Stantec | Jotup

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.

American Lithium Files Robust PEA for Falchani Hard Rock Lithium Project with Highlights Including a Tripling of After-tax NPV8 to US$5.11 Billion

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月曜日, 2月 26, 2024

“This is a major milestone in the process to complete pre-feasibility and move the Project into mine permitting.

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“This is a major milestone in the process to complete pre-feasibility and move the Project into mine permitting.
The filing of the Semi-Detailed Environmental Impact Assessment late last year also positions the Project to be fast-tracked.
American Lithium is actively engaged in the development of large-scale lithium projects within mining-friendly jurisdictions throughout the Americas.
American Lithium was subsequently notified that INGEMMET and MINEM have filed petitions to the Supreme Court of Peru to assume jurisdiction in the proceedings.

Regulators Validate Smith Foundry Testing

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月曜日, 2月 12, 2024

Regulators from the Environmental Protection Agency (EPA) and the Minnesota Pollution Control Agency (MPCA) have verified the results of independent stack testing at Smith Foundry and confirmed that Smith Foundry’s air emissions are in compliance with its Minnesota air permit and applicable limits.

Key Points:

Regulators from the Environmental Protection Agency (EPA) and the Minnesota Pollution Control Agency (MPCA) have verified the results of independent stack testing at Smith Foundry and confirmed that Smith Foundry’s air emissions are in compliance with its Minnesota air permit and applicable limits.
View the full release here: https://www.businesswire.com/news/home/20240212923502/en/
Reported testing Dec. 2022 comparison to actual testing Dec. 2023 (Graphic: Business Wire)
From the Minnesota Pollution Control Agency:
“The test results, which MPCA shared in late January, verify that Smith Foundry is not emitting more particulate matter than allowed by its permit.
“The test results, in addition to the surprise MPCA inspection we passed in November, confirm that Smith Foundry is meeting the state and federal standards for air quality,” said Adolfo Quiroga, president of Smith Foundry.
I believe that the test results and the repairs, improvements, and investments we’ve made since purchasing Smith Foundry 13 months ago demonstrate that commitment.

Stantec to release fourth quarter and full-year 2023 results on February 28, 2024 and host conference call on February 29, 2024

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水曜日, 2月 7, 2024

TSX, Webcast, STN, Engineering, Stantec

EDMONTON, Alberta, Feb. 07, 2024 (GLOBE NEWSWIRE) -- TSX,NYSE: STN

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EDMONTON, Alberta, Feb. 07, 2024 (GLOBE NEWSWIRE) -- TSX,NYSE: STN
Stantec, a global leader in sustainable design and engineering, will release its fourth quarter and full-year 2023 financial results after markets close on Wednesday, February 28, 2024.
On Thursday, February 29, 2024, at 7:00 AM Mountain Time (9:00 AM Eastern Time), Gord Johnston, president and chief executive officer, and Theresa Jang, executive vice president and chief financial officer, will hold a webcast and conference call to discuss the Company’s performance.

Michael Baker International Names Fred Krumbhaar Chief Financial Officer for Sustainable and Resilient Solutions Vertical

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水曜日, 1月 24, 2024

MEP, Architecture, Business administration, University, Georgetown University, Sustainability, Strategic planning, Stantec, Acquisition, Telecommunications, Engineering, SRS, Growth, Management

PITTSBURGH, Jan. 24, 2024 /PRNewswire/ -- Michael Baker International, a global leader in engineering, planning and consulting services, today announced that Fred Krumbhaar has joined the firm as Chief Financial Officer for the Sustainable and Resilient Solutions (SRS) vertical, which encompasses its mechanical, electrical and plumbing (MEP), structural engineering, architecture, telecommunications, cybersecurity and fire protection services. In this role, Mr. Krumbhaar will provide day-to-day oversight of SRS financial operations, including financial monitoring, financial forecasting and business analysis. He will also contribute to the company's business strategy and organization as it positions commercial growth and expansion into new markets and geographies.

Key Points:

PITTSBURGH, Jan. 24, 2024 /PRNewswire/ -- Michael Baker International , a global leader in engineering, planning and consulting services, today announced that Fred Krumbhaar has joined the firm as Chief Financial Officer for the Sustainable and Resilient Solutions (SRS) vertical, which encompasses its mechanical, electrical and plumbing (MEP), structural engineering, architecture, telecommunications, cybersecurity and fire protection services.
In this role, Mr. Krumbhaar will provide day-to-day oversight of SRS financial operations, including financial monitoring, financial forecasting and business analysis.
"Fred brings more than 25 years of experience to his new role and has proven himself to be a strategic business builder with deep expertise," said Dennis Berlien, P.E., President, Sustainable and Resilient Solutions, at Michael Baker International.
"In his new role, Fred will oversee SRS financial operations as we focus on growing and maturing our business.

Parks Canada's underwater archaeologists complete seasonal research at Wrecks of HMS Erebus and HMS Terror National Historic Site

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月曜日, 1月 22, 2024

The research team conducted sixty-eight dives during a twelve-day period to continue investigating and documenting the wreck of HMS Erebus.

