The adjusted EPS beat and record backlog support the stock, but the revenue miss and negative operating cash flow from Page integration create near-term uncertainty. Watch for organic growth acceleration in the US in subsequent quarters and margin progression toward the 2026 target range.
Price Chart
Executive Summary
Stantec reported Q1 2026 adjusted EPS of $1.33, beating the consensus estimate of $1.29 by 3.1%, and net revenue of $1.69B, slightly below the $1.71B consensus. The company reaffirmed its 2026 guidance for mid-to-high single-digit organic growth and adjusted EBITDA margin expansion to 17.6%-18.2%, but operating cash flow turned negative due to Page integration costs, tempering the beat.
Key Financial Metrics
Key Facts
- Adjusted EPS of $1.33 beat consensus of $1.29 by 3.1%.
- Net revenue of $1.69B missed consensus of $1.71B by 1.2%.
- Net revenue grew 9.1% YoY, with 3.6% organic and 7.2% acquisition growth.
- Adjusted EBITDA margin expanded 70 bps to 16.9%.
- Contract backlog reached a record $9.0B, up 13.2% YoY.
- Operating cash flow was -$2.3M vs +$100.7M a year ago, due to Page integration and working capital investment.
- Reaffirmed 2026 guidance: net revenue growth 8.5%-11.5%, adjusted EBITDA margin 17.6%-18.2%, adjusted EPS growth 15%-18%.
- Dividend declared at $0.245/share, up from $0.225 a year ago.
Financial Impact
Adjusted EPS beat by $0.04 (3.1%), but revenue missed by ~$16M (0.9%). Operating cash flow swung negative by $103M YoY.
Risk Factors
- Page integration disruption may continue to pressure working capital and cash flow.
- Revenue miss vs consensus could weigh on sentiment despite EPS beat.
- Organic growth of 3.6% is below the mid-to-high single-digit annual target, requiring acceleration.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3294500 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 18, 2026 6w ago | Press Release | $74.20 $71.47 | ▼ −3.69% | ▼ −2.70% | $67.47 (−9.07%) |
Aug 12, 2026 7w ago | 6-K | $74.01 $69.66 | ▼ −5.88% | ▼ −4.13% | $67.47 (−8.84%) |
Aug 12, 2026 7w ago | 6-K | $74.01 $69.66 | ▼ −5.88% | ▼ −4.13% | $67.47 (−8.84%) |
Aug 12, 2026 7w ago | Press Release | $74.01 $69.66 | ▼ −5.88% | ▼ −4.13% | $67.47 (−8.84%) |
Jul 30, 2026 9w ago | 6-K | $69.44 $74.71 | ▲ +7.59% | ▲ +3.62% | $67.47 (−2.84%) |
Jul 15, 2026 11w ago | 6-K | $70.45 $74.01 | ▲ +5.05% | ▲ +1.44% | $67.47 (−4.23%) |
Jul 9, 2026 12w ago | 6-K | $68.80 $73.11 | ▲ +6.26% | ▲ +4.02% | $67.47 (−1.93%) |
Jul 9, 2026 12w ago | Press Release | $68.80 $73.11 | ▲ +6.26% | ▲ +4.02% | $67.47 (−1.93%) |
Jun 18, 2026 15w ago | 6-K | $67.69 $70.45 | ▲ +4.08% | ▲ +3.54% | $67.47 (−0.33%) |
Jun 17, 2026 15w ago | 6-K | $67.69 $70.45 | ▲ +4.08% | ▲ +3.54% | $67.47 (−0.33%) |
US Market Status
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