Global firm Stantec secures $9B in projects, 13 months of work

Stantec (NYSE/TSX: STN) and JMT were selected by the U.S. Army Corps of Engineers, Charleston District for a US$150 million joint venture to design coastal storm risk management infrastructure for Charleston’s peninsula. The program totals US$1.2 billion and includes storm surge barriers, floodwalls, levees, pump stations, gates, and nature-based features like living shorelines and oyster reefs.

The U.S. Army Corps of Engineers awarded a single task order contract to the Black & Veatch–Stantec joint venture for design and engineering support on the Brandon Road Interbasin Project (BRIP), a Great Lakes invasive-species prevention effort. The $85 million contract covers services over an eight-year ordering period to modify the Brandon Road Lock and Dam, including engineered channel work and deterrent systems, according to the Corps.

The article highlights three TSX stocks for earnings-season catalysts. Stantec reported Q1 2026 net revenue of $1.7B (+9.1%), adjusted EPS $1.33 (+14.7%), and record backlog of $9B, reaffirming mid-to-high single-digit organic growth for 2026. Kinaxis posted record Q1 2026 revenue of US$165.6M (+25%) with SaaS revenue up 21% and ARR up 20% to US$447M. TFI International reported Q1 2026 revenue of US$2B and adjusted diluted EPS of $0.69, but generated US$123.7M free cash flow and raised its quart

Stantec (NYSE: STN) saw multiple analyst rating changes from May 1–19, 2026. CIBC reaffirmed “outperform” (5/19). Weiss Ratings downgraded to “hold” (5/15) and earlier to “hold” (4/6), while ATB Cormark upgraded to “moderate buy” (5/15) and Zacks moved from “strong-buy” to “hold” (5/13). Stantec also declared a $0.245 quarterly dividend, payable July 15 to holders of record June 30.

Stantec and Jacobs have formed a joint venture selected by Greater Western Water to support GWW’s five-year Infrastructure Planning and Delivery Program in western Melbourne, Australia, according to the companies. The team will provide engineering and advisory services for water and sewer planning, designs, assessments, and construction support amid population growth and climate-related risks, plus social procurement and local employment initiatives.

Realty Income (NYSE: O) says it began investing in data centers in late 2023 via a build-to-suit JV with Digital Realty, buying an 80% stake in an up to 48 MW facility. It also formed a hyperscale JV with Cloud Capital, targeting up to $1.4B investment for a 45% stake. Realty Income raised 2024 AFFO guidance to $4.44-$4.45/share and investment outlook to $10B.