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| 165 | | 2/2/2012 | EDMONTON, AB TSX, NYSE:STN Stantec will be releasing its financial results for the fourth quarter of 2011 on Thursday, February 23, 2012. Bob Gomes, president and chief executive officer, and Dan Lefaivre, senior vice president and chief financial officer, will hold a conference call at 2:00 PM MDT (4:00 PM EDT) to discuss the fourth quarter results. Financial analysts who wish to participate in the conference call are invited to call: Toll-free: 1-800-820-0231![Call: 1-800-820-0231]() Provide the confirmation code 1925498 to the first available operator. For all interested investors and the news media, the conference call will be broadcast live and archived in its entirety in the Investors section of www.stantec.com. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets at every stage, from the initial conceptualization and financial feasibility study to project completion and beyond. Our services are provided on projects around the world through approximately 11,000 employees operating out of more than 170 locations in North America and 4 locations internationally. Stantec is One Team providing Integrated Solutions. www.stantec.com Investor Contact Crystal Verbeek Stantec Investor Relations Tel: (780) 969-3349![Call: (780) 969-3349]() crystal.verbeek@stantec.com Media Contact Danny Craig Stantec Media Relations Tel: (949) 923-6085![Call: (949) 923-6085]() danny.craig@stantec.com | | moss_publish | moss_publish | | 164 | | 11/3/2011 | EDMONTON, AB TSX, NYSE:STN 2011 Third Quarter Report (PDF) Today, Stantec announced solid results for the third quarter of 2011, with several key areas of activity to highlight: - Gross revenue growth of 11.3%, driven by multiple projects for national and local clients
- EBITDA growth of 11.9% (excluding Q3 2010 gain from equity investment sale)
- Diluted EPS growth of 14.5% (excluding Q3 2010 after-tax gain from equity investment sale) from strong operational performance
- Completed acquisition to enhance engineering, planning, and environmental services Gross revenue increased 11.3% to C$430.4 million from C$386.7 million in the third quarter of 2010 while net revenue increased 11.7% to C$351.2 million from C$314.5 million. Excluding the impact of a C$7.2 million gain on the sale of equity investments in Q3 10, EBITDA increased 11.9% to C$53.5 million in Q3 11 from C$47.8 million in Q3 10. Excluding the impact of a C$5.9 million after-tax gain on the sale of equity investments in Q3 10, net income increased 13.8% to C$28.9 million in Q3 11 from C$25.4 million in Q3 10, and diluted earnings per share increased 14.5% to C$0.63 in Q3 11 from C$0.55 in Q3 10.
“We continue to show growth and every practice area has continued to win significant projects throughout North America, despite a challenging economy,” says Bob Gomes, Stantec president and chief executive officer. “Through the ongoing efforts of our talented staff and valued clients, we remain on course to achieve our long-term strategic goals for growth.” Results for Q3 2011 were positively impacted by an increase in revenue due to organic growth in three of our five practice area units, acquisitions completed in 2010 and 2011 and by strong activity in the mining and oil and gas sectors. Additionally, Stantec’s results were positively impacted by a reduction in administrative and marketing expenses as a percentage of net revenue from 41.3% in Q3 10 to 40.0% in Q3 11. Projects Supporting Growth The following is an overview of the Company’s project activity in the third quarter–newly awarded and continued–as they relate to top and bottom-line strategic growth initiatives: - Buildings – The Buildings practice area maintained its primary focus on the healthcare and higher education sectors, among others, winning project work reflective of Stantec’s global presence and local relationships. Stantec was selected to provide design service for the 22,300-square-meter (240,000-square-foot) addition to the Brockville General Hospital in Brockville, Ontario, as well as the design of a clean room research facility at Carnegie Mellon University in Pittsburgh, Pennsylvania.
- Environment – Aligned with emerging sectors and markets, Stantec’s Environment practice area secured project work resulting from heightened activity in Canada’s oil and gas sector and on US shale gas development programs. Stantec is also providing a variety of environmental compliance and regulatory support services to SWN Resources Canada, Inc. in support of their shale gas seismic exploration phase in southern New Brunswick.
- Industrial – The Industrial practice area experienced growth in sustaining and securing project work with the world’s top mining companies such as BHP Billiton while winning new contracts during the past quarter with clients such as Lake Shore Gold Corp. Stantec is providing multidisciplinary work on Lake Shore Gold Corp.’s Bell Creek and Thunder Creek Mines in Ontario.
- Transportation – Helping to fuel organic growth, our Transportation practice area has fostered long-term relationships with regional and municipal clients. During the past quarter, Stantec was selected by the Arizona Department of Transportation to provide services for the inspection of the I-10 Deck Park Tunnel in Downtown Phoenix utilizing several Stantec disciplines, including civil, structural, mechanical and electrical inspection services, as well as survey support with the use of laser scanning.
- Urban Land – In the Urban Land practice area, Stantec’s distributed North American presence enhanced the Company’s ability to win residential and non-residential projects in the United States and Canada. Stantec was selected to provide civil engineering, planning, and landscape architecture for the expansion of an existing tower at the Morton Plant Hospital in Clearwater, Florida, and was also awarded a multidisciplinary urban design and engineering project to redevelop the North Mall of the Alberta Legislature grounds in Edmonton, Alberta. This includes the Annex Building, steps of the Legislature Building, and the grounds and fountains of the North Mall.
Continued Growth - On September 2, 2011, Stantec acquired Bonestroo, Inc. and Bonestroo Services, LLC (Bonestroo), which added approximately 275 staff. An engineering, planning, and environmental science firm with offices in Minnesota, Wisconsin, Illinois, Michigan, and North Dakota, Bonestroo extends Stantec’s expertise in several disciplines in which they specialize.
- Subsequent to the quarter, Stantec completed two acquisitions, each expanding the Company’s technical talent base and geographic reach. On October 1, 2011, Stantec acquired FSC Architects and Engineers (FSC) which added approximately 85 staff. FSC is an integrated architecture and engineering firm specializing in cold climate and remote location projects. FSC has offices in Northwest Territories, Yukon, Nunavut, and Alberta. Stantec also acquired Lexington, Kentucky-based ENTRAN, Inc. on October 28, 2011, which added approximately 115 staff specializing in roadway and bridge design, transportation planning and traffic engineering, construction engineering services, and aviation services.
Additional Company Activity - During the quarter, Douglas Ammerman and Delores Etter were appointed to Stantec’s board of directors. A former partner with KPMG, Mr. Ammerman brings nearly 40 years of fiscal and organizational leadership experience. Dr. Etter brings more than 35 years of technical leadership in both the academic and government sectors, including a tenure serving as the assistant secretary of the United States Navy for Research, Development, and Acquisition.
- Stantec recently reached an agreement to amend its existing $350 million revolving credit facility and extend the maturity date to August 2015. As outlined in the MD&A, the credit facility is available for future acquisitions, working capital needs, and general corporate purposes.
- During the quarter Stantec repurchased 334,600 of its shares for C$7.6 million under the Company’s normal course issuer bid with the Toronto Stock Exchange. Stantec believes that, at times, the market price of its common shares does not fully reflect the value of the business or future business prospects and that, at such times, the purchase of its shares represents an attractive, appropriate, and desirable use of available funds.
Conference Call and Company Information Stantec’s third quarter conference call, being held today at 2:00 PM MDT (4:00 PM EDT), will be broadcast live and archived in the Investors section of www.stantec.com. Financial analysts who wish to participate in the earnings conference call are invited to call 1-800-820-0231 and provide the confirmation code 5804124 to the first available operator. View Income Statement and Balance Sheet Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets at every stage, from the initial conceptualization and financial feasibility study to project completion and beyond. Our services are provided on projects around the world through approximately 11,000 employees operating out of more than 170 locations in North America and 4 locations internationally. Stantec is One Team providing Integrated Solutions. Cautionary statements Stantec’s gross revenue, net revenue, and EBITDA are non-GAAP measures. For a definition and explanation of non-GAAP measures, refer to the Critical Accounting Estimates, Developments, and Measures section of the Company’s 2010 Financial Review. This press release contains forward-looking statements concerning Stantec’s future financial performance and future growth. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. We caution readers of this press release not to place undue reliance on our forward-looking statements since a number of factors could cause actual future results to differ materially from the expectations expressed in these forward-looking statements. These factors include, but are not limited to the risk of an economic downturn, changing market conditions for Stantec’s services, disruptions in government funding and the risk that Stantec will not meet its growth targets. Investors and the public should carefully consider these factors, other uncertainties, and potential events as well as the inherent uncertainty of forward-looking statements when relying on these statements to make decisions with respect to our Company. For more information on how other material factors and other factors could affect our results, refer to the Risk Factors section in our 2010 Financial Review and the Caution Regarding Forward-Looking Statements in our 2011 Third Quarter Report. You may obtain these documents by visiting EDGAR on the SEC website at www.sec.gov or on the CSA website at www.sedar.com Media Contact Danny Craig Stantec Media Relations Tel: (949) 923-6085 danny.craig@stantec.com Investor Contact Crystal Verbeek Stantec Investor Relations Tel: (780) 969-3349 crystal.verbeek@stantec.com One Team. Integrated Solutions. | | moss_publish | moss_publish | | 163 | | 10/13/2011 | EDMONTON, AB TSX, NYSE:STN Stantec will be releasing its financial results for the third quarter of 2011 on Thursday, November 3, 2011. Bob Gomes, president and chief executive officer, and Dan Lefaivre, senior vice president and chief financial officer, will hold a conference call at 2:00 PM MDT (4:00 PM EDT) to discuss the third quarter results. Financial analysts who wish to participate in the conference call are invited to call: Toll-free: 1-800-820-0231 . Provide the confirmation code 5804124 to the first available operator. For all interested investors and the news media, the conference call will be broadcast live and archived in its entirety in the Investors section of www.stantec.com. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets at every stage, from the initial conceptualization and financial feasibility study to project completion and beyond. Our services are provided on projects around the world through approximately 11,000 employees operating out of more than 170 locations in North America and 4 locations internationally. Stantec is One Team providing Integrated Solutions. www.stantec.com Investor Contact Crystal Verbeek Stantec Investor Relations Tel: (780) 969-3349 crystal.verbeek@stantec.com Media Contact Danny Craig Stantec Media Relations Tel: (949) 923-6085 danny.craig@stantec.com | | moss_publish | moss_publish | | 160 | | 9/23/2011 | EDMONTON, AB TSX, NYSE: STN
North American design firm Stantec announced today that it has signed a letter of intent to acquire Lexington, Kentucky-based ENTRAN. The 115-person transportation consulting firm also has offices in Chicago, Illinois; Cincinnati, Ohio; Charleston, West Virginia; Louisville, Kentucky; and Nashville, Tennessee. “The addition of ENTRAN will augment Stantec’s transportation practice in the US Southeast and Midwest and expands our aviation services into new markets,” says Scott Murray, Stantec senior vice president of its US East operations. “ENTRAN has a well-established reputation in the region and has been successful in securing large-scale assignments in Kentucky, Ohio, Illinois, West Virginia, and Virginia where our presence is growing.” Founded in 1969, ENTRAN provides a range of transportation infrastructure services, including aviation planning and design, bridge design, roadway design, traffic engineering, transportation planning, and construction engineering services. It is one of the largest providers of general aviation services in Kentucky. ENTRAN’s clients include federal, state, and municipal agencies, with a focus on departments of transportation in Kentucky, Tennessee, West Virginia, Ohio, and Illinois, as well as the US Army Corps of Engineers. “Stantec provides us with the geographic reach and resources we need to continue our expansion and compete for surface transportation and aviation projects of greater size and complexity,” says ENTRAN chief executive officer J. David Sigler. “Becoming part of Stantec’s international network will give our clients access to a much wider range of services and expertise and create new career opportunities for our staff.” ENTRAN’s roster of current projects includes design for: US 460 over Grassy Creek in Buchanan County, Virginia, which will be the tallest bridge in the state of Virginia when complete; US 68 widening in Lexington, Kentucky, which includes the first double crossover diamond interchange in the state of Kentucky and one of only a handful in the country; and the Kennedy Interchange redesign in Louisville, Kentucky, part of the largest public works project in Kentucky history. Other recent signature projects have included program management and design services on the Kingery/Borman Expressway in Cook County, Illinois and Lake County, Indiana; and the Eastern Corridor preliminary engineering/environmental impact statement in Hamilton and Clermont counties, Ohio, which was the first two-tiered EIS process conducted in the state. The firm’s design solutions have garnered top awards from numerous national engineering trade associations, including the 2001 American Council of Engineering Companies (ACEC) Grand Conceptor Award for the cable-stay bridge across the Ohio River at Maysville, Kentucky. Stantec’s current Kentucky operations encompass 200 employees in Lexington and Louisville, providing a range of geotechnical engineering, water infrastructure, GIS, and environmental services. Stantec anticipates the close of the transaction in October. Stantec also announced the completion of its acquisition of Minnesota-based Bonestroo, Inc. The engineering, planning, and environmental science firm has approximately 275 employees in eleven offices in Minnesota, Wisconsin, Illinois, Michigan, and North Dakota. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets at every stage, from the initial conceptualization and financial feasibility study to project completion and beyond. Our services are provided on projects around the world through approximately 11,000 employees operating out of more than 170 locations in North America and 4 locations internationally. www.stantec.com Cautionary note regarding forward-looking statements This press release implies forward-looking statements by indicating our expectation that the proposed transaction will close, and that Stantec will realize certain benefits upon closing. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. There is a significant risk that a number of factors could cause actual future results to differ materially from the forward-looking statements implied in this press release. These factors include, but are not limited to, the risk that the proposed transaction does not close when expected or at all, or that the anticipated benefits of the transaction are not realized. Media Contact Rachel Sa Stantec Media Relations Tel: (416) 598-5699 Cell: (416) 902-0930 rachel.sa@stantec.com Investor Contact Crystal Verbeek Stantec Investor Relations Tel: (780) 969-3349 crystal.verbeek@stantec.com ENTRAN Contact J. David Sigler Chief Executive Officer Tel: (859) 233-2100 dsigler@entran.us One Team. Integrated Solutions. | | moss_publish | moss_publish | | 161 | | 9/19/2011 | Edmonton, AB TSX, NYSE:STN
Stantec has been named one of Canada’s Top Employers for Young People by Canada’s Top 100 Employers competition. First published in 2001, this special designation recognizes employers that are leaders in attracting and retaining younger employees to their organizations. “Being named one of Canada’s Top Employers for Young People is a fantastic achievement,” says Paul Allen, Senior Vice President of Stantec in Canada East. “Our people are our most important competitive resource and this recognition shows that we are providing our young employees with the tools and opportunities they need to build long, successful careers with Stantec.” For this national competition, the editors of Canada’s Top 100 Employers compiled and analyzed data on companies that offer the nation's best benefits for younger workers. Stantec was singled out for its mentorship program, formal leadership training, health benefits, flexible work hours, and career planning services, including a an online career development centre to help employees identify, plan for, and achieve their professional goals. “Stantec recognizes that leadership is hard work, and requires a commitment from the company to invest in young staff,” says Graham Senft, 32, a sustainability consultant and associate in Stantec’s Vancouver office. “That’s why Stantec works to nurture, support, and engage its next generation of leaders. They understand that effective leadership must be developed deliberately over time. It doesn’t happen by accident.” In April, Stantec was named one of Canada’s Greenest Employers while, in February, The Financial Post named Stantec one of the Ten Best companies to Work For. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets at every stage, from the initial conceptualization and financial feasibility study to project completion and beyond. Our services are provided on projects around the world through approximately 11,000 employees operating out of more than 170 locations in North America and 4 locations internationally. Stantec is One Team providing Integrated Solutions. Media Contact Rachel Sa Stantec Media Relations Tel: (416) 598-5699![Call: (416) 598-5699]() Cell : (416) 902-0930![Call: (416) 902-0930]() rachel.sa@stantec.com One Team. Infinite Solutions. | | moss_publish | moss_publish | | 159 | | 9/16/2011 | EDMONTON, AB TSX, NYSE:STN Aram H. Keith, Chair of the Board of Directors of Stantec announced today that Doug Ammerman and Delores Etter have been appointed to the Board of Directors of the company. To this position, Ammerman brings nearly 40 years of fiscal and organizational leadership experience, including, 30 years with KPMG, one the nation’s largest financial services firm where he served as a partner. Etter brings more than 35 years of technical leadership – in both the academic and government sectors – with electrical and software engineering, including a tenure serving as the assistant secretary of the Navy for Research, Development and Acquisition. Ammerman will join the Audit and Risk Committee and Etter will join the Corporate Governance and Compensation Committee of the Board of Directors. “We are very pleased to have Mr. Ammerman and Dr. Etter join Stantec’s Board of Directors,” says Keith. “Their demonstrated leadership and acumen for organizational development will be invaluable as our company continues its mission of becoming a top 10 global design firm.” During his service with KPMG, Ammerman served as a national practice partner, a member of its nominating committee for the board of directors and managing partner for its office in Orange County, CA. A recognized leader in company growth and organizational management, Ammerman sits on the boards of directors for Fidelity National Financial, the largest insurance company in the US; Quiksilver; William Lyons Homes and El Pollo Loco, a leading multi-unit, quick-foodservice operator. During the US Reagan Administration, he served as special assistant to the Secretary of the Interior. Ammerman earned his master’s degree in business taxation at the University of Southern California after earning his bachelor’s degree in accounting from California State University Fullerton. An active member of his Southern California community, Ammerman serves on the board of governors for the Balboa Bay Club in Newport Beach, and is a past president of the neighboring Pacific Club. As the most recent in a significant string of academic appointments, Etter is currently a faculty member in the Electrical Engineering Department of Southern Methodist University after holding the Office of Naval Research Distinguished Chair in the Electrical/Computer Engineering Department at the United States Naval Academy. Currently a Senior Fellow of the John Goodwin Tower Center for Political Studies, Etter has authored several textbooks on computer languages and software engineering. Aside from her position as assistant secretary, Etter’s extensive career with the Department of Defense also includes roles as the senior acquisition executive for several joint programs (e.g. Joint Strike Fighter, Mine Resistant Ambush Protect Vehicle), in which she was responsible for broad program execution, planning and evaluation. A member of the National Academy of Engineering, Etter is a Fellow of the Institute of Electrical and Electronic Engineers and the American Society for Engineering Education. A graduate of the University of New Mexico with a PhD degree in Electrical Engineering, Etter is a recipient of the Navy’s Distinguished Public Service Award and the Secretary of Defense Outstanding Public Service Medal. Following the company’s annual general meeting, distinguished Board member Paul Cellucci tendered his resignation from the company board, citing personal health issues as his primary reason. Cellucci has served on the board since 2009, having brought a wealth of experience and leadership expertise in the government sector, including terms as Lieutenant Governor and Governor of the Commonwealth of Massachusetts and US Ambassador to Canada. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets at every stage, from the initial conceptualization and financial feasibility study to project completion and beyond. Our services are provided on projects around the world through approximately 11,000 employees operating out of more than 170 locations in North America and 4 locations internationally. Stantec trades on the TSX and on the NYSE under the symbol STN. Stantec is One Team providing Integrated Solutions. www.stantec.com. Media Contact Danny Craig Stantec Media Relations Tel: (949) 923-6085 danny.craig@stantec.com Investor Contact Crystal Verbeek Stantec Investor Relations Tel: (780) 969-3349 crystal.verbeek@stantec.com | | moss_publish | moss_publish | | 158 | | 9/8/2011 | EDMONTON, AB TSX, NYSE:STN Stantec announced today that it has reached an agreement to amend its existing C$350 million revolving credit facility and extend the maturity date to August 2015. The Company may obtain access to an additional C$75 million under the same terms and conditions upon approval from its lenders. Stantec will use the credit facility as working capital, and for general corporate purposes. “The recent amendments made to our credit facility are a key component of our long-term financing plan that provides Stantec with the capacity and flexibility to continue to support our growth strategies,” says Dan Lefaivre, Stantec senior vice president and chief financial officer. “The commitment from our lending syndicate demonstrates their confidence in the continued execution of our business plan.” The credit facility is provided by a syndicate of financial institutions led by Canadian Imperial Bank of Commerce as administrative agent, sole lead arranger, bookrunner, syndication agent, and documentation agent. Other current members include the Alberta Treasury Branches; Canadian Western Bank; Bank of America, N.A.; HSBC Bank Canada; and National Bank of Canada. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets at every stage, from the initial conceptualization and financial feasibility study to project completion and beyond. Our services are provided on projects around the world through approximately 11,000 employees operating out of more than 170 locations in North America and 4 locations internationally. Stantec is One Team providing Integrated Solutions. Media Contact Marti Mueller Stantec Media Relations Tel: (585) 766-8689 marti.mueller@stantec.com Investor Contact Crystal Verbeek Stantec Investor Relations Tel: (780) 969-3349 crystal.verbeek@stantec.com | | moss_publish | moss_publish | | 157 | | 9/1/2011 | For Immediate Release EDMONTON AB TSX, NYSE:STN North American design firm Stantec announced today that it has signed a letter of intent to acquire Yellowknife-based FSC Architects & Engineers. The multidisciplinary consulting firm has over 70 employees in four office locations including Yellowknife, Northwest Territories; Whitehorse, Yukon; Iqaluit, Nunavut; and Edmonton, Alberta. “With the FSC team joining Stantec we significantly strengthen our presence in the Canadian North,” says Bob Gomes, Stantec president and chief executive officer. “FSC’s unique cold-weather focus will add a new element to our buildings practice and allows us to offer a complete package of environmental, scientific, engineering, and project management services to FSC’s unique client base.” Founded in 1976, FSC Architects & Engineers is a professional consulting practice with a special interest in cold-climate and remote-location architecture and engineering projects. FSC provides services and expertise within architecture, mechanical, electrical, civil/municipal, structural, and environmental engineering for public and private clients. The firm has a diverse portfolio of projects including the highly acclaimed Northwest Territories Legislative Assembly Building in Yellowknife, the Piqqusilirivvik Inuit Cultural Learning Facility in Clyde River, Nunavut, and the RCMP “V” Division Headquarters in Iqaluit, Nunavut. FSC also designed the Eric Nielson Whitehorse International Airport Expansion in Yukon, and the Yakutsk International Air Terminal Building in Russia. “As part of Stantec, we’ll be able to offer our clients much more than our existing services,” says Rod Savoie, CEO of FSC. “Joining Stantec also gives our employees the expanded career development opportunities that a large North American firm like Stantec can provide.” Stantec has a long history of providing services in the Canadian North, and an existing permanent presence with a small office in Yellowknife. Recently, Stantec announced plans to acquire Bonestroo, Inc, a 275-person firm based in Minnesota, and completed the acquisition of Caltech Group, a 180-person firm headquartered in Calgary, Alberta earlier this year. Stantec was ranked in the top 10 in Building Design magazine’s annual World Architecture 100 survey in 2010 and is the largest architecture practice in Canada. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets at every stage, from the initial conceptualization and financial feasibility study to project completion and beyond. Our services are provided on projects around the world through approximately 11,000 employees operating out of more than 170 locations in North America and 4 locations internationally. Stantec trades on the TSX and on the NYSE under the symbol STN. Stantec is One Team providing Integrated Solutions. www.stantec.com. Cautionary note regarding forward-looking statements This press release contains forward-looking statements. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. There is a significant risk that a number of factors could cause actual future results to differ materially from the forward-looking statements made in this press release. These factors include, but are not limited to, the risk that the proposed transaction does not close when expected or at all or that the anticipated benefits of the transaction are not realized. Media Contact Rachel Sa Stantec Media Relations Tel: (416) 598-5699![Call: (416) 598-5699]() rachel.sa@stantec.com Investor Contact Crystal Verbeek Stantec Investor Relations Tel: (780) 969-3349![Call: (780) 969-3349]() crystal.verbeek@stantec.com FSC Contact Rod Savoie, P.Eng., LEED AP CEO, FSC Architects & Engineers Tel: (867) 633-2400![Call: (867) 633-2400]() One Team. Integrated Solutions. | | moss_publish | moss_publish | | 155 | | 8/18/2011 | EDMONTON, AB, TSX, NYSE:STN WHAT: Stantec is hosting an Investor Day in Boston, Massachusetts, USA, to share information and insights about the Company’s performance, strategy, and outlook with the financial community. WHEN: Tuesday, September 13, 2011: Presentation begins at 12:00 PM EDT (10:00 AM MDT) WHO: These Stantec executives will be discussing end markets and the growth of the Company: Bob Gomes, president and chief executive officer Dan Lefaivre, senior vice president and chief financial officer Rich Allen, senior vice president and chief operating officer Following the presentation, additional leadership will host sessions on Company differentiators and local projects. WHERE: The Harvard Club of Boston, 374 Commonwealth Avenue Boston, MA 02215 The presentation will also be webcast live and archived in its entirety in the Investors section of www.stantec.com. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets at every stage, from the initial conceptualization and financial feasibility study to project completion and beyond. Our services are provided on projects around the world through approximately 11,000 employees operating out of more than 170 locations in North America and 4 locations internationally. Stantec trades on the TSX and on the NYSE under the symbol STN. Stantec is One Team providing Integrated Solutions. Investor Contact Crystal Verbeek Stantec Investor Relations Tel: (780) 969-3349 crystal.verbeek@stantec.com Media Contact Heena Chavda Stantec Media Relations Tel: (780) 917-7441 heena.chavda@stantec.com
| | moss_publish | moss_publish | | 154 | | 8/4/2011 | EDMONTON, AB TSX, NYSE:STN 2011 Second Quarter Report (PDF) Today Stantec announced solid results for the second quarter of 2011, with gross revenue increasing 11.1% to C$412.3 million from C$371.1 million in the second quarter of 2010, net revenue increasing 12.7% to C$342.3 million from C$303.8 million, net income increasing 8.0% to C$25.7 million from C$23.8 million, and diluted earnings per share increasing 7.7% to C$0.56 from C$0.52. “Our performance in the second quarter of 2011 was in line with our expectations at the end of the first quarter,” says Bob Gomes, Stantec president and chief executive officer. “Thanks to the continuing support of our clients and staff, we are on track and expect consistent performance during the remainder of the year.” Major projects awarded to Stantec or under way in the second quarter included, in the Buildings area, a contract to assist major retailer Target with the rollout of its Canadian stores over the next few years. Stantec is providing multidiscipline services including architecture, interior design, structural, mechanical, and electrical engineering. In the Environment area, Stantec secured assignments to provide a variety of environmental compliance and regulatory support services for Talisman Energy’s unconventional gas developments, particularly in relation to its groundwater protection programs; waste management programs; and prevention and preparedness plans at sites in New York, Pennsylvania, and Texas. In the Industrial area, Stantec was chosen by QuadraFNX Mining Ltd. to carry out a prefeasibility study for a proposed nickel-copper mine near Sudbury, Ontario, following the completion of a scoping study in late 2010. This greenfield assignment will also involve preliminary engineering for two planned mine shafts. New projects in the Transportation area included the 2011 biennial inspections of the Bayonne and George Washington Bridges for the New York & New Jersey Port Authority. The Port Authority also selected Stantec to provide aeronautical civil and electrical engineering call-in services at any of its airports in the New York/New Jersey area, including the Newark Liberty International, John F. Kennedy International, Stewart International, Teterboro, and LaGuardia airports. Finally, new projects in the Urban Land area included an assignment to provide planning, landscape architecture, civil engineering, and transportation engineering services for the development of Wescott Park for the City of North Charleston, South Carolina. The new 57-acre park will contain a youth sports complex, complete with baseball fields, a training facility, boardwalks, playgrounds, picnic areas, an amphitheatre, and maintenance facilities. Summary of activity in the quarter:
• Compared to the second quarter of 2010, gross revenue was up 11.1% to C$412.3 million from C$371.1 million, and net revenue was up 12.7% to C$342.3 million from C$303.8 million. Net income was C$25.7 million, up 8.0% compared to C$23.8 million last year, and diluted earnings per share were C$0.56, up 7.7% from C$0.52. • Year-to-date gross revenue was up 10.5% to C$821.0 million from C$742.7 million, net revenue was up 13.1% to C$679.1 million from C$600.6 million, net income was up 23.4% to C$49.5 million from C$40.1 million, and diluted earnings per share were up 24.1% to C$1.08 from C$0.87. • During the second quarter, Stantec acquired the Caltech Group, a consulting engineering firm headquartered in Calgary, Alberta. Along with increasing staff by approximately 200, the acquisition will augment Stantec’s business in the oil and gas and power sectors throughout North America. Stantec also signed a letter of intent to acquire Minnesota-based Bonestroo, Inc. The engineering, planning, and environmental science firm has approximately 275 employees in eight offices in Minnesota, Wisconsin, and North Dakota. • During the second quarter, Stantec’s board of directors elected Mr. Aram H. Keith as its new chair. Mr. Keith has been a member of the board since 2005, when Stantec acquired The Keith Companies, Inc. He cofounded The Keith Companies in 1983 and served as its chief executive officer and board chair until its acquisition. Now retired, he serves on several non-profit boards and is very active in various philanthropic endeavors. • Complete Financial Statements, Notes to the Financial Statements, and Management’s Discussion and Analysis will be filed on SEDAR (www.sedar.com) and EDGAR (www.sec.gov) today, August 4, 2011. Alternatively, these documents will be available to download from the Investors section of www.stantec.com or on request from Stantec free of charge. Stantec’s second quarter conference call, being held today at 2:00 PM MDT (4:00 PM EDT), will be broadcast live and archived in the Investors section of www.stantec.com. Financial analysts who wish to participate in the earnings conference call are invited to call 1-800-820-0231 and provide the confirmation code 6733147 to the first available operator.
Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets at every stage, from the initial conceptualization and financial feasibility study to project completion and beyond. Our services are provided on projects around the world through approximately 11,000 employees operating out of more than 170 locations in North America and 4 locations internationally. Stantec is One Team providing Integrated Solutions. Cautionary statements Stantec’s gross revenue and net revenue are non-GAAP measures. For a definition and explanation of non-GAAP measures, refer to the Critical Accounting Estimates, Developments, and Measures section of the Company’s 2010 Financial Review. This press release contains forward-looking statements concerning Stantec’s future financial performance and proposed acquisition activities. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. We caution readers of this press release not to place undue reliance on our forward-looking statements since a number of factors could cause actual future results to differ materially from the expectations expressed in these forward-looking statements. These factors include, but are not limited to the risk of an economic downturn, changing market conditions for Stantec’s services, disruptions in government funding and the risk that Stantec will not close proposed acquisitions when expected or at all. Investors and the public should carefully consider these factors, other uncertainties, and potential events as well as the inherent uncertainty of forward-looking statements when relying on these statements to make decisions with respect to our Company. For more information on how other material factors and other factors could affect our results, refer to the Risk Factors section in our 2010 Financial Review and the Caution Regarding Forward-Looking Statements in our 2011 Second Quarter Report. You may obtain these documents by visiting EDGAR on the SEC website at www.sec.gov or on the CSA website at www.sedar.com. Media Contact Heena Chavda Stantec Media Relations Tel: (780) 917-7441 heena.chavda@stantec.com Investor Contact Crystal Verbeek Stantec Investor Relations Tel: (780) 969-3349 crystal.verbeek@stantec.com | | moss_publish | moss_publish | | 153 | | 7/28/2011 | For Immediate Release EDMONTON AB TSX, NYSE:STN North American design firm Stantec announced today that it has signed a letter of intent to acquire Minnesota-based Bonestroo, Inc. The engineering, planning, and environmental science firm has approximately 275 employees in eleven offices in Minnesota, Wisconsin, Illinois, Michigan and North Dakota.
“With Bonestroo's expertise and reputation for technical excellence and responsive service, we’ll be better equipped to offer municipal and environmental services in regions of the United States where, to date, we’ve had very limited or no presence,” says Bob Gomes, Stantec president and chief executive officer.
