$STN

Shares of Canadian companies with U.S. government contracts fell after President Trump threatened to bar Canadian-origin products from federal contractors. Affected firms include CGI Inc., WSP Global Inc., AtkinsRealis Group Inc., Stantec Inc., and Aecon Group Inc. CGI's U.S. government revenue is estimated at 15-20% of total revenue, according to National Bank of Canada analyst Doug Taylor.

Stantec (TSX:STN) reported Q2 2026 results with 11.5% net revenue growth, 18.7% adjusted EBITDA margins, and a $9.2B backlog. The company raised full-year margin guidance. Despite this, its share price is down 23.78% year-to-date. Analysts suggest the stock is undervalued at CA$100.67, with a fair value estimate of CA$143.91, citing strong infrastructure demand and growth prospects.

Stantec (TSX:STN) increased its share buyback authorization to 5,703,349 shares, or 5% of outstanding shares, on August 18, 2026. The company reaffirmed its 2026 net revenue growth guidance of 8.5% to 11.5%. Stantec projects CA$8.1 billion revenue and CA$917.6 million earnings by 2029, requiring 6.9% yearly revenue growth. Fair value estimates for Stantec range from CA$132.8 to CA$153.97.

The City of Toronto selected Stantec to design and oversee construction of a new 600-million-litre-per-day High Rate Treatment Facility. The project aims to reduce sewer overflows and improve water quality in local waterways. Stantec will use a collaborative delivery model, with construction expected to complete in 2036. The facility is part of Toronto's broader wet weather flow management program, according to Stantec.

Stantec, an engineering and environmental services firm, has acquired Sydney-based Niche, a 200-person environmental consultancy, to expand its presence on the east coast. The acquisition price was not disclosed.

Stantec (STN) reported Q2 2026 net revenue of $1.78B, up 11.5% YoY, with adjusted EBITDA of $332.9M (up 17.1%). Adjusted EPS grew 18.4% to $1.61. The company raised its adjusted EBITDA margin guidance to 17.8%-18.3% and announced a $13B Meta data center contract. Management noted flat organic growth in the quarter but expects acceleration in H2 2026.

Stantec (STN) reported Q2 2026 earnings with net revenue of $1.8B, up 11.5% YoY. Growth was driven by 3.7% organic and 7.1% acquisition growth. Adjusted EBITDA margin increased to 18.7%. The company announced the acquisition of Niche, a 200-person firm in Australia, and repurchased 1.7M shares. Backlog reached a record $9.2B, up 17.5% YoY. Stantec secured notable projects, including Meta's data center in Alberta and water infrastructure projects in the U.S. and Australia.

Stantec Inc. increased its equity buyback plan to 5,703,349 shares, up from 2,281,339, representing 5% of its shares. The company provides engineering, architecture, and environmental consulting services. Investors may consider this move as a sign of confidence in the company's financial health and future prospects.

Stantec Inc. received approval from the Toronto Stock Exchange to increase its share repurchase plan to 5% of outstanding shares, up from 2%. The company's shares are trading at $103.91, up $0.78.

Stantec (NYSE:STN) reported Q2 organic growth near 12%, with water up over 20% and energy and resources supported by projects in Chile and Peru. U.S. net revenue rose about 13% on Page acquisition, while U.S. organic growth was flat. Backlog hit a record CAD 9.2B. 2026 outlook: net revenue growth 8.5% to 11.5%, adjusted EBITDA margin 17.8% to 18.3%.