Key Points:

The research team conducted sixty-eight dives during a twelve-day period to continue investigating and documenting the wreck of HMS Erebus.
The Wrecks of HMS Erebus and HMS Terror National Historic Site is co-managed by Parks Canada and the Nattilik Heritage Society.
"The Kitikmeot Inuit Association is pleased that the underwater archaeology team had a successful and safe season at the Wrecks of HMS Erebus and HMS Terror National Historic Site.
This research will help Parks Canada understand climate change-related threats to the wrecks of the HMS Erebus and HMS Terror, and what mitigation measures may be needed.

Stantec announces renewal of Normal Course Issuer Bid and Automatic Share Purchase Plan

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月曜日, 12月 11, 2023

Documentation, Acquisition, Stantec, STN, Calendar, Engineering, TSX, Toronto Stock Exchange, Security (finance)

Pursuant to the NCIB documentation filed with the TSX, Stantec may purchase up to 2,281,339 common shares, representing approximately 2% of Stantec’s 114,066,995 issued and outstanding common shares as of December 1, 2023.

Key Points:

Pursuant to the NCIB documentation filed with the TSX, Stantec may purchase up to 2,281,339 common shares, representing approximately 2% of Stantec’s 114,066,995 issued and outstanding common shares as of December 1, 2023.
From November 16, 2022 to November 15, 2023, Stantec purchased 129,036 common shares at a weighted average price of $77.25 per share.
Outside of these black-out periods, common shares will be purchasable by Stantec at its discretion under its NCIB, once effective.
The ASPP constitutes an “automatic securities purchase plan” under applicable Canadian securities laws.

Stantec Closes $288 Million Bought Deal Offering of Common Shares

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水曜日, 11月 29, 2023

Exercise, Share (finance), Sale, Acquisition, Person, Stantec, News, STN, Treasury, Engineering, TSX, Offering, Security (finance)

EDMONTON, Alberta, Nov. 29, 2023 (GLOBE NEWSWIRE) -- TSX, NYSE:STN

Key Points:

EDMONTON, Alberta, Nov. 29, 2023 (GLOBE NEWSWIRE) -- TSX, NYSE:STN
Stantec Inc. (the “Corporation” or “Stantec”), a global leader in sustainable design and engineering, is pleased to announce that it has closed its previously announced bought deal public offering of common shares (the “Offering”).
Pursuant to the Offering, Stantec issued 3,108,450 common shares (the “Shares”) from treasury, including 405,450 Shares issued in connection with the exercise in full of the over-allotment option granted to the Underwriters (as defined below), at a price of $92.50 per Share, for total gross proceeds of $287,531,625.
The Offering was completed through a syndicate of underwriters (collectively, the “Underwriters”), co-led by National Bank Financial Inc. and CIBC Capital Markets, acting as co-bookrunners.
No securities regulatory authority has either approved or disapproved of the contents of this news release.

Stantec to launch 2024 – 2026 Strategic Plan at Investor Day on December 5, 2023

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火曜日, 11月 28, 2023

Webcast, TSX, STN, Engineering, Stantec

EDMONTON, Alberta, Nov. 28, 2023 (GLOBE NEWSWIRE) -- TSX, NYSE:STN

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EDMONTON, Alberta, Nov. 28, 2023 (GLOBE NEWSWIRE) -- TSX, NYSE:STN
Stantec , a global leader in sustainable design and engineering, will release its 2024 – 2026 strategic plan before markets open on Tuesday, December 5, 2023, ahead of its Investor Day being held in Boston.
Gord Johnston, president and chief executive officer, and Theresa Jang, executive vice president and chief financial officer, along with other members of Stantec’s executive leadership team, will host the Company’s Investor Day.
The live webcast, along with a copy of the presentation, can be accessed through Stantec’s investor relations website on the Events and Presentations page.
For those unable to view the event live, a replay will be available on Stantec’s website shortly after the event.

Stantec-designed billion-dollar lithium-ion battery cell manufacturing facility coming to British Columbia

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水曜日, 11月 22, 2023

Carbon, Architecture, Research, ICT, Electronics, Stantec, Certification, STN, Columbia, Engineering, Growth, TSX, Cell, Climate, CO2, Molicel, LEED, Gold

EDMONTON, Alberta and VANCOUVER, British Columbia, Nov. 22, 2023 (GLOBE NEWSWIRE) -- TSX, NYSE: STN

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EDMONTON, Alberta and VANCOUVER, British Columbia, Nov. 22, 2023 (GLOBE NEWSWIRE) -- TSX, NYSE: STN
Bringing advanced manufacturing and hundreds of jobs to British Columbia, E-One Moli Energy is building a lithium-ion battery cell manufacturing facility in the province.
The CAN $1 billion project will create up to 350 new jobs and secure over 100 existing positions.
Powered by British Columbia’s clean energy supply, the facility will become the largest factory in Canada for high performance lithium-ion battery cells, producing up to 135 million battery cells each year.
“With a substantial investment in efficient energy generation, this transformative manufacturing space will bring opportunity and growth to the people of British Columbia and the Canadian economy.