Founded in 1956, Bonestroo, Inc. is a multidisciplinary firm that specializes in municipal engineering, infrastructure planning, streets and utilities design, water supply, water storage, water distribution, brownfields redevelopment, environmental planning, environmental management, environmental compliance, transportation engineering, traffic engineering, bridge design, water resources management, ice design, aquatics design, athletic field design, land use planning, and urban design. Stantec currently has approximately 475 staff and 16 offices in the Midwest and was ranked 16th by ENR Midwest magazine in 2010. In the past 14 months, Stantec has added over 1600 staff across North America and internationally. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets at every stage, from the initial conceptualization and financial feasibility study to project completion and beyond. Our services are provided on projects around the world through approximately 11,000 employees operating out of more than 170 locations in North America and 4 locations internationally. Stantec trades on the TSX and on the NYSE under the symbol STN. Stantec is One Team providing Integrated Solutions. www.stantec.com. Cautionary note regarding forward-looking statements This press release contains forward-looking statements. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. There is a significant risk that a number of factors could cause actual future results to differ materially from the forward-looking statements made in this press release. These factors include, but are not limited to, the risk that the proposed transaction does not close when expected or at all or that the anticipated benefits of the transaction are not realized. Media Contact Heena Chavda Stantec Media Relations Tel: (780) 917-7441 heena.chavda@stantec.com Investor Contact Crystal Verbeek Stantec Investor Relations Tel: (780) 969-3349 crystal.verbeek@stantec.com Bonestroo Contact Jerry Bourdon Bonestroo, Inc. CEO Tel: (651) 604-4830 Jerry.Bourdon@bonestroo.com | | moss_publish | moss_publish | | 152 | | 7/14/2011 | EDMONTON, AB TSX, NYSE:STN Stantec will be releasing its financial results for the second quarter of 2011 on Thursday, August 4, 2011. Bob Gomes, president and chief executive officer, and Dan Lefaivre, senior vice president and chief financial officer, will hold a conference call at 2:00 PM MDT (4:00 PM EDT) to discuss the second quarter results. Financial analysts who wish to participate in the conference call are invited to call, Toll-free: 1-800-820-0231. Provide the confirmation code 6733147 to the first available operator. For all interested investors and the news media, the conference call will be broadcast live and archived in its entirety in the Investors section of www.stantec.com. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets at every stage, from the initial conceptualization and financial feasibility study to project completion and beyond. Our services are provided on projects around the world through approximately 10,500 employees operating out of more than 160 locations in North America and 4 locations internationally. Stantec trades on the TSX and on the NYSE under the symbol STN. Stantec is One Team providing Integrated Solutions. www.stantec.com Media Contact Heena Chavda Stantec Media Relations Tel: (780) 917-7441 heena.chavda@stantec.com Investor Contact Crystal Verbeek Stantec Investor Relations Tel: (780) 969-3349 crystal.verbeek@stantec.com | | moss_publish | moss_publish | | 151 | | 6/27/2011 | EDMONTON, AB TSX, NYSE: STN North American design firm Stantec has published its 2010 Corporate Sustainability Report in which the firm outlines its performance towards environmental, social, and economic goals and identifies several areas targeted for improvement. Says Stantec CEO Bob Gomes, “Over the past two years, we have taken some key steps toward achieving our long-term sustainability goals. We have strengthened our capacity both for measuring and enhancing the sustainability of our operations and services. Building a strong foundation for benchmarking and improving sustainability performance is a critical component of our sustainability strategy.” The report conforms to the G3 Sustainability Reporting Guidelines developed by the Global Reporting Initiative, the internationally recognized standard for such reports. Stantec’s report is available under the Sustainable Solutions section at stantec.com. In 2010, Stantec reported progress on its sustainability goals in a number of key areas: • Formally adopted a corporate sustainability policy • Reported local greenhouse gas emissions inventory data from 95 percent of its offices • Conducted the first environmental footprint of its North American offices • Launched a mandatory business ethics training program • Established Integrated Sustainability Services teams for seven unique client opportunity areas • Launched a company-wide Sustainability Engagement program • Continued progress on adding LEED® certified and LEED registered Stantec offices (now 15) • Recognized with several national sustainability awards related to social responsibility and carbon disclosure • Participated in the design of dozens of LEED registered and certified buildings, including the largest net-zero energy (targeted) building in North America. Stantec also identified several areas for continued improvement including workforce diversity and further enhancing its systems for tracking nonfinancial data such as environmental metrics (e.g. greenhouse gas emissions, energy, materials, and water use). The latter area will be tackled in 2011 by implementing an organization-wide environmental management system (EMS) and registering it to the ISO 14001:2004 Environmental Management Standard. Says Gomes, “Going forward, we are committed to continuously improving our sustainability performance and helping our clients achieve their sustainability goals. In everything we do, we strive to ensure that our operations, business practices and service delivery support environmental, social, and economic responsibility.” Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets, at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 10,500 employees operating out of more than 160 locations in North America. Stantec trades on the TSX and on the NYSE under the symbol STN. Stantec is One Team providing Integrated Solutions. www.stantec.com Media Contact Marti Mueller Stantec Media Relations (585) 766-8689 marti.mueller@stantec.com
| | moss_publish | moss_publish | | 150 | | 5/30/2011 | EDMONTON AB TSX, NYSE:STN Stantec Inc. announced today that a Notice of Intention to renew a Normal Course Issuer Bid has been filed with, and accepted by, the Toronto Stock Exchange, pursuant to which Stantec may purchase, through the facilities of the Toronto Stock Exchange, up to 2,287,592 of its common shares, representing approximately 5% of its issued and outstanding shares. Stantec had a total of 45,751,852 common shares outstanding as at May 16, 2011. The purchases may commence on June 1, 2011, and will terminate no later than May 31, 2012. Except for block purchases permitted under the rules and policies of the TSX, the number of Common Shares to be purchased per day will not exceed 42,972, or approximately 25% of the average daily trading volume for the six full calendar months prior to April 30, 2011. Stantec will make the purchases on the open market in accordance with the rules and policies of the TSX, and the prices that Stantec will pay for any common shares will be the market price of such shares at the time of acquisition.
Stantec believes that, from time to time, the market price of its common shares does not fully reflect the value of its business and its future business prospects. As a result, Stantec believes at such times that its outstanding common shares represent an attractive investment and an appropriate and desirable use of its available funds. Stantec also believes that the purchase of its common shares may be advisable, periodically, to offset the dilution resulting from the exercise of options and the dilution that occurs as a result of common shares issued in connection with acquisitions. Any common shares purchased by Stantec will be cancelled.
As at May 16, 2011, pursuant to its normal course issuer bid in place since June 1, 2010, Stantec has purchased 263,300 Common Shares at a weighted average price of $25.45 per share. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 10,500 employees operating out of more than 160 locations in North America. Stantec trades on the TSX and the NYSE under the symbol STN. Stantec is One Team providing Infinite Solutions. Media Contact Heena Chavda Media Relations Stantec Tel: (780) 917-7441
Investor Contact Crystal Verbeek Investor Relations Stantec Tel: (780) 969-3349
| | moss_publish | moss_publish | | 149 | | 5/17/2011 | EDMONTON AB (May 17, 2011) NYSE, TSX: STN During Stantec’s annual general meeting on May 12, 2011 chair of the board Ron Triffo announced the board’s selection of his successor: Aram H. Keith, who has been a board member since 2005. ”Aram Keith brings invaluable experience as a business leader and has provided great guidance in supporting the Company's growth over the last six years,” says Bob Gomes, Stantec president and chief executive officer. “We are so grateful to Ron Triffo for his leadership over the last 33 years and now look forward to working with Aram in continuing to execute our strategy.” A civil engineer by training, Mr. Keith cofounded The Keith Companies, Inc. in 1983 and served as its chief executive officer and board chairman until its acquisition by Stantec in 2005. During that time, The Keith Companies grew to include 17 offices and over 850 employees and earned a number of project and business honors, including being listed as one of the Top 10 Large Firms to Work For by Civil Engineering News magazine. In 2005, Aram himself was named an Entrepreneur of the Year in Irvine, California, by Ernst & Young. Aram received a bachelor of science degree in civil engineering from California State University at Fresno, where he was recently named one of the Alumni of the Year. Now retired, he serves on several nonprofit boards and is very active in various philanthropic endeavors. He and his wife, Margie, established The Keith Family Foundation, through which they, their children, and their grandchildren serve in humanitarian efforts throughout the world. In particular, their philanthropic work focuses on building homes and providing food, clothing, health care, and assistance to people in need in Armenia, Russia, Rwanda, South Africa, Ecuador, and Costa Rica. The foundation also provides educational scholarships for students in the United States and abroad. Ron Triffo was the chair of Stantec’s board from 1998, following 10 years of serving as the Company’s president and chief executive officer. Mr. Triffo was recently named one of the 100 top business people of the past 100 years by Alberta Venture magazine and will receive an honorary doctor of laws degree from the University of Alberta at this June’s graduation ceremony. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets, at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 10,500 employees operating out of more than 160 locations in North America. Stantec trades on the TSX and on the NYSE under the symbol STN. Stantec is One Team providing Integrated Solutions. www.stantec.com Media Contact Heena Chavda Media Relations Stantec (780) 917-7441 (647) 272-9943 heena.chavda@stantec.com | | moss_publish | moss_publish | | 148 | | 5/13/2011 | EDMONTON, AB (May 13, 2011) TSX, NYSE:STN Stantec announced today that it has successfully issued $70 million in aggregate principal amount of 4.332% senior secured notes due May 10, 2016, and $55 million in aggregate principal amount of 4.757% senior secured notes due May 10, 2018. “This financing is part of our long-term capital plan, which provides interest rate certainty and allows us to continue to execute our growth strategy,” says Dan Lefaivre, Stantec senior vice president and chief financial officer. “We are pleased that we are able to diversify our sources of capital, at favorable rates, with good partners who are willing to invest in our success.” The Company will use the net proceeds from the notes to refinance existing debt. The notes are ranked equally with Stantec’s obligations under its existing revolving credit facility. CIBC World Markets Inc. acted as the Company’s sole bookrunner and private placement agent. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 10,500 employees operating out of more than 160 locations in North America. Stantec trades on the TSX and the NYSE under the symbol STN. Stantec is One Team providing Integrated Solutions. Media Contact Heena Chavda Stantec Media Relations Tel: (780) 917-7441 heena.chavda@stantec.com Investor Contact Crystal Verbeek Stantec Investor Relations Tel: (780) 969-3349 crystal.verbeek@stantec.com One Team. Integrated Solutions. | | moss_publish | moss_publish | | 147 | | 5/12/2011 | EDMONTON, AB TSX, NYSE:STN 2011 First Quarter Report (PDF) Stantec announced today strong results for the first quarter of 2011, with gross revenue increasing 10.0% to C$408.7 million from C$371.6 million in the first quarter of 2010, net income increasing 46.0% to C$23.8 million from C$16.3 million, and diluted earnings per share increasing 48.6% to C$0.52 from C$0.35.
“We began 2011 on a positive note in a slowly recovering economy,” says Bob Gomes, Stantec president and chief executive officer. “Thanks to the continuing support of our clients and staff, we achieved increased revenue and earnings during the first quarter.”
Major projects awarded to Stantec or under way in the first quarter included, in the Buildings area, a contract to design a new hospital in High Prairie, Alberta, as part of the provincial government’s three-year health capital plan to build and update healthcare facilities in small and midsized communities. In the water sector, Stantec continued to secure projects involving the replacement and rehabilitation of aging infrastructure, including a contract to design a new dam across the Kentucky River, as well as improvements to certain locks and dams, which will supply water to 400,000 central Kentucky residents and facilitate recreational traffic. The project complements the award-winning work Stantec has done on Lock and Dam No. 9 in eastern Kentucky. In the Industrial area, Stantec was chosen to act as the owner’s engineer for a SaskPower project that will involve refurbishing a 150-megawatt lignite-fired coal-generating unit at Saskatchewan’s Boundary Dam Power Station and adding a postcombustion carbon capture system to the facility. New projects in the Transportation area included an assignment to provide engineering design and construction management services for developing bridge and retaining wall structures along the Georgetown rail corridor in Toronto, Ontario, for continuing client Metrolinx. Finally, new projects in the Urban Land area demonstrated Stantec’s expertise in revitalizing existing land developments, for example, Victoria Park Lake, a recreational amenity that has been an essential component of the green space in Kitchener, Ontario, for over 100 years. Bringing together diverse disciplines from five Ontario offices, the project will involve providing lake design, park infrastructure improvements, and other services, as well as developing a pilot program for an innovative sediment management approach on the site.
Summary of activity in the quarter
• On a sequential basis, gross revenue increased 6.5% to $408.7 million in the first quarter of 2011 from $383.7 million in the fourth quarter of 2010. Compared to the first quarter of 2010, gross revenue was up 10% to C$408.7 million from C$371.6 million, and net revenue was up 13.5% to C$336.8 million from C$296.8 million. Net income was C$23.8 million, up 46.0% compared to C$16.3 million last year, and diluted earnings per share were C$0.52, up 48.6% from C$0.35.
• During the quarter, Stantec successfully completed the conversion of its financial processes and results to International Financial Reporting Standards (IFRS). The Company’s first quarter 2011 consolidated financial statements are reported under IFRS, along with 2010 comparative figures, as described in its first quarter 2011 Management’s Discussion and Analysis.
• During the first quarter, Stantec acquired QuadraTec Inc., a 50-person consulting company located in St. John’s, Newfoundland and Labrador. QuadraTec is one of Atlantic Canada’s leading mechanical and electrical engineering firms, and its addition will further strengthen the Company’s presence in the Newfoundland and Labrador market.
• Following the quarter-end, Stantec announced that it has signed a letter of intent to acquire the Caltech Group, a more than 180-person consulting engineering firm headquartered in Calgary, Alberta. The acquisition will augment Stantec’s business in the oil and gas and power sectors throughout North America.
• Complete Financial Statements, Notes to the Financial Statements, and Management’s Discussion and Analysis will be filed on SEDAR (www.sedar.com) and EDGAR (www.sec.gov) today, May 12, 2011. Alternatively, these documents will be available to download from the Investors section of www.stantec.com or on request from Stantec free of charge.
At its 2011 annual general meeting today, Stantec will say farewell to Ron Triffo, who is retiring as chair of its board of directors. Mr. Triffo has been associated with the Company since 1977, and his dedication to its success has been exemplary.
Stantec’s Annual General Meeting of Shareholders will be held today (May 12, 2011) at 11:00 AM MDT (1:00 PM EDT) at the Citadel Theatre in Edmonton, Alberta, 9828 – 101A Avenue. The first quarter conference call, being held today at 2:00 PM MDT (4:00 PM EDT), will be broadcast live and archived in the Investors section at www.stantec.com. Financial analysts who wish to participate in the earnings conference call are invited to call 1-800-711-9538 and provide the confirmation code 7611085 to the first available operator. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 10,500 employees operating out of more than 160 locations in North America. Stantec trades on the TSX and the NYSE under the symbol STN. Stantec is One Team providing Integrated Solutions. Cautionary statement Stantec’s gross revenue and net revenue are non-GAAP measures. For a definition of non-GAAP measures, refer to the Critical Accounting Estimates, Developments, and Measures section of the Company’s 2010 Financial Review. Media Contact Heena Chavda Stantec Media Relations Tel: (780) 917-7441 heena.chavda@stantec.com Investor Contact Crystal Verbeek Stantec Investor Relations Tel: (780) 969-3349 crystal.verbeek@stantec.com
| | moss_publish | moss_publish | | 146 | | 5/5/2011 | CALGARY/EDMONTON, AB NYSE, TSX: STN Stantec is pleased to announce it has a signed letter of intent to acquire The Caltech Group. With its two distinct business units—Caltech Senex Oil & Gas and Caltech Utilities—the Caltech Group is an over 180-person consulting engineering firm headquartered in Calgary, Alberta.
“In the last few years, we have been looking to strengthen our power and oil and gas engineering practices in North America,” says Bob Gomes, Stantec president and chief executive officer. “The Caltech Group’s services will augment Stantec’s existing oil, gas, and power business and position Stantec to provide a more diverse range of consulting services in these growing markets.”
The Caltech Group has over 20 years of experience working with leading North American oil, gas, and utility companies. Caltech Senex Oil & Gas provides multidisciplinary engineering, procurement, and construction management services, including studies, front-end engineering and development work, detailed engineering, construction management, commissioning, and start-up, as well as operations support. Caltech Utilities has extensive experience in the design of utility, electrical asset, and telecom facilities, which includes a wide range of client planning, engineering, consulting, and development services.
“Becoming part of Stantec allows us to tap into many more resources, finances, and staffing than we could have had access to as a smaller private company,” says Kelly Gerry, The Caltech Group chief executive officer. “We will continue to work with our existing clients on local projects but now with Stantec’s added disciplines and network of professionals supporting us.”
The Caltech Group’s two Calgary locations will complement Stantec’s existing operations in Alberta and the firm’s North American work in the oil and gas and power sectors.
Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets, at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 10,500 employees operating out of more than 160 locations in North America. Stantec trades on the TSX and on the NYSE under the symbol STN. Stantec is One Team providing Integrated Solutions. www.stantec.com Media Contact Heena Chavda Stantec Media Relations (780) 917-7441 heena.chavda@stantec.com Investor Contact Crystal Verbeek Stantec Investor Relations (780) 969-3349 crystal.verbeek@stantec.com The Caltech Group Contact Kelly Gerry The Caltech Group (403) 216-2140 kgerry@caltechgroup.ca | | moss_publish | moss_publish | | 145 | | 4/28/2011 | EDMONTON AB TSX, NYSE:STN Stantec will be releasing its financial results for the first quarter of 2011 on Thursday, May 12, 2011. Bob Gomes,president and chief executive officer, and Dan Lefaivre, senior vice president and chief financial officer, will hold aconference call at 2:00 PM MDT (4:00 PM EDT) to discuss the first quarter results. Financial analysts who wish to participate in the conference call are invited to call: Toll-free: 800-711-9538 Provide the confirmation code 7611085 to the first available operator. For all interested investors and the news media, the conference call will be broadcast live and archived in itsentirety in the Investors section on www.stantec.com. Stantec’s Annual General Meeting of Shareholders is being held the same day, May 12, 2011, at 11:00 AM MDT(1:00 PM EDT) at the Citadel Theatre in Edmonton, Alberta (9828 – 101A Avenue). The annual general meeting will also be broadcast live and archived in the Investors section on www.stantec.com. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscapearchitecture, surveying, environmental sciences, project management, and project economics for infrastructure andfacilities projects. We support public and private sector clients in a diverse range of markets in the infrastructureand facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond.Our services are offered through approximately 10,500 employees operating out of more than 160 locations inNorth America. Stantec trades on the TSX and the NYSE under the symbol STN. Media Contact Heena Chavda Stantec Media Relations Tel: (780) 917-7441 Investor Contact Crystal Verbeek Stantec Investor Relations Tel: (780) 969-3349
| | moss_publish | moss_publish | | 144 | | 4/4/2011 | WASHINGTON, DC NYSE, TSX: STN American Council of Engineering Companies lauds designers for setting national example for sustainability on commercial properties Stantec’s engineering design and sustainability consulting for one of the country’s largest highly efficient buildings—the Research Support Facility (RSF) on the campus of the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) in Golden, Colo. —was recognized with a national Engineering Excellence Grand Award from the American Council of Engineering Companies (ACEC) on Friday, April 1, 2011. The RSF is intended to serve as a replicable prototype for the commercial building industry. The integrated design and construction experience, informed by NREL’s strict energy performance requirements, is being chronicled and will be shared widely to promote the production of high-performance building designs at competitive costs. “The RSF is a model for ultra energy-efficiency building design moving from concept to the market,” NREL Director Dan Arvizu said. “Buildings account for 40 percent of U.S. energy use and the RSF demonstrates that industry can virtually zero out energy use in large commercial buildings.” The $64 million, 222,000 ft2 office building and data center was recognized as a showcase for energy efficiency and renewable energy technologies. The RSF was designed so that its 800 occupants consume only the amount of energy generated by the renewable power on and near the building. The facility is also expected to achieve the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED®) Platinum rating, the highest standard. “We refer to this approach as energy-led design, because the energy performance requirements drive critical elements of the architecture, engineering and construction solutions. It is best achieved through early and sustained collaboration among the design team and construction contractor, and a strong commitment to sustainable design by the owner and client,” said John Andary, Stantec’s Design Principal on the RSF project. Stantec received one of only eight national Grand Awards, recognized as the “Academy Awards” of the engineering industry, for the mechanical/electrical engineering, sustainable design consulting, and energy simulation services they provided on the project. Among the distinctive high performance building concepts that Stantec brought to the project is a concrete “thermal labyrinth” below the building that stores heat; building-integrated solar energy strategies; a high-performance building envelope; and an array of both passive and active heating and cooling systems integrated in ceilings, flooring, and wall systems. Additionally, Stantec’s team provided counsel on the building’s design and orientation to natural light sources which created optimal daylighting and temperature control in the building. The culmination of sustainable-driven strategies allows the building to consume 50 percent less energy than other buildings erected to current commercial code. Among the other project assets recognized by the ACEC is the educational role that facility serves in allowing the building community and public to observe and study a viable, affordable, highly-efficient building that does not produce carbon emissions. Stantec served as a member of an integrated design-build team of Haselden Construction and the architect, RNL Design, both of Colorado. The ACEC achievement represents the 16th award for NREL and the design and construction team for this ground-breaking project. Project Design Principal, John Andary, PE, LEED AP, accepted the award on behalf of Stantec with Dr. Henry Kelly, Acting Assistant Secretary, Office of Energy Efficiency and Renewable Energy, U.S. Department of Energy and Dr. Dan Arvizu, Director, National Renewable Energy Laboratory. A panel of 28 judges representing a variety of built environment disciplines across the nation selected Excellence in Engineering honorees based on criteria such as uniqueness and originality, technical complexity, social and economic value, and public awareness. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 10,500 employees operating out of more than 160 locations in North America. Stantec trades on the TSX and the NYSE under the symbol STN. NREL is the Department of Energy’s primary national laboratory for renewable energy and energy efficiency research and development. NREL is operated for DOE by The Alliance for Sustainable Energy, LLC. About the ACEC The American Council of Engineering Companies (ACEC) is the voice of America's engineering industry. Council members – numbering more than 5,000 firms representing more than 500,000 employees throughout the country – are engaged in a wide range of engineering works that propel the nation's economy, and enhance and safeguard America's quality of life. These works allow Americans to drink clean water, enjoy a healthy life, take advantage of new technologies, and travel safely and efficiently. The Council's mission is to contribute to America's prosperity and welfare by advancing the business interests of member firms. Contact Marti Mueller Stantec Media Relations (585) 766-8689 marti.mueller@stantec.com Heather Lammers NREL Media Relations (303) 275-4084 heather.lammers@nrel.gov | | moss_publish | moss_publish | | 143 | | 2/24/2011 | EDMONTON, AB (TSX, NYSE:STN) Financial Review Committee Package (PDF)
Stantec announced today strong results for the full year of 2010. Gross revenue was C$1,513.1 million, and net revenue was C$1,226.0 million. Net income was C$93.6 million, up 67.4% compared to C$55.9 million last year, and diluted earnings per share increased 67.2% to C$2.04 from C$1.22. Excluding the impact of one-time items recorded in 2010 and 2009, net income increased 4.8% to $95.3 million from $90.9 million in 2009, and diluted earnings per share increased 5.1% to $2.08 from $1.98. “2010 was a year of stability and strength for our Company,” says Bob Gomes, Stantec president and chief executive officer. “While the economic environment remained challenging, we improved our performance and expanded our operations in some of our key markets. Our performance was largely due to our clients, who continued to entrust us with their projects in a difficult economy. We are also grateful to our employees for managing these projects efficiently and working as One Team to provide high-quality, integrated services.” The fourth quarter of 2010 was a good example of the Company’s success in continuing to manage its operations efficiently. Gross revenue increased 11.9% to $383.7 million compared to $342.8 million for the same period in 2009, net revenue increased 13.1% to $310.9 million from $274.8 million, net income increased 9.6% to $25.1 million from $22.9 million, and diluted earnings per share increased 10.0% to $0.55 from $0.50. Summary of 2010 financial results:
• Gross revenue was C$1,513.1 million, and net revenue was C$1,226.0 million. Net income was C$93.6 million, up 67.4% compared to C$55.9 million last year, and diluted earnings per share increased 67.2% to C$2.04 from C$1.22. Excluding the impact of a $5.9 million after-tax gain on the sale of equity investments in 2010, the tax impact of a reorganization of the Company’s corporate structure in 2010, and the impact of a $35.0 million non-cash goodwill impairment charge in 2009, net income increased 4.8% to $95.3 million from $90.9 million in 2009, and diluted earnings per share increased 5.1% to $2.08 from $1.98. • In the fourth quarter of 2010, gross revenue increased 11.9% to $383.7 million, net revenue increased 13.1% to $310.9 million, net income increased 9.6% to $25.1 million, and diluted earnings per share increased 10.0% to $0.55. • In 2010, Stantec acquired 10 firms, including Project Control Group Inc.; TetrES Consultants Inc.; IEA Holdings, Inc; WilsonMiller, Inc.; Natural Resources Consulting, Inc.; Communication Arts, Inc.; Anshen & Allen Architecture, Inc.; ECO:LOGIC Engineering; Street Smarts, Inc.; and Burt Hill, Inc. Collectively, these additions brought approximately 1,400 new staff to the Company; strengthened its capabilities in all service areas; created a new service area in project visioning and branding; expanded its presence in the United States, particularly in the Midwest and Southeast; and gave it new international office locations in the United Kingdom, the United Arab Emirates, and India. This growth also reinforced the Company’s standing as a truly North American firm with an emerging international presence. Combined with organic growth, acquisition growth increased staff numbers to approximately 10,700 by year-end. • Complete Financial Statements, Notes to the Financial Statements, and Management’s Discussion and Analysis are contained in Stantec’s 2010 Financial Review and will be filed on Sedar (www.sedar.com) on February 24, 2011. In addition, these documents and Form 40F will be filed on Edgar (www.sec.gov) on the same date. Alternatively, the documents will be available to download from the Investors section of www.stantec.com or on request from Stantec free of charge. Major projects awarded to Stantec or under way in 2010 reflected the Company’s ability to provide integrated services as One Team working across North America and internationally. For example, over 120 Stantec staff from 10 offices came together to complete the architecture, interior design, and engineering of major expansions at the Kelowna and Vernon hospitals in British Columbia. Delivered through a public-private partnership, the expansions included new patient care towers and a medical school building, encompassing 53,465 square metres (575,500 square feet) of new space. Similarly, over 400 employees from 33 offices have been working on more than 70 assignments related to facility assessments at 11 power plants in Tennessee, Kentucky, and Alabama for the Tennessee Valley Authority. In addition, staff from Stantec’s Architecture, Environmental Remediation, Urban Land Engineering, and Transportation practices are contributing their skills to a multiyear contract to provide construction management support services to the Los Angeles County Metropolitan Transportation Authority in California. This multibillion-dollar program of work involves the development of a high-occupancy vehicle network, bus rapid transit extensions, maintenance facilities, and an innovative ExpressLanes pilot project. During 2010, Stantec was also awarded major projects in the mining sector, including a $44 million contract to provide design and related services for developing the shaft and hoisting systems for BHP Billiton’s Jansen potash mine project in Saskatchewan. In addition, the Company was chosen to design the shafts for the Oyu Tolgoi copper-gold mine project in Mongolia. At its 2011 annual general meeting, Stantec will say farewell to Ron Triffo, who is retiring as chair of its board of directors. Mr. Triffo has been associated with the Company since 1977, becoming president in 1983, president and chief executive officer in 1988, and chairman of the board in 1998. During that time, he has contributed outstanding leadership to the Company, and his dedication to its success has been exemplary. “Our performance in 2010 proved once again what we have always claimed about our business model—that it enables us to adjust our service delivery to changing market conditions to meet our clients’ needs,” says Gomes. Stantec’s Annual Meeting of Shareholders will be held on May 12, 2011, at 11:00 AM MDT (1:00 PM EDT) at the Citadel Theatre in Edmonton, Alberta, 9828 – 101A Avenue. The fourth quarter and year-end conference call, being held today at 2:00 PM MST (4:00 PM EST), will be broadcast live and archived in the Investors section at www.stantec.com. Financial analysts who wish to participate in the earnings conference call are invited to call 866-321-8231 and provide the confirmation code 7022473 to the first available operator. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 10,500 employees operating out of more than 160 locations in North America. Stantec trades on the TSX and the NYSE under the symbol STN. Stantec is One Team providing Integrated Solutions. Cautionary statement Stantec’s gross revenue and net revenue are non-GAAP rneasures. For a definition of non-GAAP measures, refer to the Critical Accounting Estimates, Developments, and Measures section of the Company’s 2010 Financial Review. Media Contact Heena Chavda Stantec Media Relations Tel : (780) 917-7441 heena.chavda@stantec.com Investor Contact Crystal Verbeek Stantec Investor Relations Tel: (780) 969-3349 crystal.verbeek@stantec.com | | moss_publish | moss_publish | | 142 | | 2/3/2011 | EDMONTON, AB TSX, NYSE:STN
Stantec will be releasing its financial results for the fourth quarter of 2010 on Thursday, February 24, 2011. Bob Gomes, president and chief executive officer, and Dan Lefaivre, senior vice president and chief financial officer, will hold a conference call at 4:00 PM EDT (2:00 PM MDT) to discuss the fourth quarter results. Financial analysts who wish to participate in the conference call are invited to call: Toll-free: (800) 820-0231
Provide the confirmation code 7554290 to the first available operator. For all interested investors and the news media, the conference call will be broadcast live and archived in its entirety in the Investors section on www.stantec.com.
Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 10,000 employees operating out of more than 150 locations in North America. Stantec trades on the TSX and the NYSE under the symbol STN. Media Contact Heena Chavda Stantec Media Relations Tel: (780) 917-7441 heena.chavda@stantec.com
Investor Contact Crystal Verbeek Stantec Investor Relations Tel: (780) 969-3349 crystal.verbeek@stantec.com | | moss_publish | moss_publish | | 141 | | 1/19/2011 | ST. JOHN’S, NL; EDMONTON, AB NYSE, TSX: STN North American design firm Stantec has signed a letter of intent to acquire QuadraTec Inc., a 50-person consulting company located in St. John’s, Newfoundland and Labrador. Incorporated in 1993, QuadraTec is one of Atlantic Canada's leading mechanical and electrical engineering firms. The addition of QuadraTec will further strengthen Stantec’s presence in the Newfoundland and Labrador market. “Newfoundland and Labrador has seen significant growth in the demand for its natural resources, which in turn has provided opportunities for investments in upgrading much of the province’s infrastructure, such as in the healthcare and education sectors”. says Bob Gomes, Stantec president and chief executive officer. QuadraTec has a great presence in Newfoundland and Labrador and the joining of QuadraTec and Stantec will help us to better service these needs.” QuadraTec has strong relationships with Bell Alliant, Fortis, Sobey’s, and Serco—to name a few clients—and has completed a number of high-profile projects such as The “Rooms” Museum and Archives, Janeway Children's Health and Rehabilitation Centre, The Johnson GEO CENTRE, and The Medical Science Building, all located in St. John’s. “This is a tremendous opportunity for us to leverage Stantec’s resources to further develop our work in Newfoundland and Labrador, as well as to contribute to the growth of Stantec’s Buildings and Industrial practice areas,” says Michael G. O’Reilly, QuadraTec’s president. “Our staff will now have a larger network from which to draw and, likewise, can contribute their own experience and expertise to an even wider range of projects and ventures.” Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets, at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 10,000 employees operating out of more than 150 locations in North America. Stantec trades on the TSX and on the NYSE under the symbol STN. Stantec is One Team providing Integrated Solutions. www.stantec.com Media Contact Heena Chavda Stantec Media Relations (647) 272-9943 heena.chavda@stantec.com Investor Contact Crystal Verbeek Stantec Investor Relations (780) 939-3349 crystal.verbeek@stantec.com QuadraTec Inc. Contact Tony Dawe, FEC, P.Eng. QuadraTec Inc. Senior Principal (709) 738-0122 tdawe@quadratec.ca | | moss_publish | moss_publish | | 140 | | 12/6/2010 | BUTLER, PA; EDMONTON, AB NYSE, TSX: STN Continuing its focus on becoming one of the world’s leading design practices, Stantec has officially completed a merger with Burt Hill, a 600-person integrated architecture and engineering firm headquartered in Butler, Pennsylvania. The addition of Burt Hill, with its particular experience in the design of healthcare, science and technology, and education projects, further strengthens Stantec’s capabilities in those sectors and bolsters the Company’s presence throughout the US East Coast and abroad. “In the last few years, we have worked hard to strengthen our Architecture and Buildings Engineering practices in the United States,” says Bob Gomes, Stantec president and chief executive officer. “Through the combination of our existing staff, recently acquired staff from Anshen + Allen, and now Burt Hill, we are seeing the results of our work, building a premiere presence in the healthcare, science and technology, and education market sectors across North America and internationally.” From its 13 offices in the United States, the Middle East, and India, Burt Hill has led a number of high-profile projects, ranging from healthcare and research facilities to hospitality and destination developments. Some of the firm’s recent work includes the Ocean Science and Exploration Center, a learning center for the Graduate School of Oceanography, at the University of Rhode Island; the Springfield Literacy Center, a specialized education center with spaces designed to match different learning styles and achievement levels, in Springfield, Pennsylvania; the Gujarat Cancer Center, a civic hospital and medical school in Ahmedabad, India; and Al Wurai'ah Valley, a 7,000-hectare (17,000-acre) tourism destination in the coastal mountains of the United Arab Emirates. “This is a tremendous opportunity for us to leverage Stantec’s resources to further develop our work in North America, as well as our growing international practice,” says Peter Moriarty, former Burt Hill president and chief executive officer and now leader of Stantec’s international architecture and engineering offices in the United Arab Emirates and India. “Our staff will now have a larger network from which to draw and, likewise, can contribute their own experience and expertise to an even wider range of projects and ventures.” Burt Hill’s office locations largely complement Stantec’s existing operations along the US East Coast, including shared presence in Pittsburgh and Philadelphia, Pennsylvania; Boston, Massachusetts; and Phoenix, Arizona. The acquisition also adds US staff in Butler and State College, Pennsylvania; Cleveland, Ohio; Washington, DC; and Miami, Florida, and international staff in the United Arab Emirates and India. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets, at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 10,000 employees operating out of more than 150 locations in North America. Stantec trades on the TSX and on the NYSE under the symbol STN. Stantec is One Team providing Integrated Solutions. www.stantec.com
| | moss_publish | moss_publish | | 139 | | 11/4/2010 | 2010 Third Quarter Report (PDF) EDMONTON, AB (November 4, 2010) TSX:STN; NYSE:STN Stantec announced today strong results for the third quarter of 2010, with gross revenue increasing 4.2% to C$386.7 million from C$371.1 million in the second quarter of 2010, net revenue increasing 3.5% to C$314.5 million from C$303.8 million, and diluted earnings per share increasing 42.9% to C$0.70 from C$0.49. “With these solid results and six acquisitions completed in locations across North America and in the United Kingdom, it’s been a very busy quarter for us,” says Bob Gomes, Stantec president and chief executive officer. ”Thanks to the dedication and hard work of our employees, we continue to make progress toward achieving our vision to become and remain a top 10 global design firm.” Project activity during the quarter showcased Stantec’s ability to attract repeat business with existing clients, as well as new contracts with new clients, as a result of the high quality of its work. In the Buildings practice area, the Company secured a contract with Rady Children’s Hospital, a continuing client in San Diego, California, to complete the architecture, interior design, and laboratory planning for a new combined children’s ambulatory and research center. In the Environment practice area, Stantec is providing environmental permitting, threatened endangered species evaluation, wetlands delineation/mitigation, and other services for Marcellus Lateral, a project involving the design and construction of a 240-mile (390-kilometre) liquid natural gas pipeline extending from West Virginia to Ohio. New activity in the Industrial practice area was focused in the mining sector. For example, Stantec was chosen to design fresh air intakes/heaters at the Diavik Diamond Mines Inc. site in the Lac de Gras area north of Yellowknife, North West Territories. In the Transportation area, the Company obtained an assignment to colead the design of an extension of the METRO Light Rail system through downtown Mesa, Arizona, along with station platforms, power substations, and a park and ride facility, for long-time client Valley Metro Rail. In the Urban Land area, preliminary work continued on Vanier Woods/Lancaster East, a 130-hectare (320-acre) residential development in Red Deer, Alberta, for which Stantec is providing planning, engineering, landscape architecture, geomatics, and construction management services. Summary of activity in the quarter -
Gross revenue for the quarter was C$386.7 million, up 0.7% compared to C$384.2 million in the third quarter of 2009, and net revenue increased 2.5% to C$314.5 million from C$306.7 million. Reported diluted earnings per share for the third quarter of 2010 were C$0.70 compared to a loss of C$0.22 in the third quarter of 2009. Excluding the impact of a C$5.9 million after-tax gain on the sale of equity investments in the third quarter of 2010 and of a C$35.0 million non-cash goodwill impairment charge in the third quarter last year, net income increased 4.8% to C$26.2 million in the third quarter of 2010 from C$25.0 million in the third quarter of 2009, and diluted earnings per share increased 3.6% to C$0.57 from C$0.55. - Year-to-date gross revenue was C$1.13 billion, net revenue was C$915.1 million, reported net income was C$68.5 million, and reported diluted earnings per share were C$1.49.
- During the quarter, Stantec sold its 30% equity investments in Fugro Jacques Geosurveys Inc. and Fugro Jacques N.V., resulting in a $7.2 million gain on sale ($5.9 million on an after-tax basis).
- During the quarter, Stantec reached an agreement to increase its credit facility from $300 million to $350 million and extended the facility’s maturity date to August 2013. The agreement also gives the Company access to an additional $75 million on approval from its lenders.
- During the quarter, the Company acquired six firms, including IEA Holdings, Inc., a 55-person firm headquartered in Portland, Maine, that specializes in engineering and project management services for the energy market; WilsonMiller, Inc., a 265-person multidisciplinary planning, design, and engineering firm headquartered in Naples, Florida; Natural Resources Consulting, Inc., a 60-person firm based in Cottage Grove, Wisconsin, that provides environmental permitting and compliance support services; Communication Arts, Inc., a 20-person design firm headquartered in Boulder, Colorado, that provides project visioning and branding services; Anshen & Allen Architecture, Inc., a 200-person international firm with offices in San Francisco, California; Columbus, Ohio; Boston, Massachusetts; and London, England, that specializes in designing healthcare, academic, and research facilities; and ECO:LOGIC Engineering, a 100-person firm based in Rocklin, California, that specializes in the planning, permitting, design, construction management, and operations of water and wastewater facilities. Soon after the quarter-end, the Company acquired Street Smarts, a 60-person firm based in Duluth, Georgia, that provides transportation services. The completion of these acquisitions added approximately 760 staff to the Company’s operations.
- Complete Financial Statements, Notes to the Financial Statements, and Management’s Discussion and Analysis will be filed on SEDAR (www.sedar.com) on November 4, 2010. In addition, these documents will be filed on EDGAR (www.sec.gov) on the same date. Alternatively, the documents are available to download from the Investors section of www.stantec.com, or you may contact Stantec for copies free of charge.
The third quarter conference call, being held today at 2:00 PM MST (4:00 PM EST), will be broadcast live and archived in the Investors section at www.stantec.com. Financial analysts who wish to participate in the earnings conference call are invited to call 1-866-321-8231 and provide the confirmation code 3714517 to the first available operator. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 10,000 employees operating out of more than 150 locations in North America. Stantec trades on the TSX and the NYSE under the symbol STN. Stantec is One Team providing Infinite Solutions.
| | moss_publish | moss_publish | | 138 | | 10/21/2010 | Stantec will be releasing its financial results for the third quarter of 2010 on Thursday, November 4, 2010. Bob Gomes, president and chief executive officer, and Dan Lefaivre, senior vice president and chief financial officer, will hold a conference call at 4:00 PM EDT (2:00 PM MDT) to discuss the third quarter results. Financial analysts who wish to participate in the conference call are invited to call: Toll-free: (866) 322-8032 Provide the confirmation code 1678248 to the first available operator. For all interested investors and the news media, the conference call will be broadcast live and archived in its entirety in the Investors section on www.stantec.com. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 10,000 employees operating out of more than 150 locations in North America. Stantec trades on the TSX and the NYSE under the symbol STN.
| | moss_publish | moss_publish | | 137 | | 10/12/2010 | DULUTH, GA; EDMONTON, AB TSX, NYSE:STN
North American design firm Stantec has acquired the assets of Street Smarts, a 60-person transportation and civil engineering company headquartered in Duluth, Georgia. The addition of this well-respected Atlanta-area firm further develops Stantec’s existing transportation practice in Georgia and the southeastern United States.
“Street Smarts is a very good fit for our Transportation practice,” says Bob Gomes, Stantec president and chief executive officer. “It has an impressive 20-year track record in Georgia spanning commercial development to statewide transportation projects and will help build our capabilities in this growing transportation market.”
Street Smarts has worked on projects throughout Georgia, winning an ACEC Award for a guidebook it developed for the Georgia Department of Transportation (DOT) and its role as a subconsultant on the 22-mile (35-kilometre) Atlanta Beltline, the automated people mover system at Hartsfield Jackson International Airport, and an addition to the Winn Army Community Hospital at Fort Stewart. Previous work also includes bridge replacements for Georgia DOT, a transportation study of the fast-growing commercial area around Gwinnett Place Mall, innovative freeway ramp and pedestrian control designs, and park, trail, and greenway designs.
“Stantec’s reputation in transportation and sustainable design connects us to a whole new system of resources for our clients,” says Street Smarts president Marsha Anderson Bomar. “We’ll be able to leverage its extensive design resources with our experience, weaving our networks together to branch into new areas and markets that we could not have reached on our own.”
Stantec currently has offices in McDonough and Macon, Georgia. The Company’s Transportation group provides comprehensive planning, engineering, and infrastructure management services for the aviation, bridge, rail, roadway, and transit sectors. Over the years, Stantec has completed hundreds of transportation projects—from major expressway and rural highway assignments to bridge rehabilitation, public transit system, and airport assignments. Stantec is currently ranked #21 on Engineering News-Record’s listing of top transportation design firms in the United States.
The addition of Street Smarts is Stantec’s ninth acquisition of the year. The Company most recently completed the acquisitions of Anshen + Allen, a 200-person healthcare design firm based in San Francisco, California, and ECO:LOGIC Engineering, a 100-person water resources consulting firm based in Rocklin, California. Stantec has also announced plans to acquire Burt Hill, an international architecture and engineering firm with over 600 employees headquartered in Pennsylvania.
Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 10,000 employees operating out of more than 150 locations in North America. Stantec trades on the TSX and the NYSE under the symbol STN. Stantec is One Team providing Infinite Solutions. | | moss_publish | moss_publish | | 136 | | 9/9/2010 | PHILADELPHIA, PA; EDMONTON, AB NYSE, TSX:STN Stantec is taking a giant leap forward with its plan to become one of the world’s leading architecture practices through a signed letter of intent for Pennsylvania-headquartered firm Burt Hill Inc. to join Stantec. Burt Hill is an international architecture and engineering firm with over 600 employees in 13 offices, including three offices overseas. The firm’s clients represent nearly every facet of the economy, including health care institutions, colleges and universities, K-12 schools, technology and biotechnology companies, government bodies, multinational corporations, real estate developers, and nonprofit organizations. Stantec also recently announced its plans to acquire Anshen + Allen, a San Francisco-based architecture firm with more than 200 employees and expertise in health care design. “The combination of Stantec, Burt Hill, and Anshen + Allen will create a new global architecture practice with world-class expertise in our key market sectors, particularly health care, education, and science and technology,” says Bob Gomes, Stantec president and chief executive officer. “The addition of Burt Hill will bring to Stantec a wealth of experience in the markets we’ve targeted and give us a much stronger building design presence in the eastern United States to complement the practice we’re developing on the West Coast with Anshen + Allen.” Founded 74 years ago, Burt Hill has been recognized as a national leader in the design of higher education facilities and is in the top 10 nationally in health care facility design. Among its projects are the University of Rhode Island Ocean Science and Exploration Center, Doherty Hall at Carnegie Mellon University, the Harrisburg University Academic Center, the University of Wisconsin’s student center, the Dorrance H. Hamilton Building at Thomas Jefferson University, the corporate headquarters for JSW Steel Ltd., multiple projects at the University of Pittsburgh Medical Center and with the University of Pennsylvania Health System, and Al Mafraq Hospital. The firm has offices in Boston, Massachusetts; Phoenix, Arizona; Butler, State College, Pittsburgh, and Philadelphia, Pennsylvania; Charlotte, North Carolina; Cleveland and Columbus, Ohio; Miami, Florida; and Washington, D.C. The company’s overseas operations are located in Abu Dhabi and Dubai, United Arab Emirates, and Ahmedabad, India. “Our decision to join Stantec was based on the benefit that our clients, and those of Stantec, will receive through our combined ability to provide an unparalleled range of resources, expertise, services, and geographic reach. It will also provide more growth opportunities for our staff,” says Peter Moriarty, Burt Hill president and chief executive officer, who will continue with Stantec in a leadership role. “We will have created, together, one of the largest and best architecture and engineering firms in the world. In addition, Burt Hill’s presence in the eastern United States and overseas will extend Stantec’s geographic presence with complementary market sector expertise.” Stantec’s vision is to become and remain a top 10 global design firm. The Company has announced plans to acquire nine firms this year, strengthening nearly every practice and market in which it operates in North America. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 10,000 employees operating out of more than 150 locations in North America. Stantec trades on the TSX and the NYSE under the symbol STN. Stantec is One Team providing Infinite Solutions.
| | moss_publish | moss_publish | | 135 | | 8/31/2010 | EDMONTON, AB TSX, NYSE:STN Stantec announced today that it has reached an agreement to increase the limit of its existing revolving credit facility from C$300 million to C$350 million and extend the maturity date to August 2013. The agreement also includes a provision for the Company to obtain access to an additional C$75 million under the same terms and conditions upon approval from its lenders. Stantec will use the credit facility as working capital, for general corporate purposes, and for future acquisitions.
“The increase to our credit facility is part of a long-term financing strategy that gives us the flexibility and capacity to reach our goal of becoming and remaining a top 10 global design firm,” says Dan Lefaivre, Stantec senior vice president and chief financial officer. “The increased commitment from our syndicate partners demonstrates their confidence in our ability to execute our business plan.”
The credit facility is being made available by a syndicate of financial institutions led by Canadian Imperial Bank of Commerce as administrative agent, sole lead arranger, bookrunner, syndication agent, and documentation agent. Other current members include the Alberta Treasury Branches; Canadian Western Bank; Bank of America, N.A.; and National Bank of Canada. Added to the syndicate is HSBC Bank Canada.
Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 10,000 employees operating out of more than 150 locations in North America. Stantec trades on the TSX and the NYSE under the symbol STN. Stantec is One Team providing Infinite Solutions.
Media Contact Jay Averill Stantec Media Relations 780-917-7441 jay.averill@stantec.com Investor Contact Simon Stelfox Stantec Investor Relations 604-696-8338 simon.stelfox@stantec.com | | moss_publish | moss_publish | | 134 | | 8/26/2010 | SAN FRANCISCO, CA; EDMONTON, AB NYSE, TSX:STN Stantec announced today that it has signed a letter of intent to acquire Anshen + Allen, one of North America’s leading health care architectural firms with more than 200 employees and offices in San Francisco, California; Columbus, Ohio; Boston, Massachusetts; and London, United Kingdom.
“The combination of Anshen + Allen and Stantec will create a global Architecture practice with particular expertise in the design of health care and education facilities,” says Bob Gomes, Stantec president and chief executive officer. “One of our objectives is to expand and strengthen our Building Design practice across North America, and the addition of this internationally recognized and respected firm will help to fulfill that goal.”
Anshen + Allen’s portfolio of health care, education, and research facility projects reflects its belief that good design transforms lives. Notable assignments include the new University of California, San Francisco Medical Center at Mission Bay; the Veterinary Research Tower renovation at Cornell University; the Physical Sciences Building at the University of California, Santa Cruz; and major projects for the Santa Clara Valley Health & Hospital System, Palomar Pomerado Health district, Stanford University, and Kaiser Permanente. Stantec and Anshen + Allen recently shared success working together on the Leadership in Energy and Environmental Design Silver-certified Laguna Honda Hospital and Rehabilitation Center in San Francisco.
In addition to being a successful firm in the United States, Anshen + Allen is considered to be a leader in health care facility design in the United Kingdom. Noteworthy projects delivered out of the London office include the Octav Botnar Wing at the Great Ormond Street Hospital for Children in London, the Sir Henry Wellcome Manchester Interdisciplinary Biocentre at the University of Manchester, a new wing at the Royal Victoria Infirmary in Newcastle, and The London Clinic Cancer Centre.
"We chose Stantec because it offers a strong platform for us to compete for projects that have significance and impact worldwide,” says Roger Swanson, Anshen + Allen chief executive officer, who will continue with Stantec in a leadership position. “As one of the world’s top health care practices, joining together allows us to plan strategically for our future as our industry undergoes profound global changes.”
Stantec’s Building Design practice provides services in architecture, interior design, buildings engineering, planning, and branding and visioning. The Buildings group has more than 1,700 staff throughout North America. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 10,000 employees operating out of more than 150 locations in North America. Stantec trades on the TSX and the NYSE under the symbol STN. Stantec is One Team providing Infinite Solutions. Media Contact Jay Averill Stantec Media Relations 780-917-7441 jay.averill@stantec.com Investor Contact Simon Stelfox Stantec Investor Relations 604-696-8338 simon.stelfox@stantec.com Anshen + Allen Contact Jenifer Altenhoff Anshen + Allen Principal 415-281-5446 Jenifer.Altenhoff@anshen.com
| | moss_publish | moss_publish | | 133 | | 8/12/2010 | ROCKLIN, CA NYSE, TSX:STN Stantec announced today that it has signed a letter of intent to acquire Rocklin, California-based ECO:LOGIC Engineering, a leader in providing services to the water resources market with six offices and approximately 100 employees. The firm specializes in the planning, permitting, design, construction management, and operations of water and wastewater facilities in northern California and Nevada. “The demand for clean and safe water continues to grow in North America, and the ECO:LOGIC team is on the forefront of the planning, design, and management of water and wastewater facilities,” says Bob Gomes, Stantec president and CEO. “The acquisition of ECO:LOGIC will add a lot more depth to our environmental infrastructure capabilities in the western United States.” Some of ECO:LOGIC’s projects include the multiple award-winning Lincoln Wastewater Treatment and Reclamation Facility in northern California; the North Valley’s Water Importation Project near Reno, Nevada; and the City of Merced, California, Wastewater Treatment Plant expansion. The company’s leading-edge reputation is well deserved as demonstrated by its smooth integration of project financing, regulatory compliance, process optimization, automation, energy efficiency, and operations. The company recently developed an interactive operations manual for the iPad™ mobile digital device, which helps agencies permanently retain operations knowledge and keep treatment plants online and operating efficiently. “The opportunity to join Stantec’s Environment practice was one that we didn’t feel we could pass up,” says Dave Bennett, CEO of ECO:LOGIC. “It gives us the chance to expand the reach of our services across the globe and the opportunity to work alongside other top water resources professionals throughout North America in addition to access to a broad range of technical resources that we can use to meet the needs of our clients.” Stantec’s Environment practice—its largest with over 3,500 employees across the continent—provides services in environmental infrastructure, environmental management and remediation, and geotechnical engineering. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 10,000 employees operating out of more than 150 locations in North America. Stantec trades on the TSX and the NYSE under the symbol STN. Stantec is One Team providing Infinite Solutions. Media Contact Heena Chavda Stantec Media Relations Stantec Tel: (416) 598-5299 heena.chavda@stantec.com Investor Contact Simon Stelfox Investor Relations Stantec (604) 696-8338 simon.stelfox@stantec.com | | moss_publish | moss_publish | | 132 | | 8/6/2010 | BOULDER CO NYSE, TSX: STN North American design firm Stantec has acquired the assets of CommArts, a 20-person design firm headquartered in Boulder, Colorado, that specializes in project visioning, branding, and associated conceptual architectural and environmental graphics. Joining Stantec and its North American network of offices, CommArts staff will play a key role in creating a new client service area within Stantec’s Architecture practice devoted to branding and strategic project positioning.
“The acquisition of CommArts brings a very talented group to Stantec that provides a new service offering within our Architecture practice related to branding and visioning for projects,” says Bob Gomes, Stantec president and CEO. “This is a service that, in the past, we hired outside firms to complete. With the addition of CommArts, we can now provide branding and visioning services to our clients across North America.”
CommArts has played an enviable role in major commercial, retail, mixed-use, resort, urban, sports, placemaking, and branding projects worldwide. The firm has distinguished itself locally and internationally in shaping urban communities such as Tokyo Midtown and the Prudential Center in Boston. Other projects include the Staples Center in Los Angeles, Madison Square Garden in New York, and the Anschutz Entertainment Group’s Nokia Plaza in Los Angeles and O2 Domes in Berlin and London, respectively. Founded in 1973, CommArts shares Stantec’s commitment to sustainability by providing innovative designs and solutions.
“We couldn’t be more excited about the possibilities”, says Janet Martin, CommArts managing principal. “Our ability to team with Stantec in producing great design represents a solid future with far-reaching and meaningful creative opportunities.”
Stantec also recently announced that it completed the acquisition of WilsonMiller, Inc., a multidisciplinary planning, design, and engineering firm with more than 265 employees headquartered in Naples, Florida, and of Natural Resources Consulting, Inc., a 60-person environmental firm headquartered in Cottage Grove, Wisconsin.
Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets, at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through over 10,000 employees operating out of more than 150 locations in North America. Stantec trades on the TSX and the NYSE under the symbol STN. Stantec is One Team providing Infinite Solutions. www.stantec.com | Media Contact Heena Chavda Media Relations Stantec (416) 598-5299 Heena.chavda@stantec.com | Investor Contact Simon Stelfox Investor Relations Stantec (604) 696-8338 simon.stelfox@stantec.com | | | moss_publish | moss_publish | | 131 | | 8/5/2010 | 2010 Second Quarter Report (PDF)
EDMONTON, AB TSX:STN; NYSE:STN
Stantec reports solid, consistent results for the second quarter of 2010. Gross revenue remained stable at $371.1 million. Net revenue was $303.8 million, net income was $22.7 million, and diluted earnings per share were $0.49.
“We are very happy with our progress in the first half of 2010, and we are on track with our expectations,” says Bob Gomes, Stantec president and CEO. “During the second quarter, we saw increased activity in some of our markets, which enabled us to increase our staff levels to approximately 9,700 while continuing to manage our business effectively and achieve solid operating performance. We continue to see opportunities for both organic and acquisition growth in the second half of the year.” Project activity during the quarter demonstrated Stantec’s continuing ability to secure significant assignments in a still challenging marketplace. In the Buildings practice area, the Company secured a public-private partnership (P3) assignment with the Carillion Secure Solutions team chosen to develop a new Forensic Services and Coroner’s Complex in Toronto, Ontario, for the Ontario Ministry of Community Safety and Correctional Services. This is the second P3 project the Company has secured with the Carillion consortium, following the Centre for Addiction and Mental Health project award in November 2009. In the Environment practice area, the Company secured large, long-term assignments in each of its three key sectors: geotechnical engineering, environmental permitting and remediation, and water and wastewater facility design. For example, Stantec was contracted, as part of a joint venture, to continue to provide geotechnical drilling, sampling, and design services for rebuilding the hurricane protection system in New Orleans, Louisiana, for the U.S. Army Corps of Engineers, New Orleans District. In the area of environmental assessment and permitting, Stantec obtained a contract to provide regulatory support services for a transmission line expansion for AltaLink in southern Alberta. And in the water and wastewater sector, Stantec is part of a team that is completing the detailed design of full-scale enhancements and upgrades to the Dublin Road Water Plant in Columbus, Ohio. New activity in the Transportation practice area was focused in the roadway, transit, and bridge sectors. Most notable in the roadway sector was the award of the Stoney Trail Southeast project in Calgary, Alberta, which is being delivered through a P3. Stoney Trail is Calgary’s new ring road. Stantec’s role on the project team is to design the roadworks and structures for the Highway 22X portion of the project, including approximately 11 kilometres (6.8 miles) of divided highway, four major interchanges, one freeway-to-freeway interchange, and 14 bridge structures and associated retaining walls, as well as drainage and lighting. Summary of activity in the quarter § Gross revenue for the quarter was C$371.1 million, down 4.4% compared to C$388.1 million in the second quarter of 2009. Net revenue was down 4.5% to C$303.8 million compared to C$318.1 million. Net income was up 1.8% to C$22.7 million compared to C$22.3 million, and diluted earnings per share were C$0.49, unchanged when compared to the same time last year. § Year-to-date gross revenue was C$742.7 million, net revenue was C$600.6 million, net income was C$36.4 million, and diluted earnings per share were C$0.79. § During the quarter, Stantec renewed its normal course issuer bid with the Toronto Stock Exchange, which will allow for the repurchase of up to 5% of its outstanding shares. § During the quarter, as part of a long-term financing strategy, Stantec filed a short-form shelf prospectus with all securities regulatory authorities in Canada and a corresponding base shelf registration statement with the U.S. Securities and Exchange Commission. Pursuant to the prospectus, the Company may issue up to C$300 million in common shares from time to time during a 25-month period effective May 6, 2010. § During the quarter, Stantec acquired 25-person firm TetrES Consultants Inc., an environmental management consulting firm based in Winnipeg, Manitoba. So far in the third quarter, Stantec has completed the acquisition of three firms, including Industry and Energy Associates, LLC, a 55-person firm headquartered in Portland, Maine, that specializes in engineering and project management services for the energy market; WilsonMiller, Inc., a multidisciplinary planning, design, and engineering firm headquartered in Naples, Florida, with more than 265 employees and 10 offices throughout the state; and Natural Resources Consulting, Inc., a 60-person firm based in Cottage Grove, Wisconsin, that provides environmental permitting and compliance support services. With the completion of these acquisitions, Stantec’s staff levels increased to more than 10,000. § Complete Financial Statements, Notes to the Financial Statements, and Management’s Discussion and Analysis will be filed on Sedar (www.sedar.com) on August 5, 2010. In addition, these documents will be filed on Edgar (www.sec.gov) on the same date. Alternatively, the documents are available to download from the Investors section of www.stantec.com, or you may contact Stantec for copies free of charge. The second quarter conference call, being held today at 2:00 PM MST (4:00 PM EST), will be broadcast live and archived in the Investors section at www.stantec.com. Financial analysts who wish to participate in the earnings conference call are invited to call 1-866-321-8231 and provide the confirmation code 3714517 to the first available operator. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 10,000 employees operating out of more than 150 locations in North America. Stantec trades on the TSX and the NYSE under the symbol STN. Stantec is One Team providing Infinite Solutions.
