05:09 PM EDT, 08/07/2024 (MT Newswires) -- Stantec ( STN ) on Wednesday said its second-quarter adjusted profit rose 8.6% on higher revenue.
The engineering and design company said its adjusted profit, excluding most one-time items, rose to $127.2 million, or $1.12 per share, in the period, up from $109.43 million, or $0.99 in the year-prior quarter.
Revenue rose 17% to $$1.49 billion from $1..28 billion.
"Our solid second quarter results reflect continued strong operational performance. We were also extremely busy throughout the second quarter advancing the integration of the ZETCON, Morrison Hershfield and Hydrock acquisitions, supporting our 2,700 new colleagues as they transition onto Stantec's ( STN ) systems and processes," chief executive Gord Johnston noted.
The company said its order backlog stood at $7.2 billion.
The company's shares closed down $1.42 to $115.23 on the Toronto Stock Exchange.