Brief: Stantec Announces 2024 – 2026 Strategic Plan To Deliver Purpose Driven Growth

Stantec

05/12/2023 12:29

Dec 5 (Reuters) - Stantec Inc  STN.TO :
    * STANTEC ANNOUNCES 2024 – 2026 STRATEGIC PLAN TO DELIVER
PURPOSE
DRIVEN GROWTH
    * BY END OF 2026, STANTEC AIMS TO ACHIEVE NET REVENUE OF
$7.5
BILLION
    * BY END OF 2026, STANTEC AIMS TO ACHIEVE ADJUSTED DILUTED
EARNINGS PER SHARE AT A CAGR IN RANGE OF 15% TO 18%
    * BY END OF 2026, AIMS TO ACHIEVE ORGANIC NET REVENUE GROWTH
AT A
THREE-YEAR COMPOUND ANNUAL GROWTH RATE OF GREATER THAN 7%
    * SEES 2024 ADJUSTED DILUTED EPS GROWTH 11% TO 16%
    * EXPECTS THAT NET REVENUE WILL INCREASE BETWEEN 7% AND 12%
IN
2024, WITH ORGANIC NET REVENUE GROWTH IN MID TO HIGH SINGLE
DIGITS
    * CONTINUES TO SEE HIGH LEVELS OF ACTIVITY IN ALL REGIONS
    * 2024 ORGANIC GROWTH IN US AND GLOBAL REGIONS IS EXPECTED
TO BE
IN MID TO HIGH SINGLE DIGITS
    * IN CANADA, 2024 ORGANIC GROWTH IS EXPECTED TO BE IN MID
SINGLE
DIGITS
    * FY2024 EARNINGS PER SHARE VIEW C$4.22, REVENUE VIEW C$5.51
BILLION -- LSEG IBES DATA

Source text for Eikon:  ID:nGNX6FKlrn 
Further company coverage:  STN.TO 

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