Media Contact Jay Averill Stantec Media Relations Tel : (780) 917-7441 jay.averill@stantec.com Investor Contact Simon Stelfox Stantec Investor Relations Tel: (604) 696-8338 simon.stelfox@stantec.com | | moss_publish | moss_publish | | 130 | | 7/30/2010 | COTTAGE GROVE, WI NYSE, TSX: STN North American design and consulting firm Stantec has acquired the assets of Natural Resources Consulting, Inc. (NRC), a 60-person environmental consulting and ecological restoration firm headquartered in Cottage Grove, Wisconsin, with regional offices throughout Wisconsin and in Iowa, Illinois, Minnesota, and Colorado. NRC and its subsidiary, NRC Restorations, specialize in biological and natural resource services, including technical and regulatory compliance support, restoration design, and natural landscape management, for governmental, traditional/renewable energy, and private sector clients. “The addition of the NRC team strengthens Stantec’s capabilities in the area of environmental regulation and permitting at the federal, state, and local levels and enhances our presence in the Upper US Midwest, a strategically important part of the United States in terms of energy development and distribution,” says Bob Gomes, Stantec’s president and chief executive officer. “NRC has extensive experience in natural resource management for both traditional and renewable energy development, which makes it a very good fit for our Environmental Management practice.” NRC provides services in the areas of wetland, aquatic, and terrestrial ecology; wildlife science; soils science; environmental impact assessment; watershed management; ecosystem restoration design and implementation; and geographic information systems. Its scientific capabilities are coupled with extensive experience in providing support for governmental agencies, infrastructure/facility development, and environmental permitting and compliance consulting for a range of energy applications; including electrical transmission lines, natural gas and petroleum pipelines, and renewable energy projects. NRC’s consulting services encompass the full scope of development, from impact assessment to compliance monitoring during construction and postconstruction restoration, monitoring, and compliance. NRC Restorations services consist of implementation of ecological restoration, protection, and enhancement, such as regulatory wetland mitigation, natural areas restoration, and utility corridor restoration. “Becoming part of a successful public company provides financial stability, project variety, and growth opportunities for our staff,” says Scott Storlid, NRC president. “Joining Stantec gives us the ability to offer our clients a wider range of services and access to the resources we need to expand into different markets and compete for projects on a national level.” Stantec’s Environment practice, the Company’s largest with more than 3,500 professionals, provides environmental management and remediation, water and wastewater infrastructure engineering, geotechnical engineering, and sustainable development services to clients globally. | | moss_publish | moss_publish | | 129 | | 7/22/2010 | EDMONTON, AB TSX:STN; NYSE:STN
Stantec will be releasing its financial results for the second quarter of 2010 on Thursday, August 5th, 2010. Bob Gomes, President & CEO, and Dan Lefaivre, Senior Vice President & CFO, will hold a conference call at 4:00 PM EDT (2:00 PM MDT), to discuss the second quarter results. Financial analysts who wish to participate in the conference call are invited to call: Toll-free: 866-383-0447 Provide the confirmation code 7075445 to the first available operator. For all interested investors and the news media, the conference call will be broadcast live and archived in its entirety in the Investors section on www.stantec.com. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 9,500 employees operating out of more than 150 locations in North America. Stantec trades on the TSX and the NYSE under the symbol STN. | | moss_publish | moss_publish | | 128 | | 7/20/2010 | NAPLES FL NYSE:STN; TSX:STN North American design firm Stantec announced today it has signed a letter of intent to acquire WilsonMiller, Inc., a Naples, Florida headquartered company with more than 265 employees and 10 offices throughout the state. WilsonMiller is a multidisciplinary planning, design, and engineering firm providing services for infrastructure, transportation, land management, and environmental projects to public and private clients. “We believe that WilsonMiller will be a catalyst for future growth of Stantec in Florida, which despite the current difficult economic climate, still remains one of the largest markets in the country,” says Bob Gomes, Stantec President & CEO. “The addition of WilsonMiller will give Stantec a stronger local presence in the state. They bring a talented team that managed their company very well through the recession and is now well positioned to take advantage of opportunities in both the public and private sectors.” WillsonMiller has operated in Florida for over five decades serving the government, urban land, transportation, and the natural resources & rural land markets. The Company has an impressive portfolio of projects including the Florida Keys Overseas Heritage Trail, a scenic trail extending from Key Largo to Key West, the urban redevelopment for the City of Tampa’s Channel District, and Ave Maria Town and University, a Rural Land Stewardship Area award winning plan. “Throughout our history, we have proactively adapted to meet the changing needs of our clients and communities. Joining with Stantec is the next step for us to take to become part of an international network that gives our clients access to a much wider range of services and expertise as well as provides our employees with better technical resources and more opportunities to grow their careers,” says Alan Reynolds, WilsonMiller Chairman and CEO who will continue with Stantec. “We have gone through a significant period of change over the past decade, from a firm focused on the land development market to reinventing ourselves to a more resilient and diverse provider of planning and engineering services for both the government and private sectors in markets like ecology, transportation, and the protection of coastal and water resources.” Stantec has had a small presence in Florida since 2006. The addition of WilsonMiller will bring Stantec’s presence in the state to approximately 300 employees providing services in the environment, geotechnical engineering, urban land, and transportation practices. The firms expect the transaction to be complete by the end of July. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 9,500 employees operating out of more than 150 locations in North America. Stantec trades on the TSX and the NYSE under the symbol STN. Stantec is One Team providing Infinite Solutions.
| | moss_publish | moss_publish | | 127 | | 7/6/2010 | PORTLAND ME NYSE, TSX: STN North American design firm Stantec has acquired Industry and Energy Associates, LLC (IEA), a 60-person engineering company headquartered in Portland, Maine, with a regional office in Fort Mill, South Carolina. Focused on the power and energy industries, IEA’s experience and client base further develops Stantec’s existing power practice area. “IEA is a very good fit for our Industrial practice,” says Bob Gomes, Stantec president & CEO. “Their experience in all types of power generation and distribution is impressive and will certainly build on our capabilities in the power and energy market.” IEA’s engineering and project management services include both traditional and renewable energy projects, ranging from cogeneration, coal, and electrical transmission work to the design of wind, waste-to-energy, and biomass systems. The company has worked on energy projects all over the world, including a recent renewable power project on Galapagos Island in Ecuador. Sponsored by the United Nations Development Program, this effort involved combining three wind turbines and solar power into a system that now generates about 50 percent of the island’s electrical needs. “Stantec’s reputation in sustainable design and environmental management connects us to a whole new network of resources for our clients,” says IEA president Ken Rogers. “Leveraging this experience with ours will also allow us to branch into new markets we could not have reached on our own.” Stantec’s power practice focuses on all aspects of energy, including transmission, utility routing, environmental mitigation and monitoring, and pollution prevention and management. In recent years the firm has become more involved in renewable energy projects, including leading the site design, power transmission, and environmental permitting for dozens of wind farms across North America. Media Contact Jay Averill Media Relations Stantec (780) 917-7441 jay.averill@stantec.com Investor Contact Crystal Verbeek Investor Relations Stantec (780) 969-3349 crystal.verbeek@stantec.com | | moss_publish | moss_publish | | 126 | | 5/13/2010 | 2010 First Quarter Report (PDF) Stantec’s first quarter results indicate that the firm is continuing to achieve solid performance in a challenging global economy. In the quarter, the Company generated C$371.6 million in gross revenue and C$296.8 million in net revenue. Although revenues are down compared to the first quarter of 2009, first quarter 2010 revenues are up from the fourth quarter of 2009, and after nearly a year of declines in staff levels, the first quarter of 2010 saw an increase in hiring with a net gain of approximately 100 employees. “We are beginning the year where we left off at the end of 2009, when we started to see the market stabilizing across North America,” says Bob Gomes, Stantec president and CEO. “We made an enormous effort last year to continue to manage our business effectively through a tough economy, and that put us in a good position for the first quarter to capitalize on the opportunities presented, which meant winning a number of projects in key sectors and being able to put people back to work full time and hire additional staff in some areas.” Some of the projects won in the quarter include a three-year assignment to provide complete engineering, procurement, and construction management services for the development of a new pump station and receiving station for transporting oil product from Fort Saskatchewan to the Kearl Oil Sands project in northern Alberta for Inter Pipeline Fund. In Saskatchewan, the firm was awarded a contract to provide engineering design and related services for developing the shaft and hoisting systems for BHP Billiton’s Jansen potash mine project. In the Buildings practice area, Stantec secured a five-year multiple award task order contract to provide full architecture and buildings engineering services for various projects with the Los Angeles District of the U.S. Army Corps of Engineers. The task orders will include design-build projects, multidisciplinary maintenance and repair projects, and construction projects. In the Environment practice area, Stantec continues to see a growing need for combined sewer overflow reduction. For example, in Tacoma, Washington, the firm was chosen to provide support services for the municipal flow-monitoring project. Work will initially focus on incorporating the City’s existing flow-monitoring network into program management and analysis software, providing technical support and training, and assisting with flow-monitoring site selection. “I would like to thank our employees for their dedication over the past year, which marks my first as president and CEO of Stantec,” adds Gomes. “Their hard work has helped us to successfully navigate a very tough market, and we are now on track to pursue our goal of becoming and remaining a top 10 global design firm.” Summary of activity in the quarter - During the quarter the Company reorganized its corporate structure, which increased its income tax expense by $6.2 million, resulting in an effective tax rate of 51.1%. This reorganization was part of a long-term strategy to make our corporate tax structure more efficient. Excluding this one-time impact, net income for the first quarter would have been C$19.9 million compared to C$20.7 million for the first quarter of 2009, and diluted earnings per share would have been C$0.43 compared to C$0.45 for the same period last year.
- Gross revenue for the quarter was C$371.6 million, and net revenue was C$296.8 million. After the one-time income tax impact, reported net income was C$13.7 million, and diluted earnings per share were C$0.30.
- After the first quarter, Stantec filed a final short-form base shelf prospectus with applicable securities regulators in each of the provinces of Canada and filed a shelf registration statement in the United States on Form F-10. Pursuant to the prospectus, Stantec may issue up to $300 million in common shares from time to time during the 25 month period the prospectus is valid by way of one or more prospectus supplements.
- During the quarter, Stantec acquired the assets of Project Control Group Inc., a 10-person firm that specializes in project implementation strategy, planning, and controls for complex projects. After the first quarter, Stantec acquired environmental management firm TetrES Consultants Inc. (TetrES), a 25-person firm in Winnipeg, Manitoba. TetrES specializes in infrastructure and master planning, environmental assessment, and management of strategic regulatory defense and expert testimony for the energy, government, mining, food-processing and petrochemical sectors.
- Complete Financial Statements, Notes to the Financial Statements, and Management’s Discussion and Analysis will be filed on Sedar (www.sedar.com) on May 13, 2010. In addition, these documents will be filed on Edgar (www.sec.gov) on the same date. Alternatively, the documents are available to download from the Investors section of www.stantec.com, or you may contact Stantec for copies free of charge.
Stantec’s Annual General Meeting of Shareholders is being held today (May 13, 2010) at 11:00 AM MDT (1:00 PM EDT) at The Sutton Place Hotel in Edmonton, Alberta, 10235 – 101 Street. The first quarter conference call, being held today at 2:00 PM MST (4:00 PM EST), will be broadcast live and archived in the Investors section at www.stantec.com. Financial analysts who wish to participate in the earnings conference call are invited to call 866-321-8231 and provide the confirmation code 3714517 to the first available operator. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 9,400 employees operating out of more than 130 locations in North America. Stantec trades on the TSX and the NYSE under the symbol STN. Stantec is One Team providing Infinite Solutions.
Media Contact Jay Averill Stantec Media Relations Tel : (780) 917-7441 jay.averill@stantec.com Investor Contact Simon Stelfox Stantec Investor Relations Tel: (604) 696-8338 simon.stelfox@stantec.com One Team. Infinite Solutions. | | System Account | moss_publish | | 125 | | 5/7/2010 | EDMONTON, AB TSX:STN; NYSE:STN Stantec has received final clearance for a final short form base shelf prospectus with applicable securities regulators in each of the provinces of Canada. Stantec concurrently filed a shelf registration statement in the United States on Form F-10, which was effective upon filing in definitive form. Pursuant to the prospectus, Stantec may issue up to $300 million in common shares from time to time during the 25 month period that the prospectus is valid by way of one or more prospectus supplements. The terms of any offering under the prospectus will be established at the time of the offering and will be described in a prospectus supplement filed at that time. A copy of the prospectus is available on SEDAR (www.sedar.com) and EDGAR (www.sec.gov) or you may contact the Stantec for a copy free of charge. This news release is not an offer to sell nor is it a solicitation of an offer to buy any securities in any jurisdiction. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 9,400 employees operating out of more than 130 locations in North America. Stantec trades on the TSX and the NYSE under the symbol STN. Stantec is One Team providing Infinite Solutions. | | System Account | System Account | | 124 | | 4/30/2010 | When an accident or emergency threatens the environment, Stantec can be called upon to respond quickly and effectively. Stantec has completed emergency spill responses at hundreds of sites using the Incident Command System (ICS) across North America.
Learn more. | | System Account | moss_publish | | 123 | | 4/29/2010 | EDMONTON, AB TSX:STN; NYSE:STN Stantec will be releasing its financial results for the first quarter of 2010 on Thursday, May 13, 2010. Bob Gomes, President & CEO, and Dan Lefaivre, Senior Vice President & CFO, will hold a conference call at 4:00 PM EDT (2:00 PM MDT), to discuss the first quarter results. Financial analysts who wish to participate in the conference call are invited to call:
Toll-free: 866-321-8231 Provide the confirmation code 3714517 to the first available operator. For all interested investors and the news media, the conference call will be broadcast live and archived in its entirety in the Investors section on www.stantec.com.
Stantec’s Annual Meeting of Shareholders is being held the same day, May 13, 2010, at 11:00 AM MDT (1:00 PM EDT) at the Sutton Place Hotel in Edmonton, Alberta (10235 – 101st Street). The Annual Meeting will also be broadcast live and archived in the Investors section on www.stantec.com.
Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 9,400 employees operating out of more than 130 locations in North America. Stantec trades on the TSX and the NYSE under the symbol STN. Media Contact Jay Averill Stantec Media Relations Tel : (780) 917-7441 jay.averill@stantec.com Investor Contact Simon Stelfox Stantec Investor Relations Tel: (604) 696-8338 simon.stelfox@stantec.com
| | System Account | moss_publish | | 122 | | 4/21/2010 | To celebrate Earth Day’s 40th anniversary on April 22, Stantec – a global leader in sustainable consulting and design – selected 10 defining moments in the advancement of sustainability during the last 40 years. Evaluated and compiled by a list of company environmental engineers, scientists, buildings experts and certified sustainability consultants, the list outlines the top moments, accomplishments and thresholds which have most positively impacted society’s ongoing progression in sustainability. 10 Global Milestones in Sustainability | | System Account | System Account | | 121 | | 3/15/2010 | Solving problems. Increasing value. Affecting positive change. These are the goals of innovation, celebrated in the latest of our growing family of "Solutions" publications. Innovation tells the story of Stantec’s many unique “firsts” that directly benefit our clients, drawing upon our "Global Expertise. Local Strength." philosophy. Stantec Innovative Solutions | | System Account | System Account | | 119 | | 3/12/2010 | New York NY On Tuesday, March 16, 2010, executives and guests of Stantec will visit the New York Stock Exchange to celebrate the company’s 5th anniversary of trading on the NYSE. Stantec began trading on the Exchange on August 5, 2005 under the ticker symbol “STN.” In honor of this special occasion, Stantec President and Chief Executive Officer Bob Gomes will ring The Closing Bell. What: In honor of Stantec’s 5th Anniversary on the NYSE Stantec President and Chief Executive Officer Bob Gomes will ring The Closing Bell. When: Tuesday, March 16, 2010, 3:59 PM to 4:05 PM EST Where: A live webcast of The Closing Bell (beginning at 3:59 PM EST) will be available on the homepage of www.nyse.com Who: Stantec President & CEO Bob Gomes, Stantec CFO Dan Lefaivre, Stantec COO Rich Allen Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets, at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through over 10,000 employees operating out of more than 130 locations in North America. Stantec trades on the TSX and on the NYSE under the symbol STN. Stantec is One Team providing Infinite Solutions.
| | System Account | System Account | | 118 | | 2/25/2010 | EDMONTON, AB TSX:STN; NYSE:STN Stantec 2009 Financial Review (PDF) Stantec announced today strong results for the full year of 2009. Gross revenue increased 12.4% to C$1.52 billion, net revenue was up 10.0% to C$1.24 billion. Net income was C$90.9 million, up 10.9% compared to C$82.0 million in 2008, and diluted earnings per share increased 11.2% to C$1.98 compared to C$1.78, excluding the impact of goodwill impairment charges the Company recorded in the third quarter of each year. Including the impairment charges, full-year net income was C$55.9 million compared to C$29.0 million in 2008, while diluted earnings per share were C$1.22 compared to C$0.63 in 2008. “2009 was a year when the economy challenged businesses across North America. For private and public firms, not-for-profit organizations, and government bodies alike, it impacted all aspects of business operations. But while being tested by one of the toughest economies in our 56-year history, we’re pleased to report strong performance and solid results for the full year of 2009,” says Bob Gomes, President & CEO. “Credit for this performance goes to our employees throughout the organization, who are managing their projects effectively and working together to provide great service to our clients.” The fourth quarter is a good example of how the Company has effectively managed the business in a difficult economic climate. With gross revenue down 7.2% to C$342.8 million compared to C$369.3 million in the quarter last year, net income increased 14.5% to C$22.9 million from C$20.0 million, and diluted earnings per share were up 13.6% to C$0.50 compared to C$0.44 in the same period for 2008. Summary of financial results: - Gross revenue increased 12.4% to C$1.52 billion, and net revenue was up 10.0% to C$1.24 billion. Net income was C$90.9 million, up 10.9% compared to C$82.0 million in 2008, and diluted earnings per share increased 11.2% to C$1.98 compared to C$1.78, excluding the impact of goodwill impairment charges the Company recorded in the third quarter of each year. Including the impairment charges, full-year net income was C$55.9 million compared to C$29.0 million in 2008, while diluted earnings per share were C$1.22 compared to C$0.63 in 2008.
- In the fourth quarter of 2009, gross revenue was down 7.2% to C$342.8 million compared to C$369.3 million for the same period last year, and net revenue was down 7.5% to C$274.8 million compared to C$297.0 million. Net income increased 14.5% to C$22.9 million compared to C$20.0 million in the fourth quarter of 2008, while diluted earnings per share were up 13.6% to C$0.50 compared to C$0.44 in the fourth quarter last year.
- During the year, Stantec conducted its annual goodwill impairment test. Due to fluctuations in the market and uncertainties arising from overall economic conditions, the Company recorded a C$35.0 million impairment to goodwill in the third quarter. This impairment charge decreased the firm’s diluted earnings per share by C$0.76. The goodwill charge is non-cash in nature and does not affect liquidity, cash flows from operating activities, or debt covenants and will not impact future operations.
- In the first quarter of 2009, Stantec completed the largest acquisition in its history, adding Jacques Whitford, a 1,700 person firm with 40 offices primarily in Canada. This acquisition enhanced Stantec’s capabilities in environmental assessment, documentation and permitting, environmental site management and remediation, and geotechnical engineering. During the third quarter, Stantec acquired the Philadelphia, Pennsylvania-based Granary Associates, a 100-person firm that provides project management, planning, architecture, and interior design services to the health care sector.
- Complete Financial Statements, Notes to the Financial Statements, and Management’s Discussion and Analysis will be filed on Sedar (www.sedar.com) on February 25, 2010. In addition, these documents and the Form 40F will be filed on Edgar (www.sec.gov) on the same date. Alternatively, the documents are available to download from the Investors section of www.stantec.com, or you may contact Stantec for copies free of charge.
Major contracts awarded to Stantec throughout 2009 reflect its increasing depth of services and ability to work on increasingly complex projects for clients across North America. For example, Stantec is leading a seven-firm team in providing 3-D laser scanning and surveying services to the U.S. General Services Administration, the government body that oversees the construction and management of federal buildings across the country. The contract is worth US$30 million over the next five years, of which Stantec is allotted 50% of the fee volume. As part of the Strategic Alliance for Risk Reduction (STARR) joint venture, the Company is assisting the Federal Emergency Management Agency (FEMA) in its significant flood risk mapping and planning program, Risk MAP. The five-year, US$600-million contract, of which Stantec has a 15% stake, is one of three contracts FEMA has awarded to support its efforts to create safer communities by providing more accurate flood and risk data to first responders and community officials and helping communities with risk management planning. The Company was awarded a global, multiyear, preferred supplier contract to provide environmental assessment and remediation services to international energy corporation Chevron. Stantec’s contract will focus on three chief areas of work: environmental, social, and health impact assessments; environmental remediation; and operational excellence compliance auditing. The firm was also chosen to design the rehabilitation of the West Roxbury Tunnel in Boston, Massachusetts, a 12,500-foot-long, 84-inch-diameter rock tunnel that runs beneath a densely populated section of the city. With depths of up to 220 feet and limited points of access, the project requires carefully planned logistics and marks the largest and most complex linear infrastructure rehabilitation project ever awarded to the firm. Stantec continued to focus on growing its presence in the healthcare sector, and during the year, it was awarded a contract with the U.S. Department of Veterans Affairs to provide architecture and engineering services for a major new project at the Puget Sound Medical Center in Seattle, Washington. The project includes a new 200,000-square-foot mental health outpatient and research center, seismic upgrade of an existing hospital bed tower, and a multistory 800-car parking garage. The total project budget is estimated to be $223 million. Additionally, Stantec was selected by a public-private partnership (P3) client as the preferred proponent for a redevelopment project at the Centre for Addiction and Mental Health in Toronto, Ontario. The Company’s responsibilities include full integrated design services—architecture; mechanical, electrical, structural, and civil engineering; sustainable design consulting; and transportation engineering. “This past year we went through a successful transition of leadership as part of our succession strategy. Dan Lefaivre became our new chief financial officer, Rich Allen became our new chief operating officer, and it was my first year as CEO. All of our new leaders were promoted from within the organization. We also completed the largest acquisition in the history of our Company and did so within the context of a very difficult economy,” says Gomes. “It is a testament to the strength of our business model and the abilities of our staff that during all this change we have been able to improve the efficiency of our operations and continue to do quality work for our clients.” Stantec’s Annual Meeting of Shareholders will be held on May 13, 2010, at 11:00 AM MDT (1:00 PM EDT) at the Sutton Place Hotel in Edmonton, Alberta, 10235 – 101 Street. The Fourth Quarter and Year-End Conference Call, being held today at 2:00 PM MST (4:00 PM EST), will be broadcast live and archived in the Investors section at www.stantec.com . Financial analysts who wish to participate in the earnings conference call are invited to call 866-321-8231 and provide the confirmation code 7022473 to the first available operator. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 9,300 employees operating out of more than 150 locations in North America. Stantec trades on the TSX and the NYSE under the symbol STN. Stantec is One Team providing Infinite Solutions. Media Contact Heena Chavda Stantec Media Relations Tel : (416) 598-5299 heena.chavda@stantec.com Investor Contact Simon Stelfox Stantec Investor Relations Tel: (604) 696-8338 simon.stelfox@stantec.com | | System Account | moss_publish | | 117 | | 2/18/2010 | EDMONTON AB TSX, NYSE:STN Stantec will be releasing its financial results for the fourth quarter and year-end 2009 on February 25, 2010, after 10:00 AM EDT (8:00 AM MDT) At 4:00 PM EDT (2:00 PM MDT) on Thursday, February 25, 2010, Bob Gomes, President & CEO, and Dan Lefaivre, Senior Vice President & CFO, will hold a conference call to discuss the fourth quarter and year-end 2009 results. Formal remarks will last about 30 minutes, followed by a structured Q & A for financial analysts.
For all interested investors and the news media, the conference call will be broadcast live and archived in its entirety in the Investors section on www.stantec.com.
Financial analysts who wish to participate in the conference call are invited to call: Toll-free: 866-321-8231 Local Toronto: 416-642-5213 Provide the confirmation code 7022473 to the first available operator. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 10,000 employees operating out of more than 130 locations in North America. Stantec trades on the TSX and NYSE under the symbol STN. Stantec is One Team providing Infinite Solutions. | | System Account | moss_publish | | 116 | | 2/13/2010 | We are deeply shocked and saddened over the tragic accident that occurred at the Whistler Sliding Centre on February 12, and want to express our most profound and sincere sympathies to the athlete's loved ones and teammates. Stantec provided consulting services for the Whistler Sliding Centre venue, along with a team of track specialty consultants. Words cannot express the sorrow and sympathy we feel for all involved. | | System Account | System Account | | 115 | | 11/25/2009 | WASHINGTON DC - TSX, NYSE: STN
North American design firm Stantec is leading a seven-firm team awarded a major contract by the United States General Services Administration (GSA) to provide 3D laser scanning and surveying services for federal building projects across the country. The contract is worth US$30 million over the next five years of which Stantec is allotted 50% of the fee volume. “This is a significant win for Stantec’s US operations,” says Bob Gomes, Stantec President & CEO. “This contract allows us to demonstrate our full range of surveying and mapping capabilities on a large scale and to contribute to an important federal initiative.” Stantec’s surveying and mapping group has developed a particular specialty in 3D laser scanning, which involves using lasers to scan a building or scene and nearly instantly create 3D images that users can view from any angle. The firm has used the technology for reconstruction and renovation projects at such sites as Yankee Stadium, New York City’s City Hall, a levee break in Fernley, Nevada, and the construction crane collapses in New York City and Miami in 2008. With this new contract, Stantec will help the GSA augment its existing building information modeling (BIM) program and further build a comprehensive database of federal facilities. “Laser scanning has significantly helped develop the way we document existing buildings and plan their upkeep and renovation,” says Christopher Zmijewski, a principal in Stantec’s survey and geomatics division. “With this new effort, the US government will have a tremendously robust database and a much more efficient way of managing its building projects.” Stantec’s team for the contract includes Stantec Consulting Services Inc., CH2M Hill, Optira, CHA, Taylor Wiseman & Taylor, Adept Project Delivery, and QinetiQ North America. The Company is also involved in a number of other federal projects throughout North America, including an effort to help the Federal Emergency Management Agency (FEMA) undertake a massive flood risk mapping and planning program known as Risk MAP.
Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 10,000 employees operating out of more than 130 locations in North America. Stantec trades on the TSX and the NYSE under the symbol STN. Stantec is One Team providing Infinite Solutions. | | System Account | System Account | | 114 | | 11/5/2009 | 2009 Third Quarter Report (PDF) EDMONTON AB - TSX, NYSE: STN The third quarter of 2009 resulted in strong operating results for Stantec as gross revenue increased 10.5% to C$384.2 million and net revenue increased 6.1% to C$306.7 million compared to the third quarter of 2008. Gross margin increased from 56.0% to 56.5% and cash from operating activities increased from C$54.6 million in the third quarter of 2008 to C$62.9 million in 2009. During the quarter, the Company recorded a C$35.0 million goodwill impairment charge due to fluctuations and continuing uncertainty from economic conditions related to the US West operations. The goodwill impairment charge is non-cash in nature and does not affect Stantec’s liquidity, cash flows from operating activities, or debt covenants, and does not impact future operations. Excluding the impact of the goodwill impairment charges in the third quarter of 2008 and 2009, financial results improved quarter over quarter with net income increasing 8.7% to C$25.0 million compared to C$23.0 million in 2008 and diluted earnings per share increased 10.0% to C$0.55 in third quarter 2009 compared to C$0.50 one year ago. "Despite a difficult market and continuing weakness in some of our areas we have been able to post solid third quarter results because of the strength and diversity of our business model," says Bob Gomes, Stantec president and CEO. “Although current market conditions have necessitated the write-down of a portion of our goodwill, these non-cash charges do not impact current or future operations.” Reported results for the third quarter of 2009 are as follows: - In the third quarter of 2009 gross revenue increased 10.5% to C$384.2 million compared to C$347.6 million for the same period in 2008. Net revenue increased 6.1% to C$306.7 million compared to C$289.2 million. After a goodwill impairment charge of C$35.0 million related to Stantec’s US West operations, net loss was C$10.0 million compared to a loss of C$30.0 million (after a goodwill impairment charge of C$53.0 million) in the third quarter of 2008 and diluted earnings per share were a loss of C$0.22 compared to a loss of C$0.66 in the same period last year.
- Year-to-date 2009 gross revenue increased 19.8% to C$1.18 billion compared to C$982.7 million over the first nine months of 2008. Net revenue increased 16.2% to C$968.1 million compared to C$833.1 million. Net income for 2009 was C$33.0 million compared to C$9.0 million in the first nine months of 2008. Diluted earnings per share increased to C$0.72 compared to C$0.20 for the same period in 2008.
- Stantec recently announced that it plans to acquire the assets of Granary Associates, subject to certain conditions, in early November. Granary Associates is a Philadelphia based firm, with approximately 100 staff, specializing in project management and design of healthcare facilities.
- During the third quarter Stantec announced that Rich Allen, current senior vice president of the US East region will be taking on the role of chief operating officer (COO), effective January 1, 2010, taking over from Mark Jackson who will be retiring at the end of 2009. In addition, Stantec’s board of directors announced Paul Cellucci, former governor of Massachusetts and former US ambassador to Canada, was named a director of the Company.
- Complete Financial Statements, Notes to the Financial Statements, and Management’s Discussion and Analysis will be filed on Sedar (www.sedar.com) and Edgar (www.sec.gov) on November 5, 2009. The documents are also available free of charge by downloading them from the Investors section on www.stantec.com or you may contact Stantec for a copy of the documents.
Project awards during the quarter demonstrate Stantec’s ability to differentiate itself in the marketplace by offering specialty services and providing services from multiple practices delivered as one team. Stantec was awarded a contract with the U.S. Department of Transportation Federal Transit Administration (FTA) to provide project management oversight services for work completed by transportation and transit agencies across the United States over the next five years. Responsibilities will include reviewing, auditing, monitoring, and reporting on project implementation plans and processes to ensure that FTA-funded projects are adequately staffed and managed and efficiently and effectively executed. Stantec also obtained a contract to complete the surveying, site and civil engineering, and geotechnical investigations required for developing vacant lots owned by the Philadelphia Housing Authority as part of the Mantua Revitalization Phases I and II project. Together, the two phases of this brownfield redevelopment, which is funded by the American Recovery and Reinvestment Act (ARRA), will contain 101 accessible rental units, including walk-up apartments, duplexes, and triplexes, for low- and moderate-income individuals and families. In addition, Stantec secured several indefinite delivery/indefinite quantity contracts to conduct multidiscipline engineering inspections of levees in Arkansas, Indiana, Kansas, Missouri, Oklahoma, West Virginia, and Kentucky for the U.S. Army Corps of Engineers (USACE). Also funded in part by the ARRA package, these long-term, multimillion-dollar contracts are part of the USACE’s Levee Safety Program, which involves the independent inspection and evaluation of approximately 1,400 federally authorized levee systems. New assignments in the Buildings area showcase Stantec’s expertise in the design of health care and educational facilities and in sustainable design consulting. In Toronto, Ontario, the Company is part of a team selected as the preferred proponent for Phase 1B of a redevelopment project at the Centre for Addiction and Mental Health (CAMH). Stantec is providing full integrated design services—architecture; mechanical, electrical, structural, and civil engineering; sustainable design consulting; and transportation engineering for this public-private partnership project. In the educational sector, Stantec is contributing services—mechanical, electrical, and plumbing engineering; sustainable design consulting; building simulation and modeling; and commissioning—to the development of the Student Success Building at the new “neighborhood” campus of Metro State University in Denver, Colorado. With 150,000 square feet (13,900 square metres) of administrative, student service, and classroom space, the building will be designed to LEED Platinum, zero net energy standards. “It has been a very busy quarter, meeting staff, clients, and shareholders,” adds Gomes. “While the market is still quite unpredictable, and we expect will remain that way through the rest of the year, results this quarter show that our business model and our staff continue to perform admirably in this difficult economic environment.” The third quarter Conference Call, to be held today at 4:00 PM EDT (2:00 PM MDT), will be broadcast live and archived on Stantec's web site at stantec.com in the Investor Relations section. Financial analysts who wish to participate in the earnings conference call are invited to call 866-321-8231and provide the confirmation code 4026947 to the first available operator. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 10,000 employees operating out of more than 130 locations in North America. Stantec trades on the TSX and the NYSE under the symbol STN. Stantec is One Team providing Infinite Solutions. Cautionary note regarding forward-looking statements This press release contains information regarding "forward-looking statements" as the closing date for the acquisition of Granary Associates, Inc. has yet to occur. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. There is a significant risk that predictions, forecasts, conclusions, projections, and other forward-looking statements will not prove to be accurate. We caution readers of this press release not to place undue reliance on our forward-looking statements since a number of factors could cause actual future results, conditions, actions, or events to differ materially from the targets, expectations, estimates, or intentions expressed in these forward-looking statements. These factors include, but are not limited to, the proposed transaction not closing when expected or at all because conditions to closing are not satisfied on a timely basis or at all. The preceding list of factors is not exhaustive. Investors and the public should carefully consider these factors, other uncertainties, and potential events as well as the inherent uncertainty of forward-looking statements when relying on these statements to make decisions with respect to our Company. The forward-looking statements contained herein represent our expectations as of November 5, 2009, and accordingly, are subject to change after such date. Except as may be required by law, we do not undertake to update any forward-looking statement, whether written or verbal, that may be made from time to time. For more information on how other material factors and other factors could affect our results, refer to the Risk Factors section in our 2008 Financial Review and the Caution Regarding Forward-Looking Statements in our Third Quarter 2009 Report. You may obtain these documents by visiting EDGAR on the SEC website at www.sec.gov or on the CSA website at www.sedar.com. | | System Account | moss_publish | | 113 | | 10/30/2009 | EDMONTON AB - TSX, NYSE:STN Stantec executives Bob Gomes, President & CEO, and Dan Lefaivre, Senior Vice President & CFO, will hold a conference call to discuss the third quarter 2009 results on Thursday, November 5, 2009, commencing at 4:00 PM EDT (2:00 PM MDT, 1:00 PM PDT). The call will last about 30 minutes. Once Bob and Dan have completed their remarks, a structured Q & A for financial analysts will follow.
For all interested investors and the news media, the conference call will be broadcast live and archived in its entirety in the Investors section on www.stantec.com.
Financial analysts who wish to participate in the earnings conference call are invited to call: 866-321-8231 and provide the confirmation code 4026947 to the first available operator.
Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 10,000 employees operating out of more than 130 locations in North America. Stantec trades on the TSX and the NYSE under the symbol STN. Stantec is One Team providing Infinite Solutions. Investor Contact Simon Stelfox Investor Relations Stantec Tel: 780-917-7288 | | System Account | moss_publish | | 112 | | 10/29/2009 | PHILADELPHIA PA - TSX, NYSE:STN
The employees of Granary Associates, a Philadelphia and New York based firm with approximately 100 employees specializing in project management, planning, architecture, and interior design for healthcare facilities, are expected to join with North American design firm Stantec.
“The staff of Granary Associates have built a reputation as leaders in the healthcare industry and they have an impressive portfolio of projects and clients throughout the US and internationally,” says Bob Gomes, Stantec president and CEO. “They will add considerable depth to our service offering in the healthcare sector.”
With a 31-year history in healthcare facility design, Granary Associates has worked on some of the world’s leading healthcare facilities. For example, the company provided planning and interior architecture services for the Sidra Medical and Research Center in Qatar and project management, architecture, and interior design services for Memorial Sloan-Kettering Cancer Center’s Pediatric Day Hospital in New York City. Granary also worked on the award-winning George Lynn Harmony Pavilion at the AtlantiCare Regional Medical Center in Atlantic City, New Jersey, and provided conceptual design services for the Cadres’ In-Patient Building of the Air Force General Hospital in Beijing, China. The firm is also playing a large role in providing master planning, architecture, and interior design services to Susquehanna Health’s Project 2012 in Williamsport, Pennsylvania, a major modernization of the area’s three-hospital system.
