital, Transport, The Digital Hub, Stantec, AEC, Engineering, AIA, CDM, Water, Workforce, Information officer, Digital technology, CDM Smith

Leading the Digital Hub is our strategic new hire, Andrea Springer, AIA, NCARB, who steps into the role of Vice President of Digital Engineering Solutions.

Key Points: 
  • Leading the Digital Hub is our strategic new hire, Andrea Springer, AIA, NCARB, who steps into the role of Vice President of Digital Engineering Solutions.
  • Her appointment is pivotal, reflecting our strategic emphasis on the Digital Hub's role in shaping our digital future.
  • "Bringing Andrea Springer on board marks a defining moment for CDM Smith's digital journey.
  • Through this initiative, we will continue reinforcing our digital foundations, ensuring CDM Smith remains synonymous with technological advancement in the AEC industry.

American Rare Earths’ Scoping Study confirms low-cost, scalable world-class REE project

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月曜日, 3月 18, 2024
Tetra, Silica gel, Temperature, Mining, Target, ARR, Mineral Resources Limited, Newmont, Filtration, ESG, ASARCO, Thorium, Economic development, ASX, Public expenditure, Environmental quality, Measurement, Molycorp, Stantec, UP, Base case, Society, Competent person, REE, Mineral, Tetra Tech, Engineering, BNSF, IRR, Chemical engineering, NPV, Resource, Allanite, Cowboy, Goldcorp, Metamictisation, Work, Rare-earth element

We note these prices are not sustainable given current prices are at the cash costs of China Northern Rare Earths.

Key Points: 
  • We note these prices are not sustainable given current prices are at the cash costs of China Northern Rare Earths.
  • The inferred Mineral Resource is not the determining factor in determining the viability of the Halleck Creek Rare Earths project.
  • American Rare Earths (ASX: ARR | OTCQX: ARRNF and AMRRY) owns the Halleck Creek, WY and La Paz, AZ rare earth deposits.
  • The Company’s flagship project at Halleck Creek, WY, has the potential to become the largest and most sustainable rare earth projects in North America.

Stantec announces record 2023 earnings, dividend increase of 7.7%, and planned retirement of CFO Theresa Jang

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水曜日, 2月 28, 2024
Acquisition, Annual report, Marketing, Transport, Water, Stantec, Exercise, Treasury, ESD, City, Morrison Hershfield, LTIP, Engineering, Energy, EPS, GBP, Ecosystem

EDMONTON, Alberta and NEW YORK, Feb. 28, 2024 (GLOBE NEWSWIRE) -- TSX, NYSE:STN Stantec, a global leader in sustainable design and engineering, today reported its results for the fourth quarter and year ended December 31, 2023.

Key Points: 
  • Stantec now expects that net revenue will increase between 11% and 15% in 2024.
  • Net revenue increased 13.7%, or $609.0 million, to $5.1 billion compared to 2022, primarily driven by 9.9% organic growth and 1.5% acquisition growth.
  • Water delivered exceptional organic growth of 20%, while Environmental Services and the United States achieved double-digit organic growth.
  • The revaluation of Stantec's LTIP in Q4 2023, primarily due to strong share price appreciation, contributed to a lower margin.