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Stantec to provide engineering services for new commercial port of entry in Douglas, Arizona
GlobeNewswire News Room· 2024-11-13 19:45
DOUGLAS, Ariz. and EDMONTON, Alberta and NEW YORK, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Stantec, a global leader in design and engineering, along with design-build partners general contractor Hensel Phelps, and architect Jones Studio, have been awarded a US$274.7 million contract by the U.S. General Services Administration (GSA) for a new commercial inspection port along the Mexico border in Douglas, Arizona. The port will increase capacity and facilitate lawful trade and travel between the US and Mexico.  St ...
Stantec (STN) - 2024 Q3 - Earnings Call Transcript
2024-11-09 01:22
财务数据和关键指标变化 - 2024年第三季度毛收入增长至19亿加元,同比增长近14%,净收入为15亿加元,同比增长近16%,项目占净收入的比例为54.3%,较2023年第三季度下降50个基点[14][15] - 本季度调整后的EBITDA利润率为18%,年初至今的EBITDA利润率为16.7%,本季度调整后的稀释每股收益同比增长14%至1.30加元[16] - 今年前九个月运营现金流达到2.96亿加元,季度末DSO为80天,净债务与调整后EBITDA比率为1.5倍,较第二季度末的1.7倍有所下降[17][18] 各条业务线数据和关键指标变化 - 水和建筑业务实现双位数有机增长,能源与资源业务除外的各业务运营单位均实现有机增长,能源与资源业务本季度全球略有收缩[4][5] - 美国业务净收入增长9%,其中有机增长5.6%,收购增长约2%,加拿大净收入增长近18%,其中有机增长9%,收购增长8.5%,全球业务净收入增长超30%,其中收购增长22%,有机增长近6%[8][9][11] - 建筑业务在迪拜癌症中心和英国40亿英镑的电池制造工厂项目持续推进,实现16%的有机增长,环境服务业务在欧洲能源转型项目中持续实现强劲有机增长[12] 各个市场数据和关键指标变化 - 美国公共和私人投资使各业务运营单位实现稳健有机增长,基础设施领域的重大交通、铁路、道路和住宅开发项目推动双位数有机增长,水业务利用公共部门和工业需求以及大型水安全项目实现增长,建筑业务在多数子行业需求强劲[8] - 加拿大基础设施、建筑和水业务均实现双位数有机增长,基础设施团队在加拿大西部的主要道路项目、加拿大东部的交通和铁路项目以及阿尔伯塔省的土地开发项目工作量显著增加,建筑业务在医疗、市政和教育领域表现出色,水业务在全国范围内的大型废水项目中表现优异[10] - 英国、新西兰和澳大利亚的水业务通过长期框架协议和公共部门对水基础设施的投资实现强劲有机增长[11] 公司战略和发展方向和行业竞争 - 公司将继续执行2024 - 2026年战略计划,对净收入范围的下限提高到14.5% - 15%,维持调整后EBITDA利润率目标为16.5% - 16.9%,预计调整后稀释每股收益增长将在16% - 18%之间,调整后ROIC将高于12%[31][32][33] - 公司并购渠道仍有显著增长机会,并购管道充足,在加拿大、美国、英国、北欧、澳大利亚和新西兰等地均有机会,在加拿大有整合机会,在美国有扩大规模的机会,在英国除水业务外的其他领域有拓展机会[54][55][56][57] 管理层对经营环境和未来前景的评论 - 气候变化、基础设施老化、行业转型、生产回流和增量与突破性技术等因素继续推动需求,公司在各地区和业务运营单位需求强劲[4] - 尽管管理层换届,但公司对业务前景持乐观态度,认为无论是共和党还是民主党执政,公司都能表现良好,且新政府可能带来经济机会[47][48][49] - 公司对水业务前景充满信心,认为选举对美国水业务影响不大,水业务仍有大量机会[68][69][70] 其他重要信息 - 公司在Newsweek发布的2025年加拿大最负责任公司名单中排名第一,在700多家加拿大大型公私企业中,基于30多个关键绩效指标评估以及4000多名加拿大消费者的企业社会责任声誉调查,公司在治理方面得分最高,达到100分[6][7] - 