“We are joining Stantec because we know with access to the Company’s technical resources and a North American network of professionals we will be able to better serve our current clients and create more opportunities for our staff to grow their careers,” says Michael Arnold, Granary Associates president and CEO, who will continue with Stantec as a Senior Principal.
The employees of Granary Associates will continue to operate out of their current locations in Philadelphia, New York City, and Doha, Qatar. The transaction is structured as an asset purchase and is expected to close, subject to certain conditions, in early November.
Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 10,000 employees operating out of over 130 locations in North America. Stantec trades on the TSX and the NYSE under the symbol STN. Stantec is One Team providing Infinite Solutions.
| | System Account | System Account | | 111 | | 10/14/2009 | SAN FRANCISCO CA - TSX, NYSE:STN Stantec was recently awarded a contract with the U.S. Department of Veterans Affairs to provide architecture and engineering services for a major new project at the Puget Sound Medical Center in Seattle. The project includes a new 200,000-square-foot mental health outpatient and research center; seismic upgrade of an existing hospital bed tower; and a multi-story 800-car parking garage. The total project budget is estimated to be $223 million. “We are pleased to be supporting the department’s mission to provide excellence in patient care to veterans,” said Bob Gomes, Stantec President and CEO. “This contract is the first major capital project awarded to Stantec’s architecture practice by a U.S. federal agency and demonstrates our growing strength in the healthcare sector.” The San Francisco office of Stantec Architecture with associate architect The Design Partnership, also of San Francisco, will provide integrated design services. Stantec’s Seattle office will provide sustainability, mechanical and plumbing engineering services. Stantec’s Redmond, Washington office will provide environmental assessment; and the Rancho Cordova, California office will provide hazardous materials assessment and remediation planning. The Department of Veterans Affairs is targeting LEED Silver certification for the project from the U.S. Green Building Council for environmentally-friendly construction methods and energy-saving design. Stantec provides professional design and consulting services in architecture, engineering, planning, surveying, economics, and project management. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage from initial concept and financial feasibility to project completion and beyond. Our services are offered through over 10,000 employees operating out of more than 130 locations across North America. Stantec trades on the TSX and on the NYSE under the symbol STN. Stantec is One Team providing Infinite Solutions. | | System Account | System Account | | 110 | | 9/28/2009 | BOSTON MA - TSX, NYSE: STN North American design firm Stantec announced that Rich Allen will be appointed the new chief operating officer (COO) of the Company, effective January 1, 2010. Based in Boston, Massachusetts, Allen is currently a senior vice president and managing leader of the firm’s operations in the eastern half of the US. “Rich is a perfect fit for the COO position and we’re pleased he’s agreed to take on this new challenge,” says Stantec President & CEO Bob Gomes. “Our goal has been to fill our senior leadership positions from within our own ranks when we can, and Rich’s transition will be another successful example of this plan.” Allen will take over the role from Mark Jackson, who will be retiring at the end of the year and has served in the position since 2007. Allen joined Stantec in 2006 with the acquisition of engineering firm Dufresne-Henry, where he served as president and CEO. As leader of Stantec’s US East region, he has helped more than triple the firm’s presence there as it expanded into New York City, Ohio, Kentucky, Illinois, and other areas. Allen graduated from Worcester Polytechnic Institute (WPI) with a degree in civil engineering in 1976 and, four years later, earned a master of science degree in the same field from the University of Washington after graduate research at McGill University. After nine years of engineering practice on water and wastewater supply, transmission, and treatment projects on both the US east and west coasts, he received his Juris Doctor from Franklin Pierce Law Center in 1985. He then practiced law for 17 years with Gadsby Hannah, LLP in Boston, serving as an associate, partner, and leader of the firm's national design and construction law practice group. A noted author and speaker, Allen has written extensively on issues related to engineering and construction law and has served as a visiting professor at WPI. He is a registered professional engineer and attorney at law in several US states as well as a member of the bar for the United States Supreme Court and the First and Fourth Circuit Courts of Appeals. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets, at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 10,000 employees operating out of over 130 locations in North America. Stantec trades on the TSX and on the NYSE under the symbol STN. Stantec is One Team providing Infinite Solutions
| | System Account | System Account | | 109 | | 9/17/2009 | EDMONTON AB - TSX, NYSE:STN Mr. Ron Triffo, P.Eng., Chairman of the Board of Stantec Inc., on behalf of the Stantec Board of Directors, is pleased to announce that Mr. Paul Cellucci has been appointed as a Director of the Company. Mr. Cellucci brings over 35 years of public service experience, including, as US Ambassador to Canada, Governor of Massachusetts, and Lieutenant Governor of Massachusetts. “We are very pleased to have Mr. Cellucci join Stantec’s Board of Directors,” says Triffo. “He brings a wealth of experience and knowledge in international trade and industry and we look forward to the many contributions he will make to our organization.” Mr. Cellucci received his law degree from Boston College Law School in 1973. In 1970, he graduated from the Boston College School of Management, where he served in the Reserve Officers Training Corps (ROTC). He also served in the U.S. Army Reserves from 1970 until 1978, when he was honorably discharged with the rank of Captain. Mr. Cellucci's career in government began in 1970 when he was elected to the Hudson Charter Commission. One year later he won a seat on the Hudson Board of Selectmen and he served on that panel until 1977. In 1976 he was elected to the first of four terms in the Massachusetts House of Representatives. In 1984, Governor Cellucci was elected to the Massachusetts Senate from the Middlesex and Worcester District, and during his third and final Senate term became the Assistant Republican Leader. Mr. Cellucci served as Lieutenant Governor of the Commonwealth of Massachusetts from 1991 to 1997 and as Governor of Massachusetts from 1997 to 2001. Mr. Cellucci was appointed as US Ambassador to Canada in 2001. During his four year term, he worked diligently to strengthen and grow the trading relationship between the United States and Canada. Since leaving his position as Ambassador, Cellucci has penned a book titled Unquiet Diplomacy, a memoir of his time as ambassador. In addition he spent a year with Magna Entertainment Corporation as an advisor to Frank Stronach and has since joined the Boston office of the law firm of McCarter & English, LLP, where he holds the title of Special Counsel. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 10,000 employees operating out of more than 130 locations in North America. Stantec trades on the TSX and the NYSE under the symbol STN. Stantec is One Team providing Infinite Solutions.
| | System Account | System Account | | 108 | | 8/6/2009 | 2009 Second Quarter Report (PDF) EDMONTON AB TSX, NYSE:STN North American design firm Stantec announced second quarter 2009 results today with gross revenue increasing 13.0% to C$388.1 million and net revenue increasing 10.1% to C$318.1 million compared to the second quarter of 2008. Net income for the quarter was C$22.3 million, and diluted earnings per share were C$0.49. “During the first six months of 2009, we have experienced challenging market conditions across North America. I’m pleased that our employees continue to deliver by managing the business effectively and efficiently, which is reflected in our results this quarter and year to date,” says Bob Gomes, Stantec President & CEO. The outlook through the rest of the year remains stable for Stantec. In the quarter, the firm began to see some smaller stimulus funded projects being awarded, but it does not expect to feel any significant effect of stimulus funding in the infrastructure market until the end of 2009 or early 2010. Stantec believes that infrastructure spending approved by the US and Canadian federal governments in the first quarter of 2009 will assist in maintaining its backlog and replace some projects that have been curtailed due to difficult economic conditions. Key developments in the quarter included the following: - Gross revenue increased 13.0% to C$388.1 million compared to C$343.3 million in the second quarter of 2008. Net revenue increased 10.1% to C$318.1 million from C$289.0 million, and net income was up 0.9% to C$22.3 million compared to C$22.1 million. Diluted earnings per share were C$0.49 in the second quarter of 2009 compared to C$0.48 in the same period last year, representing an increase of 2.1%.
- Year-to-date 2009 gross revenue increased 24.8% to C$792.9 million compared to C$635.1 million in the same period of 2008, and net revenue increased 21.6% to C$661.4 million from C$543.9 million. Net income increased 10.3% to C$43.0 million from C$39.0 million. Diluted earnings per share were up 10.6% to C$0.94 from C$0.85.
- During the second quarter Stantec announced it had renewed its normal course issuer bid pursuant to which it may purchase up to 2,273,722 of its common shares, representing approximately 5% of its issued and outstanding shares. Stantec also announced it was awarded a contract to design the rehabilitation of the West Roxbury Tunnel, a 12,500-foot-long, 84-inch-diameter rock tunnel running beneath Boston, Massachusetts.
- Also in the second quarter, Mr. David Emerson P.C. and Mr. Robert (Bob) Gomes, the new President & CEO of Stantec, were added to the board of directors.
- Complete Financial Statements, Notes to the Financial Statements, and Management’s Discussion and Analysis will be filed on Sedar (www.sedar.com) and Edgar (www.sec.gov) on August 6 and are available to download free of charge from the Investors section on www.stantec.com. The documents are also available from Stantec.
Project activity in the quarter is a good reflection of how Stantec’s diversification is helping the firm continue to succeed in a challenging market. For example, Stantec’s Environment practice was awarded a contract with the City of Windsor, Ontario, to provide services for developing a combined sewer overflow treatment system, as part of its riverfront pollution control plan. This project award is a direct result of stimulus funding for infrastructure projects in Canada. In Victoria, British Columbia, the firm was chosen to provide program management, technical planning, and preliminary engineering services for the installation of the Capital Regional District (CRD)—Core Area Wastewater Treatment Program. This multiyear initiative is one of the largest wastewater treatment programs in the world and will provide secondary treatment facilities for the CRD core area communities by 2017. In Los Angeles, Stantec’s Transportation group is part of a team providing on-call project management, construction management, and staff assistance services to the Southern California Regional Rail Authority in support of new construction and rehabilitation projects for its Metrolink commuter rail system. The work will span five years and include more than a dozen large projects. In Philadelphia, Pennsylvania, the firm is working on systems for warning device replacement and improvement projects on trolley lines, and in Miami, Florida, Stantec was chosen to design and commission signal and communication systems for three new metrorail stations connecting passengers to the Miami Intermodal Center, a massive transportation hub being developed by the Florida Department of Transportation at Miami International Airport. Work also began on rehabilitating the signal system for the 38th Street Yard Leads Reconstruction Project in the Borough of Brooklyn for New York City transit. In Nevada, Stantec’s Urban Land group is working on a project for the Nevada Department of Transportation to design the landscaping and aesthetics for Interstate 15 South in Las Vegas. In California, work continues on Phase 1 of Walker Community Park for the City of Galt, for which the firm is providing landscape architecture, survey, and civil, electrical, and environmental engineering services. Stantec’s Buildings team has been hired to help the Bermuda Hospitals Board expand and redevelop the aging King Edward VII Memorial Hospital located in Hamilton, Bermuda. The firm is providing a full suite of integrated services—architecture; interior design; mechanical, electrical, and structural engineering; and sustainability consulting—for the project which is intended to be delivered through a public-private partnership. In addition, the firm was awarded a contract with the University of the Fraser Valley in British Columbia to provide integrated services in architecture, landscape architecture, interior design, and structural, mechanical, electrical, and civil engineering for the first phase of the relocation of its Chilliwack campus. “Our performance to date in 2009 is a direct reflection of the stability of our business model and our employees’ ability to react to and take advantage of the opportunities that exist in a changing market,” adds Gomes. The second quarter conference call, to be held today at 4:00 PM EDT (2:00 PM MDT), will be broadcast live and archived in the Investors section at www.stantec.com. Financial analysts who wish to participate in the earnings conference call are invited to call 866-321-8231and provide the confirmation code 8158548 to the first available operator. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 10,000 employees operating out of more than 130 locations in North America. Stantec trades on the TSX and the NYSE under the symbol STN. Stantec is One Team providing Infinite Solutions. Cautionary note regarding forward-looking statements This press release contains information regarding "forward-looking statements". By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. There is a significant risk that predictions, forecasts, conclusions, projections, and other forward-looking statements will not prove to be accurate. We caution readers of this press release not to place undue reliance on our forward-looking statements since a number of factors could cause actual future results, conditions, actions, or events to differ materially from the targets, expectations, estimates, or intentions expressed in these forward-looking statements. These factors include, but are not limited to the risk that economic downturns could have a negative impact on our business as clients may curtail investment in infrastructure projects or may experience difficulty in paying for services performed. If we experience delays and/or defaults in customer payments we could suffer liquidity problems or be unable to recover our expenditures. Goodwill and other intangible assets acquired from our acquisitions represent substantial portions of our total assets. If our acquired businesses do not perform as expected, we may be required to write down the value of our goodwill and other intangible assets, which could have a material adverse effect on our earnings. The preceding list of factors is not exhaustive. Investors and the public should carefully consider these factors, other uncertainties, and potential events as well as the inherent uncertainty of forward-looking statements when relying on these statements to make decisions with respect to our Company. The forward-looking statements contained herein represent our expectations as of July 31, 2009, and accordingly, are subject to change after such date. Except as may be required by law, we do not undertake to update any forward-looking statement, whether written or verbal, that may be made from time to time. For more information on how other material factors and other factors could affect our results, refer to the Risk Factors section in our 2008 Financial Review and the Caution Regarding Forward-Looking Statements in our Second Quarter 2009 Report. You may obtain these documents by visiting EDGAR on the SEC website at www.sec.gov or on the CSA website at www.sedar.com. Media Contact Jay Averill Media Relations Stantec Tel: 780-917-7441 Investor Contact Simon Stelfox Investor Relations Stantec Tel: 780-917-7288 One Team. Infinite Solutions. | | System Account | moss_publish | | 107 | | 7/31/2009 | EDMONTON AB TSX, NYSE:STN
Stantec executives Bob Gomes, President & CEO, and Dan Lefaivre, Senior Vice President & CFO, will hold a conference call to discuss the second quarter 2009 results on Thursday August 6, 2009, commencing at 4:00 PM EDT (2:00 PM MDT, 1:00 PM PDT). The call will last about 30 minutes. Once Bob and Dan have completed their remarks, a structured Q & A for financial analysts will follow.
For all interested investors and the news media, the conference call will be broadcast live and archived in its entirety in the Investors section on www.stantec.com.
Financial analysts who wish to participate in the earnings conference call are invited to call: 866-321-8231 and provide the confirmation code 8158548 to the first available operator. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 10,000 employees operating out of more than 130 locations in North America. Stantec trades on the TSX and the NYSE under the symbol STN. Stantec is One Team providing Infinite Solutions. Investor Contact Simon Stelfox Investor Relations Stantec Tel: 780-917-7288
| | System Account | moss_publish | | 106 | | 7/29/2009 | EDMONTON AB - TSX, NYSE: STN North American design firm Stantec announced today that the firm has been awarded a global, multi-year, preferred supplier contract to provide environmental assessment and remediation services to international energy corporation Chevron. Stantec’s contract will focus on three chief areas of work: environmental, social, and health impact assessments; environmental remediation; and operational excellence compliance auditing. Stantec’s environmental practice will be leading the work from offices throughout the Company. “Our environmental team has had a strong relationship with Chevron for over 20 years and we’re excited to be further strengthening our relationship with them,” says Bob Gomes, Stantec President & CEO. “Projects like those to be completed under this contract demonstrate Chevron’s commitment toward bettering our environment and we’re proud to be a part of their ongoing efforts.” Stantec will begin work under the contract immediately at sites throughout North America, South America, Asia Pacific, the Middle East, and Russia. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets, at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 10,000 employees operating out of over 130 locations in North America. Stantec trades on the TSX and on the NYSE under the symbol STN. Stantec is One Team providing Infinite Solutions | | System Account | System Account | | 105 | | 7/2/2009 | EDMONTON AB - TSX, NYSE:STN Mr. Ron Triffo, P.Eng., Chairman of the Board of Stantec Inc., on behalf of the Stantec Board of Directors, is pleased to announce that Mr. David Emerson and Mr. Robert (Bob) Gomes have been appointed as Directors of the Company. David Emerson, PC holds a Doctorate in economics from Queen’s University. Mr. Emerson began his career as a member of the public service in 1972, serving as an economist with the Economic Council of Canada. He joined the public service of British Columbia in 1975, where he served in various roles between 1975 and 1990, including Deputy Minister of Finance, Secretary to Treasury Board, Deputy Minister to the Premier, and Secretary to Cabinet. Between 2004 and late 2008, he was a federal member of parliament. He served as Canada’s Minister of Industry from 2004 to 2006, Minister of International Trade with responsibility for the 2010 Winter Olympics and the Asia Pacific Gateway Initiative from 2006 to 2008, and Minister of Foreign Affairs from May 2008 to October 2008. In the private sector, he was chief executive officer of Western and Pacific Bank of Canada from 1986 to 1988 and, following a merger, chair and chief executive officer of Canadian Western Bank (1988–1990). He served as president and chief executive officer of the Vancouver International Airport Authority from 1992 to 1997 and president and chief executive officer of Canfor Corporation from 1998 to 2004. Mr. Emerson previously served on Stantec’s Board of Directors from 1995 to 1998. “We’re very pleased to have Mr. Emerson rejoin Stantec’s Board of Directors,” says Triffo. “He brings to our Board a wealth of knowledge in international trade and industry in addition to his vast experience in the private sector.” Bob Gomes is the newly appointed President & CEO of Stantec Inc. and has been appointed to the Board along with his new role leading Stantec. Mr. Gomes has a degree in civil engineering from the University of Alberta and prior to joining Stantec in 1988, began his career working with a land development-engineering firm. In 1991, he was appointed principal engineer in charge of the Edmonton office, and in November 1998, he was appointed vice president of Stantec’s Edmonton Urban Land group. In January 1999, he was appointed vice president of Alberta North, a role responsible for all activities in the Edmonton office and in northern Alberta. In early 2005, he acquired the additional responsibilities of the corporate practice area leader for the Energy & Resources group and later in the year was appointed senior vice president. Mr. Gomes officially took over the role of President & CEO on May 15, 2009. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 10,000 employees operating out of more than 130 locations in North America. Stantec trades on the TSX and the NYSE under the symbol STN. Stantec is One Team providing Infinite Solutions. | | System Account | System Account | | 104 | | 6/25/2009 | BOSTON MA - TSX, NYSE: STN Engineering firm Stantec has been chosen to design the rehabilitation of a major sewer tunnel running beneath a densely populated section of Boston, Massachusetts. The firm will be redesigning the West Roxbury Tunnel, a 12,500-foot-long, 84-inch-diameter rock tunnel that has become severely corroded over time. With depths of up to 220 feet and limited points of access, the project requires carefully planned logistics and marks the largest and most complex linear infrastructure rehabilitation project ever awarded to the firm. “This project demonstrates the depth and breadth of our Environment practice,” says Bob Gomes, Stantec President & CEO. “With the vast resources available to our employees across North America we have the capability to complete larger and more complex projects such as the West Roxbury Tunnel.” The Massachusetts Water Resources Authority (MWRA) has given the tunnel project a high priority based on its critical service to as many as 125,000 homes and businesses. Stantec will be examining the conditions of the tunnel and exploring the viability of several rehabilitation or realignment options. Stantec will also manage the traffic control, permitting, surveying, hazardous materials handling, and other services related to the design and construction of the new or rehabilitated tunnel. The Massachusetts offices of Hatch Mott MacDonald and Brown and Caldwell are also key subconsultants on the engineering team. “Rehabilitating or replacing this tunnel is a high priority for the MWRA and we’re glad to be able to contribute,” says Bill Powers, Stantec’s project manager. “With so much focus lately on improving our country’s infrastructure, now is an especially opportune time for a job of this magnitude.” The MWRA is one of the ten largest water and wastewater utilities in the United States. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets, at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 10,000 employees operating out of over 130 locations in North America. Stantec trades on the TSX and on the NYSE under the symbol STN. Stantec is One Team providing Infinite Solutions
| | System Account | System Account | | 103 | | 5/29/2009 | EDMONTON AB, TSX, NYSE:STN Stantec Inc. announced today that a Notice of Intention to renew a Normal Course Issuer Bid has been filed with, and accepted by, the Toronto Stock Exchange, pursuant to which Stantec may purchase up to 2,273,722 of its common shares, representing approximately 5% of its issued and outstanding shares. Stantec had a total of 45,474,457 common shares outstanding as at May 18, 2009. The purchases may commence on June 1, 2009, and will terminate no later than May 31, 2010. Except for block purchases permitted under the rules and policies of the TSX, the number of Common Shares to be purchased per day will not exceed 47,664, or approximately 25% of the average daily trading volume for the six full calendar months prior to April 30, 2009. Stantec will make the purchases on the open market in accordance with the rules and policies of the TSX, and the prices that Stantec will pay for any common shares will be the market price of such shares at the time of acquisition.
Stantec believes that, from time to time, the market price of its common shares does not fully reflect the value of its business and its future business prospects. As a result, Stantec believes at such times that its outstanding common shares represent an attractive investment and an appropriate and desirable use of its available funds. Stantec also believes that the purchase of its common shares may be advisable, periodically, to offset the dilution resulting from the exercise of options and the dilution that occurs as a result of common shares issued in connection with acquisitions. Any common shares purchased by Stantec will be cancelled.
As at May 18, 2009, pursuant to its normal course issuer bid in place since June 1, 2008, Stantec has purchased 239,000 Common Shares at a weighted average price of $22.73 per share. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 10,000 employees operating out of more than 130 locations in North America. Stantec trades on the TSX and the NYSE under the symbol STN. Stantec is One Team providing Infinite Solutions. | | System Account | System Account | | 102 | | 5/14/2009 | EDMONTON, AB - TSX:STN; NYSE:STN 2009 First Quarter Report (PDF) North American design firm Stantec posted strong first quarter 2009 results today with gross revenues increasing 38.7% to C$404.8 million and net revenue increasing 34.7% to C$343.3 million, generating net income of C$20.7 million, an increase of 22.5% compared to the first quarter of 2008. “We are pleased to report a good start to 2009 with our first quarter results,” says Tony Franceschini, Stantec President & CEO. “Clearly, this performance is continued testament to the strength and sustainability of our business model, demonstrating that we are well positioned to continue to succeed under current market conditions.” During the quarter, Stantec recorded excellent revenue growth in the Environment, Transportation, Buildings, and Industrial practices that contributed positively to the Company’s overall performance. Key developments in the first quarter include the following: - Gross revenue increased 38.7% to C$404.8 million compared to C$291.8 million in the first quarter of 2008. Net revenue increased 34.7% to C$343.3 million from C$254.9 million and net income increased 22.5% to C$20.7 million from C$16.9 million during the same period. Diluted earnings per share were up 21.6% to C$0.45 compared to C$0.37.
- Stantec completed the previously announced acquisition of Jacques Whitford, for cash consideration of C$64 million and notes payable of C$79 million. The addition of Jacques Whitford significantly strengthens Stantec’s Environment practice across Canada and expands the firm’s presence in Atlantic Canada.
- Complete Financial Statements, Notes to the Financial Statements, and Management’s Discussion and Analysis will be filed on Sedar (www.sedar.com) on May 14, 2009. In addition, these documents will be filed on Edgar (www.sec.gov) on the same date. Alternatively, the documents are available to download from the Investors section or you may contact Stantec for copies free of charge.
Projects awarded in the first quarter illustrate the type of work that is contributing to Stantec’s growth within current market conditions. For example, in the transportation area, Stantec was chosen to provide construction management support services to the Los Angeles County Metropolitan Transportation Authority (Metro) for its major capital projects over the next seven years. The projects will include the 4-mile (6.4-kilometre) extension of the Metro Orange bus rapid transit line, and parallel bike and pedestrian path, from Woodland Hills into the northern San Fernando Valley; the widening of Interstate 405 to encompass an additional 10 miles (16 kilometres) of a high-occupancy vehicle lane through the heavily traveled Sepulveda Pass; and the development of the two-story Metro Union Division Bus Maintenance and Operations Facility with a three-story parking structure. In the buildings practice a new sustainable design assignment is the architectural and mechanical, electrical, and structural design of a microturbine cogeneration plant at the 53-story Sheraton New York Hotel and Towers. Powered by natural gas, thirty 65-kilowatt microturbines will produce 1.9 megawatts of electricity for use by the facility. Waste heat from the plant will be harvested to create process steam, domestic hot water, and heating water for the hotel, significantly reducing its carbon footprint. As part of a joint venture, Stantec is also providing architecture, interior design, urban planning, sustainability consulting, and electrical, structural, and mechanical engineering services to help George Brown College in Toronto, Ontario, develop its new waterfront campus. The campus will house the college’s Department of Health Sciences, and a sports and recreation facility complete with an aquatic center. In the industrial area, Stantec was awarded a contract to provide a full range of engineering services for the development of a new 115-megawatt wind farm near Pincher Creek, Alberta. Tasks include the civil, structural, and electrical design of the 34.5-kilovolt underground collector system and the 240/34.5-kilovolt interconnect substation and the civil design of the access roadways, turbine site, and crane pads for the wind farm. Also this quarter, Stantec is designing a new jetty at Canadian Forces Base Esquimalt in British Columbia, for the Department of National Defence and completing the process design for the development of a new prefilled syringe sterile manufacturing facility in Wilson, North Carolina, for a bio/pharmaceuticals client. Tony Franceschini, President & CEO, is stepping down from his role today and as of May 15, 2009, Robert (Bob) Gomes will take over as the fourth President & CEO in Stantec’s 55-year history. “I want to thank each Stantec employee past and present for their unwavering acceptance and support of our vision and for their contributions to making us the company we are today,” adds Franceschini. “Together we have built a strong foundation for the future of Stantec, and I’m pleased to be able to pass on the role of President & CEO to Bob knowing our Company is well positioned to continue the success we’ve enjoyed in the past decade.” Stantec’s Annual Meeting of Shareholders is being held today (May 14, 2009), at 11:00 AM MDT (1:00 PM EDT) at the Royal Alberta Museum in Edmonton, Alberta (12845 – 102nd Avenue). The First Quarter Conference Call, being held today at 2:00 PM MDT (4:00 PM EDT), will be broadcast live and archived in the Investors section at www.stantec.com. Financial analysts who wish to participate in the earnings conference call are invited to call 1-877-719-9796 and provide the confirmation code 4981055 to the first available operator. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 10,000 employees operating out of more than 130 locations in North America. Stantec trades on the TSX and the NYSE under the symbol STN. Stantec is One Team providing Infinite Solutions.
| | System Account | System Account | | 101 | | 5/7/2009 | EDMONTON AB - TSX, NYSE:STN Stantec executives, Tony Franceschini, President & CEO, and Dan Lefaivre, Senior Vice President & CFO, will hold a conference call to discuss the first quarter 2009 results on Thursday May 14, 2009, commencing at 4:00 PM EDT (2:00 PM MDT, 1:00 PM PDT). The call will last about 30 minutes. Once Tony and Dan have completed their remarks, a structured Q & A for financial analysts will follow. For all interested investors and the news media, the conference call will be broadcast live and archived in its entirety in the Investors section. Financial analysts who wish to participate in the earnings conference call are invited to call: 877-719-9796 and provide the confirmation code 4981055 to the first available operator. Stantec’s Annual Meeting of Shareholders is being held the same day (May 14, 2009), at 11:00 AM MDT (1:00 PM EDT) at the Royal Alberta Museum in Edmonton, Alberta (12845 – 102nd Avenue). The Annual Meeting will also be broadcast live and archived in the Investors section. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 10,000 employees operating out of more than 130 locations in North America. Stantec trades on the TSX and the NYSE under the symbol STN. Stantec is One Team providing Infinite Solutions. | | System Account | System Account | | 100 | | 3/10/2009 | Team of four companies selected to update agency’s massive flood data system WASHINGTON DC TSX, NYSE: STN Stantec, as part of the Strategic Alliance for Risk Reduction (STARR) joint venture, has been awarded a major contract by the Federal Emergency Management Agency (FEMA) to help undertake the agency’s massive flood risk mapping and planning program, Risk MAP. The five-year, US$600-million contract is one of three contracts FEMA awarded to support its efforts to create safer communities by providing more accurate flood and risk data to first responders and community officials and aiding them in planning to mitigate those risks. Stantec holds a 15% stake in the joint venture. “This is a significant win for Stantec’s US operations,” says Tony Franceschini, Stantec President & CEO. “Offices from the across US will be supporting the effort, so it’s a nice opportunity for many of our staff to get involved in such a high-profile effort.” The STARR team is a consortium of four firms—PBS&J, CDM, Greenhorne & O'Mara, and Stantec to provide production and technical services for large-scale updates to FEMA’s flood maps. These services include producing new digital flood hazard data, creating maps and other Risk MAP products, and promoting partnerships with local communities, states, and other groups to help reduce the risk of floods and improve flood planning across the country. “The STARR joint venture team is proud to have been selected by FEMA to work on such an important program,” says Vince DiCamillo, a certified floodplain manager and STARR program manager. “Our world-class team is passionate about making our country a safer place, especially in light of the record-breaking damage from storms in recent years.” Under the Risk MAP program, FEMA is working to provide reliable, easy-to-access digital flood risk data that can be used to better assess and plan for flood damage throughout the United States. As part of this effort, the STARR team will collaborate with FEMA and other organizations to better define and mitigate risk from flooding in critical areas throughout the nation. Stantec’s environmental scientists and mapping specialists are involved in a number of similar federal projects throughout North America, including ongoing efforts with the US Army Corps of Engineers, US Fish and Wildlife, Federal Highway Administration, and the US Postal Service. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets, at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 10,000 employees operating out of over 130 locations in North America. Stantec trades on the TSX and on the NYSE under the symbol STN.
| | System Account | System Account | | 99 | | 2/26/2009 | EDMONTON, AB - TSX:STN; NYSE:STN Stantec 2008 Financial Review (PDF) For fiscal year-end 2008 Stantec posted a gross revenue increase of 41.6% to C$1.35 billion and a 36.0% increase in net revenue to C$1.13 billion. During the fourth quarter the Company finalized the C$53 million goodwill impairment recorded in the third quarter of 2008. This charge decreased diluted earnings per share by C$1.15. The goodwill charge is non-cash in nature and does not affect liquidity, cash flows from operating activities, or debt covenants and will not impact future operations. Stantec’s financial results for the year reached record levels generating C$160.0 million in cash flows from operating activities. Excluding the impact of the goodwill impairment charge, net income would have been C$82.0 million with diluted earnings per share of C$1.78 for the year. Including the impact of the goodwill impairment charge, net income was C$29.0 million, compared with C$69.3 million in 2007. Diluted earnings per share were C$0.63, compared to C$1.50 last year. “I am pleased to report that in our 55th year of consecutive profitability we have achieved the goal we set 10 years ago to become a 10,000-person firm with revenues over one billion dollars,” says Tony Franceschini, Stantec President & CEO. “Our performance is a direct reflection of our employees’ dedication to continue embracing our ‘One Team’ operating philosophy. Their drive, loyalty, and passion for their work will help carry Stantec through times of changing market conditions.” Summary of Financial Results: - For the full year 2008, Stantec generated gross revenue of C$1.35 billion, a 41.6% increase from C$954.6 million last year. Net revenue was C$1.13 billion, up 36.0% compared to C$830.9 million in 2007. Net income decreased 58.2% from C$69.3 million to C$29.0 million in 2008 after a write-down of goodwill in the third quarter. Diluted earnings per share were 58.0% lower at C$0.63 compared to C$1.50 in 2007.
- During the year, Stantec conducted its annual goodwill impairment test. Due to the recent fluctuations in the market and the uncertainties arising from overall economic conditions, the Company recorded a C$53.0 million impairment to goodwill. The goodwill charge is non-cash in nature and does not affect liquidity, cash flows from operating activities, or debt covenants and will not impact Stantec’s future operations. Excluding the impact of this goodwill impairment, net income would have increased 18.3% to C$82.0 million, with diluted earnings per share of C$1.78 for the year. Financial results for the year reached record levels with C$160.0 million in cash flows from operating activities.
