05:28 PM EST, 11/13/2025 (MT Newswires) -- Stantec ( STN ) after trade Thursday posted higher third-quarter earnings and revenue, and updated its 2025 adjusted EBITDA margin outlook.

The engineering and design company reported adjusted earnings, excluding most one-time items, of $174.1 million, or $1.53 per share, up from $147.9 million, or $1.30, a year ago. FactSet expected $1.53 per share.

Revenue rose to $1.71 billion from $1.52 billion a year prior. FactSet projected $1.71 billion.

"With the close of the Page acquisition in the quarter, and the continued demand we are seeing across all of our operating regions, we expect to deliver another record year for Stantec ( STN ). We continue to make strong progress towards our 2024-2026 Strategic Plan, positioning us to successfully deliver on our targets," Chief Executive Gord Johnston said.

For full-year 2025, the company said it now expects adjusted EBITDA at 17.2% to 17.5% of net revenue, up slightly from the previous range of 17% to 17.4%.

Outlooks for net revenue growth, adjusted net income, adjusted earnings per share growth, and adjusted return on invested capital remain unchanged, according to the statement.

Stantec ( STN ) shares closed down $4.12 to $146.92 on the Toronto Stock Exchange.