STANTEC Business Summary

Stantec Inc. (STN) is a global leader in sustainable design and engineering, generating revenue through professional service fees across five primary segments: Infrastructure, Water, Buildings, Environmental Services, and Energy & Resources. Its business model relies on a mix of time-and-materials and fixed-fee contracts, with the United States serving as its largest geographic revenue driver. As of February 2026, the company is nearing the conclusion of its 2024–2026 Strategic Plan, which targets CA$7.5 billion in net revenue by prioritizing high-growth initiatives in climate solutions, future technology, and resilient infrastructure. Stantec competes directly with WSP Global, AECOM, and Jacobs Solutions, positioning itself as a high-margin, design-led consultancy with a specialized dominance in water and environmental science, which distinguishes it from competitors that maintain heavier footprints in lower-margin construction labor. The company is led by President and CEO Gord Johnston, a 30-year veteran of the firm who has overseen significant margin expansion and strategic acquisitions since taking the helm in 2018. The executive team was further bolstered in late 2024 with the appointment of Vito Culmone as CFO, an industry veteran with over 35 years of financial leadership experience at MDA, Shaw Communications, and WestJet. Operational execution is managed by Catherine Schefer (COO, Global) and Susan Reisbord (COO, North America), who oversee a workforce of approximately 32,000 employees. Founded in 1954 by Dr. Don Stanley in Edmonton, Stantec is a publicly traded entity on the TSX and NYSE, governed by an experienced board chaired by Douglas Ammerman and featuring recent strategic additions such as Christopher Lopez and Richard Eng to enhance governance in digital transformation and international markets.