Stantec Inc. STN
General analysis — not personal advice.
Q1 strengthened fundamentals (growth, margin, backlog) and new wins support revenue visibility, but negative operating cash flow tied to working capital/integration plus the sharp drawdown argues for waiting for Q2 and clearer cash-flow normalization.
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Price & valuation
Market sentiment
Why HOLD?
- Hold/wait; consider adding only if cash flow normalizes over the next quarter(s) and the share price stabilizes.
Recent News
- On May 13, 2026 Stantec reported Q1-2026 revenue of $1.7B (+9.1% YoY), adjusted EPS of $1.33 (+14.7%), adjusted EBITDA of $287M (16.9% margin), and record backlog of $9.0B (+13.2%). The company declared a $0.245/share dividend (ex-date June 30, paid July 15). The AGM was held May 14. On May 26 a Stantec/Jacobs JV won a multi-year mandate for Greater Western Water in Melbourne; additional JV awards (including a U.S. Army Corps task order ~US$85M) were reported in early June. Shares fell materially through May despite the strong quarter.
Catalysts
12 Aug 2026 — Q2 2026 earnings
Dilution Risk
Assessment: Low
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