本季度末公司的积压订单达到创纪录的73亿加元,自2023年12月以来,实现了9.5%的收购增长和近5%的有机增长[23] 问答环节所有的提问和回答 问题: 水和建筑业务双位数增长的可持续性以及能源与资源业务下一季度的预期 - 水业务在加拿大、美国、澳大利亚和新西兰的框架协议以及在英国和爱尔兰赢得的20多个AMP8框架协议使其未来几年有强劲增长,建筑业务尽管行业指数表现不佳,但公司近年来有机增长良好,预计未来将继续增长,能源与资源业务预计第四季度将恢复有机增长,该业务的积压订单同比增长约9%,支持这一预期[36][37][38][39][40] 问题: 与一年前相比利润率略有下降,是否与长期激励计划有关,还是支持投标活动的成本增加 - 作为净收入的百分比,本季度管理费用为37.5%,较去年的37.3%略有上升,这反映了去年的一些收益,今年的股权补偿相对中性,调整后相对外部显示有所增加,主要是由于员工培训和收购整合,以及员工从去年的主要项目转移到今年导致利用率略低,但都在预期之内,对未来进展感到满意[43][44][45] 问题: 对选举结果的看法以及是否需要做出调整 - 公司对业务前景持中性态度,无论哪个政党执政,公司都有良好表现,IIJA、CHIPS法案对公司有利,IRA资金大部分已分配到共和党州,特朗普可能带来的关税政策可能促使制造业回流,公司已接到相关客户咨询,对未来经济机会感到乐观[47][48][49] 问题: 与12个月前相比,并购管道是否同样繁忙或健康 - 公司的并购管道非常充实,不仅在加拿大和美国,在全球其他国家也是如此,涵盖各种规模的公司,对整体并购管道感觉良好,对竞争环境也有信心[54][55] 问题: 在增加新业务板块时,是否有特定的终端市场希望加强业务 - 在加拿大有一些整合机会,在美国有将规模翻倍的机会,在英国除水业务外的其他领域有拓展机会,对北欧、澳大利亚和新西兰也有兴趣,重点关注加拿大、美国、英国、北欧、澳大利亚和新西兰[56][57] 问题: 对英国市场的看法以及市场变化对公司业务的影响 - 在英国,AMP8周期即将到来,预计12月将确定AMP8项目的规模,有迹象表明资金将增加40% - 50%,公司已获得20多个新的AMP框架,水业务增长强劲,住房方面,新政府计划减轻监管负担以增加住房建设,公司有相关服务协议,这些对公司都是积极的推动因素[63][64][65] 问题: 近期并购对利润率的影响以及与设计中心机会的联系 - 从并购和整合的角度来看,对目前已整合的四个项目非常满意,没有异常情况,对利润率和管理成本占净收入的百分比表现满意,对第四季度到2025年的发展有积极影响[66] 问题: 选举对美国水业务的潜在影响,特别是PFAS更新工作和其他水基础设施项目的潜在资金分配 - IIJA中有用于水项目增强的资金,PFAS监管限制或工作时间表是否会改变仍有待观察,但选举对公司水业务的影响在未来几年将非常小,美国水业务仍有大量机会[68][69][70]
Stantec (STN) - 2024 Q3 - Earnings Call Presentation
2024-11-08 22:31
业绩总结 - 2024年第三季度净收入为15亿美元,同比增长15.8%[4] - 调整后的EBITDA为2.75亿美元,同比增长13.8%,调整后的EBITDA利润率为18.0%[4] - 调整后的每股收益为1.30美元,同比增长14%[4] - 2024年第三季度的现金流为2.61亿美元,股东回报为6800万美元[9] - 公司的总回款额为72亿美元,较上一季度增长[11] 用户数据与增长 - 基于2024年第三季度的财务数据,公司的有机增长率为6.5%,收购增长率为7.8%[4] - 基础设施、建筑和水务部门均实现了双位数的有机增长,基础设施部门的增长主要得益于交通、铁路和道路基础设施项目[5][6] 未来展望 - 2024年调整后的每股收益增长预期为16%至18%[14] - 2024年调整后的EBITDA占净收入的比例预期在16.5%至16.9%之间[14] - 公司的净债务与调整后EBITDA的比率目标为1.0x至2.0x[9]
Stantec (STN) Q3 Earnings and Revenues Beat Estimates
ZACKS· 2024-11-08 10:11
Stantec (STN) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.90 per share. This compares to earnings of $0.85 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.56%. A quarter ago, it was expected that this engineering firm would post earnings of $0.81 per share when it actually produced earnings of $0.82, delivering a surprise of 1.23%.Over the last four quarters, the company ha ...