- In the fourth quarter of 2008, gross revenue increased 43.0% to C$369.3 million from C$258.3 million in 2007. Net revenue increased 37.6% to C$297.0 million compared to C$215.9 million in the fourth quarter of 2007, and net income was up 5.3% to C$20.0 million compared to C$19.0 million. Diluted earnings per share were up 7.3% to C$0.44 compared to C$0.41 in the fourth quarter last year. Income before income taxes was up 22.5% quarter over quarter. The fourth quarter of 2007 was positively impacted by the one-time recovery of a previously recognized income tax expense on Quebec Bill 15.
- In 2008, Stantec added five companies: Columbus, Ohio, environmental management firm, The Zande Companies, Inc. with 285 employees; Rochester, New York-based Rochester Signal, a 25-person firm specializing in signal design and related construction management, installation, and testing services, along with engineering support for the development of all types of rail systems; Redmond, Washington-based SII Holdings, Inc. (Secor) a 700-person firm providing expertise in downstream marketing remedial services to the US energy industry, as well as comprehensive environmental remediation services to the manufacturing, chemical, pulp and paper, and transportation industries; RHL Design Group, Inc. with 170 employees headquartered in Petaluma, California, increasing the Company’s commercial development services; and McIntosh Engineering with offices in Tempe, Arizona, and Sudbury and North Bay, Ontario, providing the Company with a more visible presence in the mining sector.
- At the end of 2008, the Company extended an offer to purchase Halifax, Nova Scotia-based Jacques Whitford, an environmental consulting services firm with more than 1,700 employees and 40 offices principally in Canada. The acquisition closed in January 2009.
- Complete Financial Statements, Notes to the Financial Statements, and Management’s Discussion and Analysis will be filed on Sedar (www.sedar.com) on February 26, 2009. In addition, these documents and the Form 40F will be filed on Edgar (www.sec.gov) on the same date. Alternatively, the documents are available to download from the Investors section or you may contact Stantec for copies free of charge.
The projects awarded to Stantec in the fourth quarter of 2008 demonstrate the Company’s position as a respected leader in the North American design industry. Stantec’s Industrial group in Dartmouth, Nova Scotia, was awarded a contract to help Survival Systems Limited develop a crash simulator for a small combat helicopter to train military personnel for escape when crashing or ditching in water. The survival training simulator is the most realistic of its kind and can accommodate up to four trainers and eight trainees for rapid descents and retrieval exercises. Stantec is a major subconsultant to TranSystems, providing preliminary and final design services for the replacement of the 14th Street Viaduct in Hoboken, New Jersey including the design of all roadway improvements, two intersection modifications, urban streetscaping, and bridge aesthetics, as well as community outreach. An all-Stantec team in Victoria, British Columbia, is providing Victoria Shipyard Co. Ltd with civil site servicing, architecture, structural, electrical, and mechanical engineering services for the development of a hanger for housing and maintaining Canada’s submarine fleet during extended docking periods. Stantec’s Environment practice was awarded a contract to design and implement a real time control system for the operation and control of wet weather flows on the waste water collection system in Hamilton, Ontario. Services include hydrology, hydraulics, structural and mechanical design, instrumentation and controls, systems optimization, detailed design, and operational expertise for the transformational cleanup of Hamilton Harbour. “It is great to see our staff across the continent putting together integrated teams to provide our clients with a full suite of services for their projects,” says Franceschini. “This was the main goal of the vision we set in 1998 to be a top 10 global design firm. We now have the resources, expertise, and depth and breadth of services of a top 10 firm and it is because of the efforts of our employees that Stantec has been able to grow and successfully compete with the largest firms in our industry every day.” Stantec’s Annual Meeting of Shareholders will be held on May 14, 2009, at 11:00 AM MDT (1:00 PM EDT) at the Royal Alberta Museum in Edmonton, Alberta, 12845-102nd Avenue. The Fourth Quarter and Year-End Conference Call, being held today at 2:00 PM MST (4:00 PM EST), will be broadcast live and archived in the Investors section. Financial analysts who wish to participate in the earnings conference call are invited to call 1-866-322-1159 and provide the confirmation code 6922464 to the first available operator. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 10,000 employees operating out of more than 150 locations in North America. Stantec trades on the TSX and the NYSE under the symbol STN. Stantec is One Team providing Infinite Solutions. | | System Account | System Account | | 98 | | 2/19/2009 | EDMONTON AB - TSX:STN, NYSE:STN
Stantec executives, Tony Franceschini, President & CEO, and Dan Lefaivre, Senior Vice President & CFO, will hold a conference call to discuss the fourth quarter 2008 results on Thursday, February 26, 2009, commencing at 4:00 PM EST (2:00 PM MST, 1:00 PM PST). The call will last about 30 minutes. Once Tony and Dan have completed their remarks, a structured Q & A for financial analysts will follow.
For all interested investors and the news media, the conference call will be broadcast live and archived in its entirety in the Investors section on www.stantec.com.
Financial analysts who wish to participate in the earnings conference call are invited to call: 1-866-322-1159 and provide the confirmation code 6922464 to the first available operator.
Stantec provides professional design and consulting services in planning, engineering, architecture, surveying, economics, and project management. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through over 10,000 employees operating out of more than 150 locations in North America. Stantec trades on the TSX and the NYSE under the symbol STN. Stantec is One Team providing Infinite Solutions.
| | System Account | moss_publish | | 97 | | 1/2/2009 | EDMONTON AB TSX, NYSE:STN North American design firm Stantec announced today it has completed the acquisition of Jacques Whitford, an environmental consulting services firm with more than 1,700 employees and 40 offices principally in Canada. Jacques Whitford was 100% employee owned and the transaction received an overwhelming 98% approval from the company’s shareholders. “We’re very pleased that the Jacques Whitford team has chosen to join Stantec,” says Tony Franceschini, Stantec President & CEO. “Jacques Whitford is a great addition which significantly strengthens our Environment practice across Canada, expands our presence in Atlantic Canada, and increases the depth and breadth of services we can offer our clients.” Founded in 1972 and headquartered in Halifax, Nova Scotia, Jacques Whitford is an internationally recognized leader in engineering, environmental and earth sciences solutions with offices in all Canadian provinces and territories and several states in the US. “I believe the reason our employee shareholders voted so strongly in favor of the acquisition was they recognize the opportunity that exists as part of Stantec,” says Bob Youden, Jacques Whitford CEO who will continue with Stantec as a Senior Vice President. “Our employees are excited about the technical resources and the network of people we now gain access to. We have worked with Stantec on a number of successful projects in the past across Canada and now as part of the Stantec team we are able to provide an infinite number of solutions to our clients.” Jacques Whitford provides services in three major areas of practice in Environmental Sciences, Environmental Site Assessement and Remediation, and Geotechnical Materials, and operates primarily in the energy & resource, government, and real estate, finance & insurance sectors. The company’s trailing twelve month gross revenue is approximately C$230.0 million and net revenue is about C$170.0 million. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through more than 10,000 employees operating out of over 150 locations in North America. Stantec trades on the TSX and the NYSE under the symbol STN. Stantec is One Team providing Infinite Solutions.
| | System Account | System Account | | 96 | | 12/18/2008 | EDMONTON AB TSX, NYSE:STN North American design firm Stantec announced today it has achieved company wide registration to the International Organization for Standardization’s (ISO) 9001:2000 Quality Management Systems standard. In addition, it has achieved ISO/IEC 20000 certification which is specific to Information Technology (IT) systems. ISO 9001:2000 is an internationally recognized set of requirements that provide guidance for effective quality management systems. ISO/IEC 20000 is a standard setting out the requirements for an IT Service Management System. The process, which was a strategic company objective for 2008, was successfully concluded with extensive audits being conducted across the company by external auditors BSI Management Systems. “Our goal was to invest in our service delivery practices by implementing a management system in compliance with the ISO 9001:2000 and ISO/IEC 20000 standards” says Tony Franceschini, Stantec President & CEO. “Formal compliance with this management system across the Company promotes a culture of professionalism and continuous improvement in support of our goal to be the service provider of choice to our clients and to enjoy a competitive advantage in the marketplace.” To meet the rigorous requirements of the ISO9001:2000 standard, Stantec developed and implemented the Stantec Quality Management System, a comprehensive on-line management tool which documents the specific requirements and provides helpful and relevant references to policies, practice guides, and procedures. “The Stantec Quality Management System focuses on defining client requirements, strategic planning, employee development, service delivery including quality assurance practices, supplier relationships, and measurement and improvement through client feedback interviews and internal practice audits,” says Peter Salusbury, Vice President in Stantec’s Practice & Risk Management group. “We recognize the need to continually improve our practices and services to remain competitive in the infrastructure and facilities marketplace.” Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 9,000 employees operating out of more than 150 locations in North America. Stantec trades on the TSX and the NYSE under the symbol STN. Stantec is One Team providing Infinite Solutions.
| | System Account | System Account | | 95 | | 12/1/2008 | Building on the success of the first edition, this new publication highlights more of the many sustainable projects we work on with our clients. In keeping with our commitment to sustainable practices in our own operations, we have produced the print version on 100 percent recycled postconsumer waste, FSC-certified paper.
Stantec Sustainable Solutions Second Edition (PDF) | | System Account | System Account | | 94 | | 11/24/2008 | EDMONTON AB TSX, NYSE:STN North American design firm Stantec announced today it has offered to acquire Jacques Whitford, an environmental consulting services firm with more than 1,700 employees and 40 offices principally in Canada. The company’s trailing twelve month gross revenue is approximately C$230.0 million and net revenue is about C$170.0 million. The transaction, expected to be completed in January 2009, is subject to satisfactory due diligence, regulatory approvals, and Jacques Whitford shareholder approval. “Jacques Whitford is a leading provider of environmental management, remediation, and geotechnical engineering services and their addition will significantly strengthen our core capabilities in our Environment practice,” says Tony Franceschini, Stantec President & CEO. “Jacques Whitford provides several strategic advantages including: doubling our geographic presence in Atlantic Canada; expanding and enhancing our geotechnical engineering capabilities; creating a significant presence in Canada’s Arctic and Alberta for resource development environmental and geoscience assessments; expanding our capabilities to support the mining sector; and expanding our capabilities in air quality services. Most importantly, we have similar cultures and shared values including our focus on sustainable development.” Founded in 1972 and headquartered in Halifax, Nova Scotia, Jacques Whitford is an internationally recognized leader in engineering, environmental and earth sciences solutions with offices in all Canadian provinces and territories and several states in the US. The firm is 100% employee owned and has completed over 100,000 projects in more than 65 countries. “We’re excited about the prospect of joining Stantec, one of the most dynamic and innovative companies in our industry,” says Bob Youden, Jacques Whitford CEO. “We feel Stantec is a very good fit for us and we see many opportunities for us to expand our services into the additional sectors that Stantec serves such as mining, water resources, commercial, and manufacturing. By joining Stantec we are able to achieve immediately all of our key growth objectives while keeping true to our core values of advancing sustainability and offering outstanding career opportunities to our employees within the larger organization.” Jacques Whitford provides services in three major areas of practice in Environmental Sciences, Environmental Site Assessement and Remediation, and Geotechnical Materials, and operates primarily in the energy & resource, government, and real estate, finance & insurance sectors. The firm is ranked #112 in Engineering News Record’s Top 150 Global Design Firms annual listing. Stantec ranks #35 on the list. The proposed acquisition has the support of the Jacques Whitford leadership team and the company’s Board of Directors. Conference Call for Analysts A conference call for analysts with Tony Franceschini, Stantec President & CEO and Bob Youden, Jacques Whitford CEO, is scheduled for today (Monday, November 24) at 4:00 PM EST (2:00 PM MST). Financial analysts who wish to participate in the conference call are invited to call: 1-877-856-1958 and provide the confirmation code 4805727 to the first available operator. The call will also be broadcast live and archived in the Investors section under the Events Calendar. Bob Youden will also be in attendance at Stantec’s Investor Relations Day being held on Tuesday, December 2, at the Company’s office in Toronto, Ontario. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 9,000 employees operating out of more than 150 locations in North America. Stantec trades on the TSX and the NYSE under the symbol STN. Stantec is One Team providing Infinite Solutions. Cautionary note regarding forward-looking statements This press release contains information regarding "forward-looking statements". By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. There is a significant risk that predictions, forecasts, conclusions, projections, and other forward-looking statements will not prove to be accurate. We caution readers of this press release not to place undue reliance on our forward-looking statements since a number of factors could cause actual future results, conditions, actions, or events to differ materially from the targets, expectations, estimates, or intentions expressed in these forward-looking statements. These factors include, but are not limited to the proposed transaction does not close when expected or at all because required regulatory or other approvals are not received or other conditions to the closing are not satisfied on a timely basis or at all, that Stantec and Jacques Whitford may be required to modify the terms and conditions of the proposed transaction, or that the anticipated benefits of the transaction are not realized as a result of such things as the strength of the economy and competitive factors in the areas where Jacques Whitford does business. The preceding list of factors is not exhaustive. Investors and the public should carefully consider these factors, other uncertainties, and potential events as well as the inherent uncertainty of forward-looking statements when relying on these statements to make decisions with respect to our Company. The forward-looking statements contained herein represent our expectations as of November 24, 2008, and accordingly, are subject to change after such date. Except as may be required by law, we do not undertake to update any forward-looking statement, whether written or verbal, that may be made from time to time. For more information on how other material factors and other factors could affect our results, refer to the Risk Factors section in our 2007 Financial Review and the Caution Regarding Forward-Looking Statements in our Third Quarter 2008 Report. You may obtain these documents by visiting EDGAR on the SEC website at www.sec.gov or on the CSA website at www.sedar.com.
| | System Account | System Account | | 93 | | 11/10/2008 | EDMONTON AB - TSX, NYSE:STN North American design firm Stantec has signed a letter of intent to design the new terminal expansion at Edmonton International Airport (EIA). This major project will increase capacity of the airport by about 50% to accommodate an estimated nine million annual passengers. “Airports are one of Stantec’s areas of focus and specialization where we provide a breadth of design services around the world,” says Tony Franceschini, Stantec President and CEO. “We bring a wide range of experience and talent in designing airport infrastructure, from terminals, retail tenant design and parking structures, to runways and taxiways.” Stantec is providing full design services for the project, including the architectural, mechanical, electrical, structural, and Leadership in Energy and Environmental Design (LEED) consulting services for the 40,000 Sq. M of new floor space. The project’s estimated completion date is late 2012. “Airport terminals are the front door to their region, and with over 30 international airport terminals to our credit Stantec is one of North America’s premier airport terminal design firms,” says Stanis Smith, Stantec Sr. Vice President and Executive Principal for this project. “The new additions at the EIA will expand transborder, international and domestic facilities necessary to enhance the passenger experience and create a strong positive impression for residents and visitors alike.” The expansion will add 13 new gates, additional retail, food and beverage space and enhance the flow of passengers through the terminal. “The number of passengers served by EIA has grown incredibly in recent years,” says Reg Milley, President & CEO of Edmonton International Airport. “As the Airport has evolved into an expanding mid-size hub serving Northwestern Canada, Stantec has been a major partner in advancing EIA’s development as a significant economic driver for our region.” Stantec has been involved in other major airport projects including the Vancouver International Airport in Vancouver British Columbia, Winnipeg International Airport, Winnipeg, Manitoba, Logan International Airport L-22 Runway project in Boston, MA, Chicago Midway Airport Retail Planning and Design, Chicago, Illinois and Lynden Pindling International Airport terminal in Nassau, Bahamas. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 9,000 employees operating out of more than 150 locations in North America. Stantec trades on the TSX and the NYSE under the symbol STN. Stantec is One Team providing Infinite Solutions. | | System Account | System Account | | 92 | | 11/5/2008 | EDMONTON AB TSX, NYSE:STN Ron Triffo, Chair of the Board of Directors for Stantec announced today that Robert (Bob) Gomes will succeed Tony Franceschini as the Company’s next President & CEO, effective May 15, 2009. Tony Franceschini, who has led Stantec since 1998, will continue to be associated with the Company as a member of the Board of Directors. “Whether he’s been in a managing role leading a team or on the practice side working with our clients, Bob Gomes has been successful at every level of our organization during his twenty years at Stantec,” says Ron Triffo, Chair of the Stantec Board of Directors. “As a seasoned member of the Stantec Executive team, Bob has consistently demonstrated his strategic leadership and operational effectiveness. Bob has played a major role in the growth and success of the Company and he is the natural choice to lead Stantec into the next era.” Bob has a degree in civil engineering from the University of Alberta and started his career working with a consulting engineering firm. He joined Stantec in 1988 and in 1991 he was appointed principal engineer in charge of the Edmonton office. In November 1998, he was appointed vice president of the Edmonton Urban Land group of Stantec. He led that group to become the largest and most successful land development firm in Edmonton. In January 1999, Bob was appointed vice president of Alberta North, Stantec’s largest region, and was responsible for all Stantec activities in the Edmonton office and in northern Alberta. In 2005, Bob was given the role of senior vice president for the Industrial & Project Management group. By the end of 2007 he had more than doubled the revenues of that group and has made it one of the fastest growing practice areas within Stantec. “I am honored to be given the opportunity to lead Stantec,” says Gomes. “The challenge ahead is to build on the strong foundation that Tony has built in his ten years as President & CEO and I’m looking forward to leading the continued evolution of Stantec.” Adds Triffo, “When Tony became the President & CEO of Stantec in 1998 he told everyone he would take the $100 million firm and turn it into a billion dollar company. He has accomplished that and made Stantec one of the world’s top design firms. During his tenure Tony assembled an outstanding leadership team allowing the Board to select his successor from within the Company, which gives us the benefit of a smooth and orderly transition and ensures the continuation of the corporate culture that is an integral component of Stantec’s success.” Stantec will host an Investor Day for the financial community at the Company’s Toronto office on December 2, 2008, where both Tony Franceschini and Bob Gomes will be available to speak with analysts. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 9,000 employees operating out of more than 150 locations in North America. Stantec trades on the TSX and the NYSE under the symbol STN. Stantec is One Team providing Infinite Solutions. | | System Account | System Account | | 91 | | 10/30/2008 | EDMONTON AB TSX, NYSE: STN 2008 Third Quarter Report (PDF) Stantec posted a 47.7% increase in gross revenue and a 39.7% increase in net revenue in the third quarter 2008 along with strong operating performance prior to a write-down of intangible assets and goodwill due to current market conditions. During the quarter Stantec recorded an estimated C$53.0 million potential impairment to goodwill and an additional C$5.4 million impairment of intangible assets. Excluding the impacts of the impairment, financial results for the quarter reached record levels with cash flows from operating activities of C$54.6 million. Net income for the quarter would have been C$25.1 million or C$64.1 million on a year-to-date basis with diluted earnings per share of C$0.55 for the quarter or C$1.39 on a year-to-date basis. The intangible assets and goodwill impairment charges are non-cash in nature and do not affect Stantec’s liquidity, cash flows from operating activities, or debt covenants, and do not impact future operations. "The record operating performance this quarter is a reflection of the Company’s ability to adapt to changing market conditions and is continuing validation of the strength of our business model," says Tony Franceschini, Stantec President & CEO. “Although current market conditions have necessitated the write-down of certain intangibles and a portion of our goodwill, these non-cash charges do not impact current or future operations.” Reported results for the third quarter of 2008 are as follows: - In the third quarter of 2008 gross revenue increased 47.7% to C$347.6 million compared to C$235.3 million for the same period in 2007. Net revenue increased 39.7% to C$289.2 million compared to C$207.0 million. Reported net loss was C$30.0 million compared to net income of C$17.4 million. Diluted earnings per share were a loss of C$0.66 in the third quarter 2008 compared to diluted earnings per share of C$0.38 in 2007.
- Year-to-date 2008 gross revenue increased 41.1% to C$982.7 million compared to C$696.3 million over the first nine months of 2007. Net revenue increased 35.5% to C$833.1 million compared to C$615.0 million. Reported net income was C$9.0 million compared to C$50.3 million for the first nine months of 2007. Diluted earnings per share were C$0.20 compared to C$1.09 for the same period in 2007.
- In the third quarter Stantec added a mining practice to its service offering by completing the acquisition of McIntosh Engineering. A mining engineering firm with more than 200 employees principally located in Tempe, Arizona, and Sudbury and North Bay, Ontario.
- Also in the third quarter the Company announced that Don Wilson, Senior Vice President and Chief Financial Officer (CFO) will retire from his role on December 31, 2008 and Dan Lefaivre, currently the Vice President, Finance & Treasury, will assume the CFO role effective January 1, 2009. The firm also extended and made certain amendments to its existing revolving credit facility. As provided in the credit agreement, the Company increased the facility limit to C$300 million from C$250 million and extended the maturity date to August 31, 2011, while maintaining the same pricing terms and conditions. In addition, US$100 million of the current outstanding amount was converted to a fixed rate of 3.43%, plus applicable pricing spreads, for a two year period.
- Complete Financial Statements, Notes to the Financial Statements, and Management’s Discussion and Analysis will be filed on Sedar (www.sedar.com) and Edgar (www.sec.gov) on October 30, 2008 and are available to download from the Investors section on www.stantec.com. You may also contact Stantec for a copy of the documents.
Details of the goodwill impairment and the impairment of intangible assets are as follows: - The C$5.4 million charge to income is based on the results of the Company’s annual impairment review of intangible assets. The review concluded that intangible assets relating to certain client relationships, primarily related to the financial distress experienced by specific clients in relation to The Keith Companies, Inc acquisition, were not fully recoverable. This non-cash charge decreased diluted earnings per share by C$0.05.
- The estimated C$53.0 million potential impairment to goodwill was due to current market conditions and uncertainties arising from overall economic conditions in its United States reporting units. This non-cash charge decreased diluted earnings per share by C$1.16.
Projects awarded to Stantec this quarter reflect the diversity of Stantec’s business model. The Buildings practice was contracted to provide integrated architecture, engineering, and sustainability consulting services for the development of a series of new subacute care hospitals at state correctional facilities in California. With the first facilities scheduled for completion in 2011, the projects are targeted to achieve, at minimum, Leadership in Energy and Environmental Design (LEED) Silver certifications. At Mount Royal College in Calgary, Alberta, Stantec is designing Phase 1 of the Science and Technology Centre, a project targeting LEED Silver rating. In addition, the firm was selected to design an expansion of the college’s Centre for Continuous Learning, a facility which Stantec originally helped to achieve LEED Gold criteria in 2006. The project, also targeting LEED Gold certification, will add approximately 4,650 square metres (50,000 square feet) to the existing building. Stantec’s Environment practice was awarded a contract to design a subgrade barrier wall to limit groundwater contamination in the event of an accidental release of fuel at Honolulu International Airport in Hawaii. The project also involves the assessment and recovery of a previous fuel release near the airport, upgradient of the Ke’ehi Lagoon in the Pacific Ocean. In addition, the practice is completing sewer system evaluation surveys in four neighborhoods in Toledo, Ohio, as part of the Toledo Waterways Initiative, covering roughly 213,000 linear feet (64,900 linear metres) of sanitary, combined, and storm sewers. In the Transportation area, Stantec was chosen to perform biennial and interim inspections of 500 bridges, with 3,250 bridge spans, across New York City for the New York State Department of Transportation. The 500 structures will include viaducts and overpasses over major arterial highways such as the Long Island Expressway, local street bridges over railroads and railroad yards, and major crossings over waterways. The Urban Land group secured an assignment to provide engineering services for a streetscape improvement plan spanning five miles (eight kilometres) of a central corridor in North Charleston, South Carolina and was also contracted to design the third phase—21 blocks—of a streetscape project in downtown Newark, New Jersey, complementing Stantec’s work on the first and second phases. “Dedication and hard work from our employees have made the difference for Stantec this quarter and throughout the year,” says Franceschini. “We made a commitment this year to make our Company more efficient and focus on the effectiveness of our operations and our staff has responded and our results this quarter reflect their efforts.” The third quarter Conference Call, to be held today at 4:00 PM EDT (2:00 PM MDT), will be broadcast live and archived on Stantec's web site at stantec.com in the Investor Relations section. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 9,000 employees operating out of more than 150 locations in North America. Stantec trades on the TSX and the NYSE under the symbol STN. Stantec is One Team providing Infinite Solutions.
| | System Account | System Account | | 90 | | 10/23/2008 | EDMONTON AB - TSX:STN, NYSE:STN Stantec executives, Tony Franceschini, President & CEO, and Don Wilson, Senior Vice President & CFO, will hold a conference call to discuss the third quarter 2008 results on Thursday, October 30, 2008, commencing at 4:00 PM EDT (2:00 PM MDT, 1:00 PM PDT). The call will last about 30 minutes. Once Tony and Don have completed their remarks, a structured Q & A for financial analysts will follow. For all interested investors and the news media, the conference call will be broadcast live and archived in its entirety in the Investors section of the web site. Financial analysts who wish to participate in the earnings conference call are invited to call: 1-866-322-2356 and provide the confirmation code 5975145 to the first available operator. Stantec provides professional design and consulting services in planning, engineering, architecture, surveying, economics, and project management. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through over 9,000 employees operating out of more than 150 locations in North America. Stantec trades on the TSX and the NYSE under the symbol STN. Stantec is One Team providing Infinite Solutions. | | System Account | System Account | | 89 | | 10/2/2008 | EDMONTON AB TSX, NYSE:STN Stantec has been named part of the Infusion Health consortia engaged to deliver the largest single investment on record in the health system for the Interior of British Columbia. The C$432.5-million expansion project is being undertaken as a Public-Private Partnership (P3) between Infusion Health and the Interior Health Authority of British Columbia. “Stantec has been involved in a number of successful P3 projects across Canada and we bring that experience as well as our talents in healthcare design to the Infusion Health team,” says Tony Franceschini, Stantec President & CEO. “We see P3 projects and alternative project delivery as a growing market and an effective way for governments to provide much needed infrastructure expansion to cities and municipalities throughout the country.” Stantec is designing several facets of the project, including the architectural, mechanical, electrical, structural, civil, and Leadership in Energy and Environmental Design (LEED) consulting services for both the Kelowna and Vernon hospitals. Infusion Health is a joint venture of Bilfinger Berger Project Investments and John Laing Infrastructure. The construction partners include Graham Design Builders and the facilities management service provider is Black and McDonald Limited. The project is targeting LEED gold certification for the two hospital expansions. The new patient care tower at Kelowna General Hospital (KGH) will include a new consolidated outpatient department, new emergency department, new operating rooms, a rooftop helipad, two shelled-in floors for inpatient beds, a new renal dialysis department and a clinical academic campus for a University of British Columbia (UBC) faculty of medicine. The tower at Vernon Jubilee Hospital (VJH) will expand and modernize services for patients, including new operating rooms, new emergency room, a new intensive care unit, a new maternity and pediatrics ward, an expanded and consolidated outpatient department and two new shelled-in floors for inpatient beds. Stantec has been involved in other major P3 projects including the Anthony Henday Ring Road in Edmonton, Alberta, the Britannia Mine, Kicking Horse Canyon transportation improvements, as well as the Abbotsford Hospital and Cancer Centre in British Columbia. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 9,000 employees operating out of more than 150 locations in North America. Stantec trades on the TSX and the NYSE under the symbol STN. Stantec is One Team providing Infinite Solutions.
| | System Account | System Account | | 88 | | 9/30/2008 | EDMONTON AB TSX,NYSE:STN Stantec announced today that the Company has extended and made certain amendments to its existing revolving credit facility. As provided in the credit agreement, the Company increased the facility limit to C$300 million from C$250 million and extended the maturity date to August 31, 2011, while maintaining the same pricing terms and conditions. In addition, US$100 million of the current outstanding amount was converted to a fixed rate of 3.43%, plus applicable pricing spreads, for a two year period. The credit facility is continuing to be made available by a syndicate of financial institutions and is led by Canadian Imperial Bank of Commerce, as administrative agent, bookrunner, and arranger. The other syndicate members are Alberta Treasury Branches, Canadian Western Bank, National Bank of Canada, and Bank of America, N.A. For additional terms and conditions of the revolving credit facility, refer to the Stantec Inc. 2008 Second Quarter Report filed on Sedar (www.sedar.com) and Edgar (www.sec.gov) and available to download from the Investors section on www.stantec.com. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 9,000 employees operating out of more than 150 locations in North America. Stantec trades on the TSX and the NYSE under the symbol STN. Stantec is One Team providing Infinite Solutions.
| | System Account | System Account | | 87 | | 9/15/2008 | EDMONTON AB TSX, NYSE:STN Stantec today announced that Don Wilson, Senior Vice President and Chief Financial Officer (CFO), will retire from his role on December 31, 2008. Dan Lefaivre, currently the Vice President, Finance & Treasury, will assume the CFO role effective January 1, 2009 Mr. Wilson, who has been with Stantec since 1990, will continue to be associated with the Company in a consulting role. “Don has played an important role in helping us achieve our success,” says Tony Franceschini, Stantec President and CEO. “He played an integral role on the team that grew Stantec from $65 million in revenue in 1990 to over $1billion today. He was CFO when we completed our initial public offering on the TSX in 1994 and when we listed on the NYSE in 2005. He has successfully arranged over $600 million in equity issues and debt facilities since 1994. During that same period, Stantec completed more than 65 acquisitions. We are very pleased with the contribution that Don has made, and delighted that he has agreed to remain available to the Company to assist in selected areas.” Mr. Lefaivre, a certified management accountant, joined Stantec in 1990 as an Accounting Manager, and has been an integral part of numerous acquisitions, conversion activities, and the integration of business systems as his career with Stantec progressed. In 2002 he was promoted to Vice President & Corporate Controller and then to Vice President Finance & Treasury in 2005. Prior to coming to Stantec, Dan worked in the oil and gas, geomatics, and banking industries. “I know I am leaving the role of the CFO in exceptionally capable hands," says Don Wilson. “Dan possesses outstanding skills, a wealth of experience in supporting a variety of complex situations, and a solid background and understanding of Stantec from his experience in a variety of increasingly responsible roles. We have an extremely talented and committed team that supports the CFO, and I will be working closely with Dan to ensure a seamless transition.” “Over his career, Don Wilson has made many contributions to the growth and strategic direction of Stantec, but what stands out most is his passion for developing strong teams, and for full, clear, and transparent financial reporting. On behalf of the Board of Directors and the team at Stantec, I would like to thank Don for his outstanding commitment to our Company and wish him the very best in the years ahead,” says Franceschini. “Dan Lefaivre is a very capable successor,” adds Franceschini. “He has helped navigate our Company through a number of complex projects including the successful rollout of our enterprise system which has become one Stantec’s competitive advantages in the industry. He has worked with Don for nearly two decades and is more than ready to take on the role of CFO at Stantec.” Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 9,000 employees operating out of more than 150 locations in North America. Stantec trades on the TSX and the NYSE under the symbol STN. Stantec is One Team providing Infinite Solutions. Cautionary note regarding forward-looking statements This press release contains "forward-looking statements." Some of these statements may involve risks and uncertainties and other factors that may be beyond the control of Stantec and cause actual results to be materially different from those contained in such forward-looking statements. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in Stantec's filings with the Canadian provincial securities commissions and the United States Securities and Exchange Commission. | | System Account | System Account | | 86 | | 7/31/2008 | The firm’s trading symbol on the NYSE changed from SXC to STN EDMONTON AB (July 31, 2008) TSX, NYSE:STN 2008 Second Quarter Report (PDF) - Gross revenue increased 40.3% to C$343.3 million compared to C$244.7 million in the second quarter of 2007. Net revenue increased 34.0% to C$289.0 million from C$215.7 million, while net income was up 26.3% to C$22.1 million compared to C$17.5 million. Diluted earnings per share were C$0.48 in the second quarter of 2008 compared to C$0.38 in the same period last year, representing an increase of 26.3%.
