Stantec announces record 2024 earnings, increases dividend by 7%, achieves all-time record backlog of $7.8 billion, and provides 2025 outlook

2024 highlights net revenue of $5.9 billion in 2024, an increase of 15.8% over 2023; adjusted ebitda1 of $980.3 million, up 18.0% over 2023, and adjusted ebitda margin1 of 16.7%, a 30-basis point increase over 2023; strong organic growth of 7.4% for the full year driven by 8.6% organic growth in the us, 6% in canada, and 5.8% in global; operating cash flows increased to $603.1 million, up 16.0% over 2023; adjusted diluted eps1 of $4.42, an increase of 20.4% over 2023; backlog of $7.8 billion, up 24.1% since december 31, 2023, and; ranked #8 of the most sustainable corporations in the world by corporate knights, first among peers. edmonton, alberta and new york, feb. 25, 2025 (globe newswire) -- tsx, nyse:stn stantec, a global leader in sustainable design and engineering, released its results today for the fourth quarter and year ended december 31, 2024.
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