Stantec reports strong third quarter 2024 results, raises adjusted diluted EPS guidance and achieves record backlog of $7.3 billion
GlobeNewswire News Room· 2024-11-08 06:05
Q3 2024 Highlights Record net revenue of $1.5 billion, an increase of 15.8% compared to Q3 2023Adjusted EBITDA1 increase of 13.8% to $274.6 million and adjusted EBITDA margin1 of 18.0%Adjusted diluted EPS1 of $1.30, up 14.0% compared to Q3 2023Backlog of $7.3 billion, up 15.9% since December 31, 2023 EDMONTON, Alberta and NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Stantec (TSX, NYSE:STN), a global leader in sustainable design and engineering, released its third quarter 2024 results today which are underpi ...
Stantec (STN) Earnings Expected to Grow: Should You Buy?
ZACKS· 2024-10-31 23:06
Wall Street expects a year-over-year increase in earnings on higher revenues when Stantec (STN) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on November 7. On ...
Stantec to release third quarter 2024 results on November 7, 2024 and host conference call on November 8, 2024
GlobeNewswire News Room· 2024-10-26 03:53
EDMONTON, Alberta, Oct. 25, 2024 (GLOBE NEWSWIRE) -- TSX,NYSE: STN Stantec, a global leader in sustainable design and engineering, will release its third quarter 2024 financial results after markets close on Thursday, November 7, 2024. On Friday, November 8, 2024, at 7:00 AM Mountain Time (9:00 AM Eastern Time), Gord Johnston, president and chief executive officer, and Vito Culmone, executive vice president and chief financial officer, will hold a webcast and conference call to discuss the Company’s perform ...
Stantec Announces Passing of Board Member Dr. Patricia D. Galloway
GlobeNewswire News Room· 2024-10-04 05:10
EDMONTON, Alberta and NEW YORK, Oct. 03, 2024 (GLOBE NEWSWIRE) -- TSX, NYSE:STN Media Contact Danny Craig Director, Public Relations Ph: (949) 632-6319 danny.craig@stantec.com Stantec, a global leader in sustainable design and engineering, announced that Dr. Patricia D. Galloway, a member of its Board of Directors, passed away on Thursday, September 26, 2024. "Pat was a valued member of the Board, colleague and friend, and we are deeply saddened by the news of her passing," said Doug Ammerman, Chair of Stan ...
Stantec: Industry Tailwinds Vs. Valuation Headwinds
Seeking Alpha· 2024-09-05 23:40
We Are Stantec (NYSE:STN) is something of a hidden gem in the Industrials sector. A company specializing in sustainable infrastructure and building projects, it has seen double-digit growth in revenue, earnings per share, and EBITDA over the past few years while increasing its dividend between 6% and 8% over that time. The forward P/E of 26x is lofty but should fall back to the company's historical averages if growth targets for 2025 and 2026 are met. I believe Stantec is positioned to thrive well into the ...
Stantec selected by Los Angeles Department of Water & Power for 5-year US $104-million Master Services Agreement
GlobeNewswire News Room· 2024-08-15 18:45
LOS ANGELES and EDMONTON, Alberta and NEW YORK, Aug. 15, 2024 (GLOBE NEWSWIRE) -- TSX, NYSE:STN Stantec, a global leader in sustainable design and engineering, has been selected by the Los Angeles Department of Water & Power (LADWP) for a new five-year master services agreements (MSA) to upgrade, expand, and modernize the electrical infrastructure in greater Los Angeles. The firm will support LADWP's Power System Reliability Program (PSRP) projects to renew aging infrastructure and assist LADWP in driving t ...