- Year-to-date 2008 gross revenue increased 37.8% to C$635.1 million compared to C$461.0 million in the same period of 2007, while net revenue increased 33.3% to C$543.9 million from C$408.0 million. Net income increased 18.5% to C$39.0 million from C$32.9 million. Diluted earnings per share were up 19.7% to C$0.85 from C$0.71.
- During the second quarter, Stantec renewed its normal course issuer bid and repurchased 68,300 shares for cancellation. The firm also announced the acquisition of McIntosh Engineering, a 200-person mining engineering firm based primarily in Tempe, Arizona, and Sudbury and North Bay, Ontario, which was completed at the beginning of the third quarter.
- Starting July 31, 2008, Stantec will trade on the New York Stock Exchange under the symbol STN, changing from SXC to match its trading symbol on the Toronto Stock Exchange.
- Complete Financial Statements, Notes to the Financial Statements, and Management’s Discussion and Analysis will be filed on Sedar (www.sedar.com) and Edgar (www.sec.gov) on July 31, 2008 and are available to download from the Investors section on www.stantec.com. The documents are also available from Stantec.
"Our performance in the second quarter continues to validate the strength of our business model, which is designed to adapt to changes in market conditions in the geographic regions and practice areas we serve, as well as being a reflection of our employees’ ability to execute projects,” says Tony Franceschini, Stantec President & CEO. “While we’ve experienced a decrease in the demand for services in our Urban Land practice in the first half of 2008, we have more than offset this with increased demand for services in our Environment, Industrial, and Buildings practice areas.” Sample projects awarded to Stantec in the second quarter demonstrate the diversity of the organization as well as the firm’s ability to integrate its services to provide solutions to clients. In British Columbia, Stantec is providing mechanical, electrical, and sustainability engineering for the development of the Centre for Interactive Research on Sustainability at the University of British Columbia in Vancouver. Once operational, this facility will produce net energy to heat other buildings while reducing the overall carbon footprint of the university campus. The Company is completing the detailed design of an innovative continuous flow process for producing biodiesel fuels at a plant in Nova Scotia. The process can use either vegetable or marine virgin oil feedstock and, when commissioned in the fall of 2008, will be capable of producing 100 tonnes (110 tons) of biodiesel per day. In addition, Stantec is completing the civil, structural, mechanical, and electrical design of the Sustainable Barbados Recycling Centre, the first integrated waste management facility in the Caribbean. The “one-stop” facility is scaled to receive approximately 1,000 tonnes (1,102 tons) of waste material per day upon start-up, 60 percent of which will be diverted from landfill disposal. Part of the waste material will be converted into useful products, including compost, mulch, wood chips, and stone aggregate, for resale or distribution. In Newton County, Georgia, Stantec is designing a 2.2 million-US-gallon-per-day (8.3-megalitre-per-day) advanced wastewater treatment facility for the Newton County Water and Sewerage Authority. And in San Diego, California, the firm is combining services in landscape architecture, civil engineering, and hydrology to design a permeable “green” pavement for infiltrating stormwater runoff from the parking lot at Kellogg Park and the La Jolla Shores Beach, one of the state’s 34 areas of special biological significance. "Our operating philosophy of one team offering integrated services, combined with our geographic and practice area diversity, is what sets Stantec apart and gives us the ability to deliver strong results in difficult general market conditions," says Franceschini. “Our employees have been rising to the challenge, and their efforts are helping Stantec to succeed and grow in a changing market.” “We are also pleased to report that our trading symbol on the NYSE is now STN, making it consistent with our symbol on the TSX and reflecting our single-brand identity and one team philosophy,” adds Franceschini. The second quarter conference call, to be held today at 4:00 PM EDT (2:00 PM MDT), will be broadcast live and archived in the Investors section at www.stantec.com. Financial analysts who wish to participate in the earnings conference call are invited to call 1-866-322-2356 and provide the confirmation code 4648105 to the first available operator. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 9,000 employees operating out of more than 125 locations in North America. Stantec trades on the TSX and the NYSE under the symbol STN. Stantec is One Team providing Infinite Solutions. Cautionary note regarding forward-looking statements This press release contains "forward-looking statements." Some of these statements may involve risks and uncertainties and other factors that may be beyond the control of Stantec and cause actual results to be materially different from those contained in such forward-looking statements. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in Stantec's filings with the Canadian provincial securities commissions and the United States Securities and Exchange Commission.
| | System Account | System Account | | 84 | | 7/24/2008 | EDMONTON AB - TSX:STN, NYSE:SXC Stantec executives, Tony Franceschini, President & CEO, and Don Wilson, Senior Vice President & CFO, will hold a conference call to discuss the second quarter 2008 results on Thursday, July 31, 2008, commencing at 4:00 PM EDT (2:00 PM MDT, 1:00 PM PDT). The call will last about 30 minutes. Once Tony and Don have completed their remarks, a structured Q&A for financial analysts will follow. For all interested investors and the news media, the conference call will be broadcast live and archived in its entirety in the Investors section. Financial analysts who wish to participate in the earnings conference call are invited to call 1-866-322-2356 and provide the confirmation code 4648105 to the first available operator. Notice: Stantec to change New York Stock Exchange trading symbol from SXC to STN Starting July 31, 2008, Stantec will trade on the New York Stock Exchange under the symbol STN, changing from SXC, to match the firm’s trading symbol on the Toronto Stock Exchange. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 9,000 employees operating out of more than 125 locations in North America. Stantec is One Team providing Infinite Solutions. Cautionary note regarding forward-looking statements This press release contains "forward-looking statements." Some of these statements may involve risks and uncertainties and other factors that may be beyond the control of Stantec and cause actual results to be materially different from those contained in such forward-looking statements. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in Stantec's filings with the Canadian provincial securities commissions and the United States Securities and Exchange Commission. | | System Account | System Account | | 83 | | 7/2/2008 | EDMONTON AB - TSX:STN; NYSE:SXC North American design firm Stantec has added a mining practice to its service offering by completing the acquisition of McIntosh Engineering (McIntosh). With more than 200 employees principally located in Tempe, Arizona, and Sudbury and North Bay, Ontario, McIntosh serves many of the largest, deepest, and most technically challenging mines in the world. In 2007 McIntosh gross revenues were approximately C$32 million. “With the McIntosh team joining Stantec we gain a foothold in the active mining sector,” says Tony Franceschini, Stantec President & CEO. “McIntosh adds the experience we need to start growing our presence in that sector and gives us the ability to offer a complete package of environmental, scientific, engineering, and project management services to McIntosh’s existing clients.” McIntosh is a leader in underground mining engineering and services range from mine conceptualization through mine feasibility, detail engineering and design for construction, procurement and construction management. The firm’s specialties include underground mining methods, mine development, deep shafts, materials handling systems and complete infrastructure in support of underground operations. “We are excited about the opportunities that joining Stantec will bring to our employees and clients,” says Scott McIntosh, President & CEO who will continue with Stantec as Vice President. “Over the past couple months we have learned more about the vast array of complementary services within Stantec that we can now offer to our clients. In addition, our employees are gaining access to expanded technical resources and career development opportunities that a North American firm like Stantec can provide.” Focusing on underground mining, McIntosh literally wrote the book on underground hard rock mining, producing The Hard Rock Miner's Handbook which contains twenty-nine chapters covering geology through mining, mine development, infrastructure, and mineral processing. For more information visit http://announcements.stantec.com/mcintoshengineering Stantec provides professional design and consulting services in planning, engineering, architecture, surveying, economics, and project management. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through over 9,000 employees operating out of more than 125 locations in North America. Stantec trades on the TSX under the symbol STN and on the NYSE under the symbol SXC. Stantec is One Team providing Infinite Solutions. Cautionary note regarding forward-looking statements This press release contains "forward-looking statements". Some of these statements may involve risks and uncertainties and other factors that may be beyond the control of Stantec and cause actual results to be materially different from those contained in such forward-looking statements. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in Stantec's filings with the Canadian provincial securities commissions and the United States Securities and Exchange Commission.
| | System Account | System Account | | 82 | | 5/29/2008 | EDMONTON - TSX:STN;NYSE:SXC Stantec Inc. announced today that a Notice of Intention to renew a Normal Course Issuer Bid has been filed with, and accepted by, the Toronto Stock Exchange, pursuant to which Stantec may purchase up to 2,283,272 of its common shares, representing approximately 5% of the shares. Stantec had a total of 45,665,457 common shares outstanding as at May 19, 2008. The purchases may commence on June 1, 2008, and will terminate no later than May 31, 2009. The number of Common Shares to be purchased per day will not exceed 39,388, or approximately 25% of the average daily trading volume for the six full calendar months prior to April 30, 2008. Stantec will make the purchases on the open market in accordance with the rules and policies of the TSX, and the prices that Stantec will pay for any common shares will be the market price of such shares at the time of acquisition.
Stantec believes that, from time to time, the market price of its common shares does not fully reflect the value of its business and its future business prospects. As a result, Stantec believes at such times that its outstanding common shares represent an attractive investment and an appropriate and desirable use of its available funds. Stantec also believes that the purchase of its common shares may be advisable, periodically, to offset the dilution resulting from the exercise of options and the dilution that occurs as a result of common shares issued in connection with acquisitions. Any common shares purchased by Stantec will be cancelled.
As at May 19, 2008, pursuant to its normal course issuer bid in place since June 1, 2007, Stantec has purchased 121,600 Common Shares at a weighted average price of $30.97 per share. Stantec provides professional design and consulting services in planning, engineering, architecture, surveying, economics, and project management. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through over 8,500 employees operating out of more than 125 locations in North America. Stantec trades on the TSX under the symbol STN and on the NYSE under the symbol SXC. Stantec is One Team providing Infinite Solutions. Cautionary note regarding forward-looking statements This press release contains "forward-looking statements". Some of these statements may involve risks and uncertainties and other factors that may be beyond the control of Stantec and cause actual results to be materially different from those contained in such forward-looking statements. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in Stantec's filings with the Canadian provincial securities commissions and the United States Securities and Exchange Commission.
| | System Account | System Account | | 81 | | 5/20/2008 | New 89,000 Square-Foot Industrial Facility for Fine Arts Services Firm SurroundArt Will Feature Renewable Energy Pilot Program NEW YORK - TSX:STN; NYSE:SXC Stantec today announced that a new, 89,000-square-foot building under construction at the Brooklyn Navy Yard will feature energy-saving solar and wind-generated power as part of a renewable energy pilot program. The building, expected to be completed summer 2008, will be occupied by SurroundArt, a fine arts services firm that will make the building a part of its new Museum Resource Campus. In partnership with National Grid Energy Services, the Perry Avenue building will test photovoltaic, or PV, solar energy production. PV technology uses solar cells or panels to convert sun energy into electricity. The energy captured by the PV panels will serve the general electric pool of the building, working in parallel with the grid to reduce the building’s use of conventional fossil fuel sources of electricity. Wind turbines on the roof will also contribute to the building’s base electrical supply and are tied to the main electrical switchgear. Combined, the alternative energy sources are expected to decrease reliance on traditional energy sources by as much as 5 percent. High-efficiency designs for the building shell and building systems will reduce energy consumption further. Designed by Stantec architects, the Perry Avenue building is designed to meet the standards for Silver LEED (Leadership in Energy and Environmental Design) certification. To achieve this rating, the building also incorporates such features as the use of recycled rain water in toilets, reflective roofing and pavement to reduce surface temperatures, recycled building materials, high-efficiency lighting fixtures, natural ventilation systems, and special accommodation for bicyclists and low-emission vehicles. “The Perry Avenue building will stand as a proud example of green construction and design in an industrial setting,” said Joseph Donovan, architect and principal at Stantec. “We are committed to sustainability and applaud the efforts of SurroundArt and the Brooklyn Navy Yard for embracing the cause.” The three-building SurroundArt Museum Resource campus includes the new Perry Avenue building, another 71,000 square feet in Building Three at the Navy Yard and the adaptive re-use of the historic, century-old Paymaster Building. Stantec’s role is as architect of the exterior of the Perry Avenue building, while Steven Kratchman Architect has been selected for interior and campus design. Stantec is involved in hundreds of renewable energy projects across the US and Canada, including studies, design, and environmental work for a number of large-scale wind farm projects. The firm is also helping to develop a new process to convert waste fats, oils, and greases into useful energy, and has designed scores of LEED-certified buildings, including offices, schools, water treatment plants, manufacturing facilities, residential complexes, and other structures. “Stantec brings tremendous experience and know-how in green building design to the Perry Ave. project and we could not be in better hands,” said SurroundArt CEO Michael Murray. “We are extremely proud and excited to move into what will be the nation’s first multi-story, multi-tenanted LEED Silver Industrial Building.” About Stantec Stantec provides professional design and consulting services in planning, engineering, architecture, surveying, economics, and project management. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through approximately 9,000 employees operating out of more than 125 locations in North America. Stantec trades on the TSX under the symbol STN and on the NYSE under the symbol SXC. Stantec is One Team providing Infinite Solutions About SurroundArt SurroundArt is a full-service museum resource company with offices, workrooms, and warehouses in New York and Washington, DC. Founded in 1998, the company supports the international fine arts community by providing a wide array of services, including temperature-controlled and secure storage, crating, packing, transportation, fabrication, design, and art handling. To accommodate its growth, SurroundArt is developing a unique and expansive “fine arts campus” at the Brooklyn Navy Yard, with more than 165,000 square feet of space under management. Staffed by museum-trained professionals, who are educated in fine arts and passionate about their craft, SurroundArt has become a trusted resource to many of the largest and most respected museums, foundations and private collectors in the world. More information can be found at www.surroundart.com.
| | System Account | System Account | | 80 | | 5/14/2008 | EDMONTON AB - TSX:STN; NYSE:SXC North American design firm Stantec is planning to add a new mining practice area to its expanding roster of services by signing a letter of intent to acquire McIntosh Engineering (McIntosh). With more than 200 employees principally located in Tempe, Arizona, and Sudbury and North Bay, Ontario, McIntosh serves many of the largest, deepest, and most technically challenging mines in the world. In 2007 McIntosh gross revenues were approximately C$32 million. The firms expect to complete the transaction in early July. “This is a strategic services addition to Stantec in the industrial sector,” says Tony Franceschini, Stantec President & CEO. “McIntosh will give Stantec a more visible presence in the active mining sector, complementing the current environmental, engineering, and project management services we offer and give us the opportunity to provide our full suite of engineering, design and scientific services to McIntosh’s existing clients.” McIntosh is a leader in underground mining engineering and services range from mine conceptualization through full mine feasibility, detail engineering and design for construction, procurement and construction management. The firm’s specialties include underground mining methods, mine development, deep shafts, materials handling systems and complete infrastructure in support of underground operations. “This is an exciting time for us to be joining Stantec,” says Scott McIntosh, President & CEO. “Being a part of Stantec provides our clients access to expanded resources for their projects. Equally important, our staff will have increased career development opportunities, enhancing our ability to recruit and retain the best employees to serve our clients.” Focusing on underground mining, the company literally wrote the book on underground hard rock mining, producing The Hard Rock Miner's Handbook which contains twenty-nine chapters covering geology through mining, mine development, infrastructure, and mineral processing. For more information visit http://announcements.stantec.com/mcintoshengineering Stantec provides professional design and consulting services in planning, engineering, architecture, surveying, economics, and project management. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through over 9,000 employees operating out of more than 100 locations in North America. Stantec trades on the TSX under the symbol STN and on the NYSE under the symbol SXC. Stantec is One Team providing Infinite Solutions. Cautionary note regarding forward-looking statements This press release contains "forward-looking statements". Some of these statements may involve risks and uncertainties and other factors that may be beyond the control of Stantec and cause actual results to be materially different from those contained in such forward-looking statements. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in Stantec's filings with the Canadian provincial securities commissions and the United States Securities and Exchange Commission. | | System Account | System Account | | 79 | | 5/1/2008 | EDMONTON AB - TSX:STN;NYSE:SXC 2008 First Quarter Report (PDF) - In the first quarter of 2008 Stantec’s gross revenue increased 34.9% to C$291.8 million compared to C$216.3 million in the first quarter of 2007. Net revenue increased 32.6% to C$254.9 million from C$192.3 million, and net income increased 9.7% to C$16.9 million compared to C$15.4 million. Diluted earnings per share were up 12.1% to C$0.37 in the first quarter of 2008 from C$0.33 in the first quarter of 2007.
- Stantec completed four acquisitions in the first quarter. In January, Stantec added The Zande Companies, a civil and environmental engineering firm with approximately 285 employees located principally in Ohio. Also in January, Stantec acquired Rochester Signal, a firm specializing in railway signal systems with approximately 25 people between its two offices in Rochester, New York, and Pittsburgh, Pennsylvania. In February, Secor International, a leading provider of environmental consulting and engineering services to the private sector and one of the largest providers of downstream marketing remedial services to the US energy industry, joined Stantec, adding over 700 employees and 40 offices principally in the United States. In March, Stantec acquired RHL Design Group, a Petaluma, California-based firm with over 170 employees and several offices in the western United States. RHL is a recognized leader in providing full program implementation and comprehensive design services for commercial clients with regional or national multilocation facilities.
- Complete Financial Statements, Notes to the Financial Statements, and Management’s Discussion and Analysis will be filed on Sedar (www.sedar.com) and Edgar (www.sec.gov) on May 1, 2008, and are available to download from the Investors section. You may also contact Stantec for a copy of the documents.
“Our performance in the first quarter of 2008 is continuing validation of the strength of our business model and our ability to execute in a challenging business environment,” says Tony Franceschini, Stantec President & CEO. “Decreased demand for services in our Urban Land practice area was offset by increased demand in our Environment and Industrial practice areas.” Projects Stantec worked on during the quarter illustrate the growing diversity of the firm’s service capabilities. In Jefferson County, Kentucky, Stantec is serving as the lead geotechnical engineer for the development of over 83 bridges and 38 retaining walls for the Louisville-Southern Indiana Ohio River Bridges Project, one of the largest transportation projects currently under way in the United States. In Columbus, Ohio, the firm is working on the detailed design of a renovation and upgrade of the existing support facilities at the Columbus Southerly Wastewater Treatment Plant. The improvements will address vital operations and maintenance needs. In Calgary, Alberta, the Company is the prime consultant on a fast-track project with the University of Calgary for the development of a 12-megawatt cogeneration facility. In addition, Stantec is providing detailed design and environmental assessment services for the rehabilitation of Highway 21 in Huron County, Ontario, for the Ministry of Transportation of Ontario. The project entails engineering surveys, pavement investigations and design, foundation investigations, bridge structure rehabilitations, highway rehabilitation design, highway signing and pavement marking design, and drainage improvements. “Our employees have been able to successfully lever the increasing size and scope of Stantec,” says Franceschini. “This has occurred while we continue to integrate newly acquired companies and meet the challenges of changing market conditions through effective work sharing across offices.” Stantec’s Annual Meeting of Shareholders will be held on May 1, 2008, at 11:00 AM MDT (1:00 PM EDT) at the University of Alberta’s Enterprise Square in Edmonton, Alberta, 10230 – Jasper Avenue. The First Quarter Conference Call, being held today at 2:00 PM MDT (4:00 PM EDT), will be broadcast live and archived in the Investors section. Financial analysts who wish to participate in the earnings conference call are invited to call 1-866-322-2356 and provide the confirmation code 2735427 to the first available operator. Stantec provides professional design and consulting services in planning, engineering, architecture, surveying, economics, and project management. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through over 9,000 employees operating out of more than 125 locations in North America. Stantec trades on the TSX under the symbol STN and on the NYSE under the symbol SXC. Stantec is One Team providing Infinite Solutions. Cautionary note regarding forward-looking statements This press release contains "forward-looking statements." Some of these statements may involve risks and uncertainties and other factors that may be beyond the control of Stantec and cause actual results to be materially different from those contained in such forward-looking statements. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in Stantec's filings with the Canadian provincial securities commissions and the United States Securities and Exchange Commission. | | System Account | System Account | | 78 | | 4/24/2008 | EDMONTON AB - TSX:STN, NYSE:SXC Stantec executives, Tony Franceschini, President & CEO, and Don Wilson, Senior Vice President & CFO, will hold a conference call to discuss the first quarter 2008 results on Thursday, May 1, 2008, commencing at 4:00 PM EDT (2:00 PM MDT, 1:00 PM PDT). The call will last about 30 minutes. Once Tony and Don have completed their remarks, a structured Q & A for financial analysts will follow. For all interested investors and the news media, the conference call will be broadcast live and archived in its entirety on the Investors section. Financial analysts who wish to participate in the earnings conference call are invited to call 1-866-322-2356 and provide the confirmation code 2735427 to the first available operator. Stantec provides professional design and consulting services in planning, engineering, architecture, surveying, economics, and project management. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through over 8,500 employees operating out of more than 125 locations in North America. Stantec trades on the TSX under the symbol STN and on the NYSE under the symbol SXC. Stantec is One Team providing Infinite Solutions. Cautionary note regarding forward-looking statements This press release contains "forward-looking statements". Some of these statements may involve risks and uncertainties and other factors that may be beyond the control of Stantec and cause actual results to be materially different from those contained in such forward-looking statements. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in Stantec's filings with the Canadian provincial securities commissions and the United States Securities and Exchange Commission. | | System Account | System Account | | 77 | | 3/17/2008 | EDMONTON AB; PETALUMA CA - TSX:STN;NYSE:SXC Stantec significantly enhanced the commercial development services of its Urban Land practice and created a platform for further expansion with the acquisition of RHL Design Group Inc. (RHL), a Petaluma, California based firm with over 170 employees and several offices in the western United States. RHL is a recognized leader in providing full program implementation and comprehensive design services for commercial clients with regional or national multi-location facilities. “We’re pleased with the addition of RHL’s staff and client roster,” says Tony Franceschini, Stantec President & CEO. “Combining the capabilities of RHL and Stantec, the new Commercial Program Development practice area will offer a total array of services nationally to our commercial and corporate clients, including engineering, architecture, permitting, compliance, and environmental services.” Founded in 1966, RHL’s diversified design team provides program and project management and comprehensive integrated design services for corporate clients nationwide. The firm has worked on more than 18,000 projects in over 2,000 cities throughout the United States for clients such as Wachovia, Starbucks, Rite Aid, Fresh & Easy Neighborhood Markets, Chevron, Hertz, and McDonalds. “Joining Stantec is an exciting opportunity for RHL,” says John Johnson, one of RHL’s two Co-Presidents who will both continue with Stantec. “The combination of RHL's capabilities, focused on multi-unit national roll-outs and program management, coupled with Stantec's complementary range of civil, site, and buildings engineering services and extensive geographic coverage, creates a practice ideally suited to satisfy the complete consulting needs of the Commercial Sector.” RHL’s client list includes national retailers, restaurant chains, banks, auto dealerships, rental car companies, government agencies, and oil companies with retail operations. These clients are striving to achieve a high level of branding using prototypical facility designs in all of their new and existing geographic locations. RHL adapts the prototypical designs for each site and develops design solutions that meet the varying needs of clients, developers, and local jurisdictions. The firm’s projects range in size from small site developments and single site remodels to regional and national multi-site re-branding and re-imaging programs. RHL also provides architectural and engineering services to utility companies and commercial clients with multiple facilities. Services address all phases of development, including site planning and analysis, preliminary design, securing planning approvals and building permits, preparing construction drawings and specifications, and bidding and project management services. For more information visit http://announcements.stantec.com/rhldesign Stantec provides professional design and consulting services in planning, engineering, architecture, surveying, economics, and project management. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through over 8,500 employees operating out of more than 125 locations in North America. Stantec trades on the TSX under the symbol STN and on the NYSE under the symbol SXC. Stantec is One Team providing Infinite Solutions. Cautionary note regarding forward-looking statements This press release contains "forward-looking statements". Some of these statements may involve risks and uncertainties and other factors that may be beyond the control of Stantec and cause actual results to be materially different from those contained in such forward-looking statements. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in Stantec's filings with the Canadian provincial securities commissions and the United States Securities and Exchange Commission. | | System Account | System Account | | 75 | | 2/21/2008 | EDMONTON, AB - TSX:STN; NYSE:SXC For the full year 2007, Stantec generated gross revenue of C$954.6 million, a 17.0% increase from C$816.1 million last year. Net revenue was C$830.9 million up 17.4% compared to C$707.9 million in 2006 and net income increased 15.1% to C$69.3 million from C$60.2 million. Diluted earnings per share were 14.5% higher at C$1.50 compared to C$1.31 in 2006. In the fourth quarter 2007, gross revenue increased to C$258.3 million from C$211.8 million in 2006, an increase of 22.0%. Net revenue increased 19.5% to C$215.9 million compared to C$180.6 million in the fourth quarter of 2006 and net income was up 21.8% to C$19.0 million compared to C$15.6 million. Diluted earnings per share were up 20.6% to C$0.41 compared to C$0.34 in the fourth quarter last year. In 2007, Stantec added eleven companies; Vancouver, British Columbia architecture firm, Nicolson Tamaki Architects Inc. with 10 employees; New York City based Vollmer Associates, a 600-person design firm with offices throughout the northeastern United States; Land Use Consultants, Inc., a planning and landscape architecture firm in Portland, Maine with approximately 20 employees; Geller DeVellis Inc. of Boston which added about 50 employees specializing in landscape architecture, planning, and civil engineering; Neill and Gunter, a full service consulting engineering firm with approximately 650 employees primarily located in Fredericton, New Brunswick; Halifax, Nova Scotia; and Portland, Maine along with Woodlot Alternatives, a firm with 65 people also in Portland, Maine; Trico Engineering Consultants, Inc, a North Charleston, South Carolina firm with about 130 employees specializing in civil engineering, surveying, landscape architecture, and planning; Chong Partners Architecture, Inc., one of San Francisco, California’s most recognized architecture firms with approximately 175 employees and additional offices in Sacramento and San Diego; Stantec also added Toronto, Ontario’s Murphy Hilgers Architects Inc., a 55-person firm specializing in healthcare, justice, and retail/commercial facilities and Moore Paterson Architects Inc., a 17-person firm in Victoria, British Columbia; at the end of 2007, Fuller, Mossbarger, Scott & May Engineers of Lexington, Kentucky joined Stantec adding over 300 employees specializing in civil, environmental, geotechnical, structural, and water resources engineering as well as specialized and targeted areas in Geographic Information Systems (GIS), particularly in floodplain mapping. Complete Financial Statements, Notes to the Financial Statements, and Management’s Discussion and Analysis will be filed on Sedar (www.sedar.com) and Edgar (www.sec.gov) on February 21, 2008, and are available to download from the Investor Relations section. You may also contact Stantec for a copy of the documents. “Our 54th year was among the busiest in the history of Stantec and we’re pleased to report solid growth in our fourth quarter and annual results,” says Tony Franceschini, Stantec President & CEO. “We’re encouraged by the way the many new employees that have joined Stantec in 2007 have quickly begun to team with other professionals and locations to share knowledge and add their talents to our strong North American network.” The strength of Stantec’s growing, integrated network is reflected in the types of projects the firm worked on in 2007. For example, the firm secured a contract to provide architecture; planning; landscape architecture; and structural, mechanical, electrical, civil, and transportation engineering services for the development of a new 300-bed acute care hospital in Grand Prairie, Alberta. The firm was also awarded an assignment to provide design solutions for a renovation of the Sheraton New York Hotel and Towers in New York City. Stantec’s Industrial group is designing facilities and infrastructure for the Athabasca Upgrader in northern Alberta for Total E&P Canada Ltd. In addition Stantec was selected as one of six companies to complete various projects for the Department of National Defence across Canada over the next five years and in the fourth quarter Stantec was awarded an assignment to complete the preliminary design and planning of the C-17 hanger at Canadian Forces Base Trenton in Ontario. During the year, the firm’s expertise in transit systems resulted in contracts to provide system integration analysis and planning services for several light rail transit projects in the southern United States. In addition, work was completed on the improvements to the TransCanada Highway through the challenging terrain of Kicking Horse Canyon in British Columbia. “It is great to see our staff across the continent putting together integrated teams to provide our clients with a full suite of services for their projects,” says Franceschini. “This was the main goal of our vision we set in 1998 to be a top 10 global design firm. We now have the resources, expertise, and depth and breadth of services of a top 10 firm and it is because of the efforts of our employees the past nine years that Stantec has been able to grow and successfully compete with the largest firms in our industry every day.” Stantec’s Annual Meeting of Shareholders will be held on May 1, 2008, at 11:00 AM MDT (1:00 PM EDT) at University of Alberta’s Enterprise Square in Edmonton, Alberta, 10230 – Jasper Avenue. The Fourth Quarter and Year-End Conference Call, being held today at 2:00 PM MST (4:00 PM EST), will be broadcast live and archived in the Investor Relations section. Financial analysts who wish to participate in the earnings conference call are invited to call 1-866-322-2356 and provide the confirmation code 5564365 to the first available operator. Stantec provides professional design and consulting services in planning, engineering, architecture, surveying, economics, and project management. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through over 8,500 employees operating out of more than 125 locations in North America. Stantec trades on the TSX under the symbol STN and on the NYSE under the symbol SXC. Stantec is One Team providing Infinite Solutions. Cautionary note regarding forward-looking statements This press release contains "forward-looking statements". Some of these statements may involve risks and uncertainties and other factors that may be beyond the control of Stantec and cause actual results to be materially different from those contained in such forward-looking statements. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in Stantec's filings with the Canadian provincial securities commissions and the United States Securities and Exchange Commission. | | System Account | System Account | | 76 | | 2/15/2008 | EDMONTON AB - TSX:STN, NYSE:SXC Stantec executives, Tony Franceschini, President & CEO, and Don Wilson, Senior Vice President & CFO, will hold a conference call to discuss the fourth quarter and 2007 year-end results on Thursday, February 21, 2008, commencing at 4:00 PM EST (2:00 PM MST, 1:00 PM PST). The call will last about 30 minutes. Once Tony and Don have completed their remarks, a structured Q & A for financial analysts will follow. For all interested investors and the news media, the conference call will be broadcast live and archived in its entirety on the Investor Relations section. Financial analysts who wish to participate in the earnings conference call are invited to call 1-866-322-2356 and provide the confirmation code 5564365 to the first available operator. Stantec provides professional design and consulting services in planning, engineering, architecture, surveying, economics, and project management. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through over 8,500 employees operating out of more than 125 locations in North America. Stantec trades on the TSX under the symbol STN and on the NYSE under the symbol SXC. Stantec is One Team providing Infinite Solutions. | | System Account | System Account | | 74 | | 2/4/2008 | REDMOND, WA; EDMONTON, AB - TSX:STN; NYSE:SXC Stantec has made a significant addition to its growing Environment practice area with the acquisition of Secor International Incorporated (Secor), a Redmond, Washington headquartered firm with more than 700 employees and 40 offices principally in the United States. Secor is a leading provider of environmental consulting and engineering services to the private sector and is one of the largest providers of downstream marketing remedial services to the US energy industry. In addition, Secor provides comprehensive environmental remediation services to the manufacturing, chemical, pulp and paper, and transportation industries. “I am pleased that we have completed this acquisition. The addition of Secor significantly increases our Environment practice area’s service offering, particularly for our clients in the private sector,” says Tony Franceschini, Stantec President & CEO. “Secor’s experience and expertise in permitting, compliance, and environmental remediation along with its roster of clients complement Stantec’s experience and expertise allowing us to offer a full suite of services to our expanded client base.” Founded in 1989, Secor’s skilled professionals include engineers, scientists, geologists, project managers, and field technicians. The company’s services include environmental due diligence and auditing, remediation, and environmental permitting and compliance services for some of the world’s largest oil and gas and manufacturing companies. In 2007, Secor generated gross revenue of approximately US$125 million. “Joining Stantec is a great opportunity for Secor,” says Jim Vais, Secor President & CEO who will continue with Stantec as Vice President and Practice Leader for Environmental Remediation. “With access to Stantec’s robust technical systems, financial resources, and network of professionals across North America we can better serve our national clients while offering them a wider range of services.” Stantec’s Environment practice area now consists of more than 2,300 engineers, scientists, and technical specialists, making it one of North America’s leading providers of environmental consulting services. In 2007 Secor ranked number 60 on the Engineering News Record’s listing of the Top 200 Environmental Firms in the United States while Stantec was ranked number 32. For more information visit http://announcements.stantec.com/secor Stantec provides professional design and consulting services in planning, engineering, architecture, surveying, economics, and project management. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through over 8,500 employees operating out of more than 125 locations in North America. Stantec trades on the TSX under the symbol STN and on the NYSE under the symbol SXC. Stantec is One Team providing Infinite Solutions. Cautionary note regarding forward-looking statements This press release contains "forward-looking statements". Some of these statements may involve risks and uncertainties and other factors that may be beyond the control of Stantec and cause actual results to be materially different from those contained in such forward-looking statements. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in Stantec's filings with the Canadian provincial securities commissions and the United States Securities and Exchange Commission. | | System Account | System Account | | 3 | | 1/23/2008 | EDMONTON AB - TSX:STN;NYSE:SXC Stantec announced today that the Company has reached an agreement to increase the limit of its existing revolving credit facility from C$160 million to C$250 million. The agreement also includes a provision for Stantec to obtain access to an additional C$50 million under the same terms and conditions, upon approval from the lenders. Stantec will use the credit facility for working capital, general corporate purposes, and to provide financing for recently completed and future acquisitions. “The increase to our credit limit reflects the confidence the financial community has in Stantec and our ability to successfully execute our business plan,” says Don Wilson, Stantec Senior Vice President & CFO. “This increased access to financing provides Stantec additional flexibility for continued growth.” The credit facility is being made available by a syndicate of financial institutions and is led by Canadian Imperial Bank of Commerce, as administrative agent, bookrunner, and arranger; Bank of Nova Scotia, as syndication agent; Alberta Treasury Branches; and Canadian Western Bank. Stantec provides professional design and consulting services in planning, engineering, architecture, surveying, economics, and project management. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through over 8,000 employees operating out of more than 100 locations in North America. Stantec trades on the TSX under the symbol STN and on the NYSE under the symbol SXC. Stantec is One Team providing Infinite Solutions. Cautionary note regarding forward-looking statements This press release contains "forward-looking statements". Some of these statements may involve risks and uncertainties and other factors that may be beyond the control of Stantec and cause actual results to be materially different from those contained in such forward-looking statements. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in Stantec's filings with the Canadian provincial securities commissions and the United States Securities and Exchange Commission. | | System Account | System Account | | 4 | | 1/9/2008 | ROCHESTER NY - TSX:STN; NYSE:SXC Stantec announced today that is has acquired Rochester Signal Inc., a signal system design and program management firm based in Rochester, New York. Specializing in railway signal systems, Rochester Signal employs approximately 25 people between its two offices in Rochester and Pittsburgh, Pennsylvania. Stantec now has over 145 employees in Rochester. “Rochester Signal’s people and expertise add another dimension to the transit-related services Stantec already offers,” says Stantec Senior Vice President, Rich Allen. “We have become increasingly focused on light rail and other transit projects in the last several years, and the addition of Rochester Signal helps us continue that progress.” Founded in 1993, Rochester Signal services rail clients across the globe. Their work includes signal design, construction management, installation and testing services, and other engineering support to all types of rail systems, from mainline and commuter lines to rapid transit and light rail. Stantec’s transit division works with similar rail clients, providing long-range planning, design, construction, and maintenance services for mass transit systems in the United States and Canada. “Joining Stantec allows us to offer even more services to our clients,” says Rochester Signal President Robert Constantine. “Their transportation and transit groups are extensive and well established, giving us a much deeper pool of resources to draw upon. In turn, we add new expertise to Stantec. It’s a win-win situation for everyone.” Since entering the New York market in 2004 Stantec has grown its presence to nine cities and more than 550 employees throughout the state. Rochester Signal staff in Rochester will eventually move into Stantec’s existing office there. Stantec provides professional design and consulting services in planning, engineering, architecture, surveying, economics, and project management. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through over 8,000 employees operating out of more than 100 locations in North America. Stantec trades on the TSX under the symbol STN and on the NYSE under the symbol SXC. Stantec is One Team providing Infinite Solutions. Cautionary note regarding forward-looking statements This press release contains "forward-looking statements". Some of these statements may involve risks and uncertainties and other factors that may be beyond the control of Stantec and cause actual results to be materially different from those contained in such forward-looking statements. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in Stantec's filings with the Canadian provincial securities commissions and the United States Securities and Exchange Commission. | | System Account | System Account | | 5 | | 1/3/2008 | Addition of the two firms opens up a new market and new service offering for Stantec EDMONTON AB; COLUMBUS OH; LEXINGTON KY - TSX:STN; NYSE:SXC Stantec announced today it has completed the acquisitions of R.D. Zande of Columbus, Ohio, and Fuller, Mossbarger, Scott & May Engineers (FMSM) of Lexington, Kentucky. The addition of these two firms adds a new practice area in geotechnical engineering and several offices in new regions for the Company. “The addition of FMSM and R.D. Zande expands our presence into the Midwestern United States and grows our service offering by adding a new geotechnical engineering practice,” says Tony Franceschini, Stantec President & CEO. “With the expansion of services and office locations, and the continued client service of the Zande and FMSM staff, these firms will enhance our Environment practice area.” R.D. Zande is a civil and environmental engineering firm located principally in Ohio, with additional offices in West Virginia, Kentucky, Pennsylvania, and Georgia. The firm has provided a wide range of consulting services to public and private sector clients since 1968. The firm’s cross-disciplinary team of engineers, planners, environmental scientists, landscape architects, surveyors, and construction administrators provides services mainly in water and wastewater treatment facility design, environmental management, and transportation as well as complementary services in planning, landscape architecture, surveying, and land development. Approximately 285 employees will be added through the acquisition of R.D. Zande. “It’s an exciting time for R.D. Zande to join Stantec,” says Matt Tin, R.D. Zande President & CEO who will continue with Stantec as a vice president and regional leader. “At the end of 2007 we were a strong Ohio-based firm with a small presence in surrounding states. Starting in 2008, we are part of a North American leader in the infrastructure and facilities design industry with access to a network of over 8,000 staff, more than 100 offices, and robust technological and financial systems.” R.D. Zande’s office in Columbus is now the headquarters of Stantec’s Great Lakes region, which includes seven offices in Michigan and Ohio. Fuller, Mossbarger, Scott & May is primarily located in Kentucky with additional offices in Ohio, Missouri, Indiana, Georgia, and Tennessee. The addition of FMSM creates a new region for Stantec with five locations in Kentucky, Tennessee, Indiana, and Missouri. FMSM’s Lexington office is the headquarters for the new South region and geotechnical engineering services. “Being a part of Stantec is a great opportunity for FMSM,” says Craig Avery, FMSM President & CEO who will continue with Stantec as a vice president and regional leader. “We now can offer a wider range of services to an increasing number of clients locally and across North America, enhancing our position as leaders in environmental and geotechnical engineering.” FMSM provides earth and water resource engineering solutions. The firm offers a wide scope of services in civil, environmental, geotechnical, structural, and water resources engineering as well as specialized and targeted areas in Geographic Information Systems (GIS), particularly in floodplain mapping. The firm also has an integrated materials testing laboratory and drilling operation to support its engineering projects. Approximately 300 employees will be added through the acquisition of FMSM. For more information about the acquisition visit http://announcements.stantec.com/fmsm and http://announcements.stantec.com/rdzande. Stantec provides professional design and consulting services in planning, engineering, architecture, surveying, economics, and project management. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through over 8,000 employees operating out of more than 100 locations in North America. Stantec trades on the TSX under the symbol STN and on the NYSE under the symbol SXC. Stantec is One Team providing Infinite Solutions. Cautionary note regarding forward-looking statements This press release contains "forward-looking statements". Some of these statements may involve risks and uncertainties and other factors that may be beyond the control of Stantec and cause actual results to be materially different from those contained in such forward-looking statements. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in Stantec's filings with the Canadian provincial securities commissions and the United States Securities and Exchange Commission. | | System Account | System Account | | 6 | | 12/5/2007 | EDMONTON AB; COLUMBUS OH; LEXINGTON KY - TSX:STN; NYSE:SXC Stantec announced today it has signed letters of intent to acquire two US Midwest firms, R.D. Zande of Columbus, Ohio and Fuller, Mossbarger, Scott & May Engineers (FMSM) of Lexington, Kentucky. The addition of these two firms will enhance Stantec’s existing Great Lakes Region, create a new region for Stantec in the area of Kentucky and Tennessee, and add more than 600 employees. R.D. Zande is a civil and environmental engineering firm with over 300 employees principally in Ohio, with additional offices in West Virginia, Kentucky, South Carolina, Pennsylvania and Georgia. The firm has provided a wide range of consulting services to public and private sector clients since 1968. The firm’s cross-disciplinary team of engineers, planners, environmental scientists, landscape architects, surveyors, and construction administrators provides services mainly in water and wastewater treatment facility design, environmental management, and transportation as well as complementary service in planning, landscape architecture, surveying, and land development. “We look forward to R.D. Zande joining Stantec,” says Tony Franceschini, Stantec President & CEO. “The addition of R.D. Zande will strengthen our Great Lakes region in the Midwest United States, and grow our depth of service offerings to public sector clients in our Environment practice.” The firms expect to complete the transaction in early January 2008. In 2006 R.D. Zande’s gross revenues were approximately US$29 million. The firm is consistently ranked in Engineering News Record’s Top 500 Design firms and is currently listed as number 394. “Joining Stantec is the natural next step for R.D. Zande,” says Matt Tin, R.D. Zande President & CEO. “With access to Stantec’s technological, financial, and staff resources and a widely expanded service offering, we will be able to compete with the largest firms in our industry while providing the same great service to our local clients. In addition, our employees will be getting the opportunity to grow their careers in a larger organization by working on projects throughout North America and partnering with experts across the new company to deliver more value to our client’s projects.” Fuller, Mossbarger, Scott & May has over 300 employees primarily located in Kentucky with additional offices in Ohio, Missouri, Indiana, Georgia and Tennessee. The addition of FMSM will create a new region for Stantec in the area of Kentucky and Tennessee as well as a new practice area in geotechnical engineering. “We have been looking to add an appropriate geotechnical engineering practice and FMSM adds expertise in several specialty engineering areas including dams, levees, and underwater structures that complement our existing services,” says Tony Franceschini, Stantec President & CEO. “In addition FMSM, enhances our water resource capabilities and provides improved access to US Federal clients such as the Corps of Engineers and the Federal Emergency Management Agency (FEMA).” FMSM provides earth and water resource engineering solutions. The firm offers a wide scope of services in civil, environmental, geotechnical, structural, and water resources engineering as well as specialized and targeted areas in Geographic Information Systems (GIS), particularly in floodplain mapping. The firm also has an integrated materials testing laboratory and drilling operation to support its engineering projects. The firms expect to complete the transaction at the end of December 2007. “Joining Stantec is an important step for us because it immediately allows us to better serve our clients who increasingly require more depth of services and a wider geographic platform for the delivery of those services,” says Craig Avery, FMSM President & CEO. “Our staff will benefit from increased career opportunities and access to Stantec’s technological, staff, and financial resources.” FMSM revenues in 2006 were approximately US$36 million and the firm is currently listed as number 327 in Engineering News Record’s Top 500 Design Firms in the United States. For more information about the acquisition visit http://announcements.stantec.com/fmsm and http://announcements.stantec.com/rdzande Stantec provides professional design and consulting services in planning, engineering, architecture, surveying, economics, and project management. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through over 7,500 employees operating out of more than 100 locations in North America. Stantec trades on the TSX under the symbol STN and on the NYSE under the symbol SXC. Stantec is One Team providing Infinite Solutions. Cautionary note regarding forward-looking statements This press release contains "forward-looking statements". Some of these statements may involve risks and uncertainties and other factors that may be beyond the control of Stantec and cause actual results to be materially different from those contained in such forward-looking statements. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in Stantec's filings with the Canadian provincial securities commissions and the United States Securities and Exchange Commission. | | System Account | System Account | | 7 | | 11/26/2007 | EDMONTON AB - TSX:STN; NYSE:SXC Two architecture firms have joined Stantec Architecture Ltd adding depth to the Company’s national and international practice. Stantec Architecture has acquired Toronto’s Murphy Hilgers Architects Inc., a 55-person firm specializing in healthcare, justice, and retail/commercial facilities and has purchased the assets of Moore Paterson Architects Inc., a 17-person firm in Victoria. “We’re very proud of the evolution and maturing of our architecture practice over the past five years,” says Tony Franceschini, Stantec President & CEO. “The addition of Murphy Hilgers adds further depth to our healthcare design expertise to strengthen our position as a leading North American practice and when combined with our existing practice in Toronto will create one of the largest architecture firms in the city at over 100 staff. "Moore Paterson gives Stantec one of the strongest architecture groups in Victoria and on Vancouver Island,” adds Franceschini. "In combination with our Vancouver and Kamloops offices, the expertise of the new staff will enable us to offer an exceptional range of expertise and talent to clients in British Columbia and beyond." Murphy Hilgers Architects excels in the planning, design, and delivery of complex building projects such as large scale acute care, mental health, and cancer treatment facilities as well as justice related facilities. Stantec and Murphy Hilgers have a history of successful collaboration and since 1997, the firms have worked together on several major health care projects across Ontario. “We have worked side by side with Stantec on many projects and joining the firm is a natural fit for Murphy Hilgers,” says Colm Murphy, Murphy Hilgers co-founder and Principal. “Our team will now have access to the technological and human resources that Stantec has to better serve all our clients.” Moore Paterson Architects, one of Vancouver Island’s largest architecture firms, provides architectural, planning and project management services to Vancouver Island and the Lower Mainland. The firm is probably best known for its design of the Grand Pacific Hotel, the Oak Bay Recreation Centre, and the Victoria International Airport. “We’re excited about the prospect of joining Stantec and believe that this will offer many benefits to our staff,” adds Thomas Moore, Principal, Moore Paterson Architects. “Our team will gain opportunities to grow their experience by working on different projects in cities across North America.” With these staff additions Stantec Architecture grows to over 750 staff. Stantec provides professional design and consulting services in planning, engineering, architecture, surveying, economics, and project management. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through over 7,500 employees operating out of more than 100 locations in North America. Stantec trades on the TSX under the symbol STN and on the NYSE under the symbol SXC. Stantec is One Team providing Infinite Solutions. Cautionary note regarding forward-looking statements This press release contains "forward-looking statements". Some of these statements may involve risks and uncertainties and other factors that may be beyond the control of Stantec and cause actual results to be materially different from those contained in such forward-looking statements. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in Stantec's filings with the Canadian provincial securities commissions and the United States Securities and Exchange Commission. | | System Account | System Account | | 8 | | 11/1/2007 | EDMONTON AB - TSX:STN; NYSE:SXC - In the third quarter of 2007 gross revenue increased 11.9% to C$235.3 million compared to C$210.2 million for the same period in 2006. Net revenue increased 13.7% to C$207.0 million compared to C$182.0 million and net income was up 5.5% to C$17.4 million from C$16.5 million. Diluted earnings per share were up 5.6% to C$0.38 in the third quarter 2007 compared to C$0.36 in 2006.
- Year-to-date 2007 gross revenue increased 15.2% to C$696.3 million compared to C$604.3 million over the first nine months of 2006. Net revenue increased 16.6% to $615.0 million compared to C$527.3 million while net income increased 12.8% to C$50.3 million compared to C$44.6 million. Diluted earnings per share were up 12.4% to C$1.09 compared to C$0.97 for the same period in 2006.
- In the quarter Stantec completed the acquisition of Trico Engineering Consultants, Inc. in North Charleston, South Carolina adding about 130 employees specializing in civil engineering, surveying, landscape architecture, and planning. The Company also acquired San Francisco firm, Chong Partners Architecture with approximately 175 employees and additional offices in Sacramento and San Diego.
- In addition at the beginning of the fourth quarter Stantec completed the acquisitions of Neill and Gunter, a full service consulting engineering firm with approximately 650 employees primarily located in Fredericton, New Brunswick; Halifax, Nova Scotia; and Portland, Maine along with Woodlot Alternatives, a firm with 65 people also in Portland, Maine.
- Complete Financial Statements, Notes to the Financial Statements, and Management’s Discussion and Analysis will be filed on Sedar (www.sedar.com) and Edgar (www.sec.gov) on November 1, 2007 and are available to download from the Investor Relations section. You may also contact Stantec for a copy of the documents.
"The continuing consistency of our results this quarter reflects the ability of our business model to adapt to changing market conditions throughout North America," says Tony Franceschini, Stantec President & CEO. “While we have experienced a slight slowdown in the Urban Land area we are seeing strong growth in our Industrial and Environment areas and we have a positive outlook for our Transportation and Buildings practices." Projects awarded to Stantec this quarter demonstrate the Company’s growing service offering and geographic diversity. Stantec was awarded a contract by the City of Anaheim, California to provide on call design services for water and sewer treatment, pipeline, pump station, and reservoir infrastructure projects through to January 2009. In Manitoba and Colorado the Company is providing annual bridge inspections for hundreds of bridges for Manitoba Infrastructure and Transportation and the Colorado Department of Transportation, respectively. In New York City the Buildings group continues to work on the restoration and rehabilitation of the interior of New York City Hall, a historic landmark originally built in 1811, for the New York City Department of City-Wide Administrative Services. This assignment, which follows various projects we have completed at the building since 1998, brings together our expertise in architecture, structural engineering, preservation/restoration, high-definition scanning (a laser survey technology used to create three-dimensional electronic models), and sustainable design consulting and filing for Leadership in Energy and Environmental Design®Existing Building (LEED-EB) certification. In Alberta the Industrial group is providing engineering services for the installation of infrastructure at the Athasbasca Upgrader, a bitumen-processing facility owned by Total E&P Canada Ltd. Drawing on expertise from several of our practice areas, the scope of work will include water management planning and studies; raw water intake and pipeline engineering; wastewater treatment and effluent pipeline engineering; environmental impact assessment submission support; rail logistics and materials handling engineering; the design of administration, control, and fire hall buildings; and access road and administration area studies. “Our employees continue to execute Stantec’s business strategy by effectively taking advantage of work sharing opportunities and teaming up with experts throughout the Company to win projects and provide value to our clients,” says Franceschini. The third quarter Conference Call, to be held today at 4:00 PM EDT (2:00 PM MDT), will be broadcast live and archived in the Investor Relations section. Stantec provides professional design and consulting services in planning, engineering, architecture, surveying, economics, and project management. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through over 7,500 employees operating out of more than 100 locations in North America. Stantec trades on the TSX under the symbol STN and on the NYSE under the symbol SXC. Stantec is One Team providing Infinite Solutions. Cautionary note regarding forward-looking statements This press release contains "forward-looking statements". Some of these statements may involve risks and uncertainties and other factors that may be beyond the control of Stantec and cause actual results to be materially different from those contained in such forward-looking statements. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in Stantec's filings with the Canadian provincial securities commissions and the United States Securities and Exchange Commission. | | System Account | System Account | | 9 | | 10/19/2007 | EDMONTON AB - TSX:STN; NYSE:SXC Stantec announced today that it has completed the acquisition of Neill and Gunter, a full service consulting engineering firm with approximately 650 employees primarily located in Fredericton, New Brunswick; Halifax, Nova Scotia; and Portland, Maine, along with 10 other locations in the United States and Canada. “We’re very pleased that the leadership and staff of Neill and Gunter are joining Stantec,” says Tony Franceschini, Stantec President & CEO. “They bring great depth to our Industrial practice, access to a new market in Atlantic Canada, and enhance our operations in New England.” For over forty years, Neill and Gunter has provided consulting engineering services to heavy industry in the Power and Utilities, Oil and Gas, Pulp and Paper, Food and Beverage, Mining, and Composite Wood Products sectors. Neill and Gunter brings to Stantec additional experience in the fields of environmental, transportation, municipal, manufacturing, and building services. The acquisition includes all Neill and Gunter operating companies, including Neill and Gunter Limited in Fredericton, Neill and Gunter (Nova Scotia) Limited in Halifax, and Neill and Gunter, Incorporated in Portland. The three respective company presidents of the firms, Don Belliveau, Peter Rent, and William Shelley, are continuing with Stantec as Vice Presidents. In regards to the transaction, the leadership team of Neill and Gunter says, “This is the next step in the evolution of our company. We now are part of a firm with global resources and access to markets across North America while our employees are gaining opportunities to work on different projects and grow their careers within the larger organization.” For more information visit http://announcements.stantec.com/neillandgunter Stantec provides professional design and consulting services in planning, engineering, architecture, surveying, economics, and project management. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through over 7,500 employees operating out of more than 100 locations in North America. Stantec trades on the TSX under the symbol STN and on the NYSE under the symbol SXC. Stantec is One Team providing Infinite Solutions. Cautionary note regarding forward-looking statements This press release contains "forward-looking statements". Some of these statements may involve risks and uncertainties and other factors that may be beyond the control of Stantec and cause actual results to be materially different from those contained in such forward-looking statements. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in Stantec's filings with the Canadian provincial securities commissions and the United States Securities and Exchange Commission. | | System Account | System Account | | 10 | | 10/1/2007 | PORTLAND ME - TSX:STN; NYSE:SXC Woodlot Alternatives, a 65-person consulting firm based in Topsham, Maine, has joined Stantec. Woodlot specializes in natural resource assessment, permitting, and environmental engineering from offices in Maine, Massachusetts, and Vermont. “We’ve expanded our reach in Maine and New England significantly this year,” Stantec President & CEO Tony Franceschini says. ”The addition of Woodlot further strengthens our presence in this region and enhances the services we offer our clients, particularly in the area of wind power.” Woodlot has focused on the wind, liquefied natural gas, and natural gas energy sectors for the last several years, conducting natural resource investigations, impact assessments, and environmental permitting for projects in both the US and Mexico. In the past five years, the company has completed studies at over 60 proposed wind farm sites. Woodlot has also been involved in several recent, high-profile environmental projects in New England, including the ecological risk assessment and restoration of the Housatonic River in western Massachusetts, the environmental impacts of a proposed new exit on Interstate 93 near Boston, and the removal of two large dams in the Penobscot River in Maine. “Joining Stantec gives us the opportunity to continue building on the growth we’ve experienced in the last decade,” says Woodlot President John P. Lortie, who will continue with Stantec as a vice president. “With their wide network of tools and resources, we’ll have even more services to bring to our clients and greater exposure across the continent for our existing areas of expertise.” Woodlot was founded in 1987 and has offices in Topsham, Maine, Pittsfield, Massachusetts, and South Burlington, Vermont. The addition of Woodlot marks Stantec’s third acquisition in Maine in the last two years, following Land Use Consultants in April of this year and Dufresne-Henry in April of 2006. Stantec has also signed a letter of intent to acquire another local firm, Neill and Gunter, a consulting engineering firm with approximately 130 employees in Portland. That transaction is expected to be complete in October. Currently, Stantec has over 40 employees in offices located in Portland and Presque Isle. With the acquisition of Woodlot and other pending transactions, the firm expects to have well over 200 employees in the state by the end of the year, with the vast majority of those employees located in the greater Portland area. Stantec provides professional design and consulting services in planning, engineering, architecture, surveying, economics, and project management. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through over 7,000 employees operating out of more than 100 locations in North America. Stantec trades on the TSX under the symbol STN and on the NYSE under the symbol SXC. Cautionary note regarding forward-looking statements This press release contains "forward-looking statements". Some of these statements may involve risks and uncertainties and other factors that may be beyond the control of Stantec and cause actual results to be materially different from those contained in such forward-looking statements. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in Stantec's filings with the Canadian provincial securities commissions and the United States Securities and Exchange Commission. | | System Account | System Account | | 11 | | 9/17/2007 | SAN FRANCISCO CA - TSX:STN; NYSE:SXC Stantec announced today that it has completed the acquisition of Chong Partners Architecture, Inc. (CPA) one of San Francisco’s largest and most recognized architecture firms. Specializing in architecture, interior design, and planning CPA has approximately 175 employees and additional offices in Sacramento and San Diego. “The addition of Chong Partners is a significant step towards building a national architecture presence in the United States similar to what we have been able to achieve in Canada,” says Tony Franceschini, Stantec President & CEO. “We are also excited about Chong Partners strong experience in the design of hospitals and related medical research and treatment facilities which will make the combined practice a North American leader in the healthcare design sector.” With more than 30 years of experience, CPA is one of California's most prominent health care design firms. The company also provides services to the public, corporate, and academic sectors. The firm has worked on projects such as the Coca Cola Pavilion at the 2008 Olympic Games in Beijing, the Template Hospitals Project for Kaiser Permanente, and the California Academy of Sciences (with Renzo Piano). “Joining Stantec makes us a stronger firm,” says Gordon Chong, CPA Chairman. “The combination of our people’s skills with Stantec’s size and depth will enable us to bring a dramatically expanded range of services, expertise, and resources to the marketplace.” “Not only will our clients get the benefits from our expanded resources and service offering,” adds F. B. (Rick) Drake, CPA CEO, “we will also be able to offer our employees access to more opportunities to grow their careers and experience within the larger organization.” With the addition of CPA, Stantec’s architecture practice now has about 700 employees throughout North America. In California the Company employs more than 850 people providing a wide variety of professional services. For more information visit http://announcements.stantec.com/chongpartners Stantec, founded in 1954, provides professional design and consulting services in planning, engineering, architecture, surveying, and project management. The Company supports public and private sector clients in a diverse range of markets, at every stage, from initial concept and financial feasibility to project completion and beyond. Services are offered through more than 7,000 employees operating out of more than 100 locations in North America and the Caribbean. Stantec trades on the Toronto Stock Exchange under the symbol STN and on the New York Stock Exchange under the symbol SXC. Cautionary note regarding forward-looking statements This press release contains "forward-looking statements". Some of these statements may involve risks and uncertainties and other factors that may be beyond the control of Stantec and cause actual results to be materially different from those contained in such forward-looking statements. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in Stantec's filings with the Canadian provincial securities commissions and the United States Securities and Exchange Commission. | | System Account | System Account | | 12 | | 9/4/2007 | CHARLESTON SC - TSX:STN; NYSE:SXC Stantec announced today that South Carolina consulting firm Trico Engineering Consultants, Inc. has joined the Company. Based in North Charleston, Trico adds approximately 130 employees specializing in civil engineering, surveying, landscape architecture, and planning. “With Trico, we significantly enhance our presence, depth and experience in the Charleston area,” says Stantec President and CEO Tony Franceschini. “Their services complement much of what we’re already doing in the Southeast, and we look forward to expanding those services further into the coastal areas of the Carolinas.” For over 25 years, Trico has worked on a broad range of residential and commercial development projects in the greater Charleston area, including the 300-acre Centre Point development in North Charleston. Centre Point now houses the area’s first retail outlet center and has become a centerpiece of the city’s redevelopment efforts. “Joining Stantec really opens up opportunities for our employees and our clients,” says Cleve Gillette, Trico President and General Manager. “Stantec’s wide network of staff and resources allows us to offer even more services to our clients, while we continue to do the same quality work right here from our local office.” Trico has offices in North Charleston and Georgetown, South Carolina. Stantec’s existing office in Charleston will merge with Trico’s North Charleston office later this month. With Trico, Stantec now has 10 offices with over 400 employees in the Carolinas and the Southeast. For more information visit http://announcements.stantec.com/trico Stantec, founded in 1954, provides professional design and consulting services in planning, engineering, architecture, surveying, and project management. The Company supports public and private sector clients in a diverse range of markets, at every stage, from initial concept and financial feasibility to project completion and beyond. Services are offered through more than 6,500 employees operating out of about 100 locations in North America and the Caribbean. Stantec trades on the Toronto Stock Exchange under the symbol STN and on the New York Stock Exchange under the symbol SXC. Cautionary note regarding forward-looking statements This press release contains "forward-looking statements". Some of these statements may involve risks and uncertainties and other factors that may be beyond the control of Stantec and cause actual results to be materially different from those contained in such forward-looking statements. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in Stantec's filings with the Canadian provincial securities commissions and the United States Securities and Exchange Commission. | | System Account | System Account | | 13 | | 8/13/2007 | EDMONTON AB - TSX:STN; NYSE:SXC Neill and Gunter announced today it has signed a letter of intent to join forces with North American design firm Stantec. Neill and Gunter is a full service consulting engineering firm with approximately 700 employees primarily located in Fredericton, New Brunswick; Halifax, Nova Scotia; and Portland, Maine, along with 10 other locations in the United States and Canada. “We’re excited about the prospect of Neill and Gunter joining Stantec,” says Tony Franceschini, Stantec President & CEO. “They will add a strong presence for Stantec in Atlantic Canada, increase our current presence in the eastern United States and nearly double our Industrial practice in North America.” For over forty years, Neill and Gunter has provided consulting engineering services to heavy industry in the domains of Power and Utilities, Oil and Gas, Pulp and Paper, Food and Beverage, Mining, and Composite Wood Products. Neill and Gunter brings to Stantec additional experience in the fields of environmental, transportation, municipal, manufacturing, and building services. The proposed acquisition includes all Neill and Gunter operating companies, including Neill and Gunter Limited in Fredericton, Neill and Gunter Nova Scotia in Halifax, and Neill and Gunter Incorporated in Portland. The three respective company presidents of the firm, Don Belliveau, Peter Rent, and William Shelley, will remain with Stantec. The leadership team of Neill and Gunter is united in their support of the transaction and states, “While our firm has been experiencing a time of growth and success, joining Stantec will give us the opportunity to make the changes we need to remain competitive in the future. As a part of Stantec we become a global firm with robust technological systems and an established presence in most of the major markets in North America. In addition, our employees will have more opportunities to grow their careers in the larger firm and we will be able to offer our clients a greater depth and breadth of services.” The firms expect to complete the transaction in October subject to a Neill and Gunter shareholder vote and upon completion of satisfactory due diligence. For more information visit http://announcements.stantec.com/neillandgunter Stantec, founded in 1954, provides professional design and consulting services in planning, engineering, architecture, surveying, and project management. The Company supports public and private sector clients in a diverse range of markets, at every stage, from initial concept and financial feasibility to project completion and beyond. Services are offered through more than 6,500 employees operating out of about 100 locations in North America and the Caribbean. Stantec trades on the Toronto Stock Exchange under the symbol STN and on the New York Stock Exchange under the symbol SXC. Cautionary note regarding forward-looking statements This press release contains "forward-looking statements". Some of these statements may involve risks and uncertainties and other factors that may be beyond the control of Stantec and cause actual results to be materially different from those contained in such forward-looking statements. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in Stantec's filings with the Canadian provincial securities commissions and the United States Securities and Exchange Commission. | | System Account | System Account | | 14 | | 8/2/2007 | EDMONTON AB - TSX:STN;NYSE:SXC - Gross revenue increased 17.2% to C$244.7 million compared to C$208.8 million in the second quarter of 2006. Net revenue increased 18.4% to C$215.7 million from C$182.2 million, while net income was up 4.8% to C$17.5 million compared to C$16.7 million. Diluted earnings per share were C$0.38 in the second quarter of 2007 compared to C$0.36 the same period last year, representing an increase of 5.6%.
- Year-to-date 2007 gross revenue increased 17.0% to C$461.0 million compared to C$394.1 million in the same period of 2006, while net revenue increased 18.2% to C$408.0 million from C$345.3 million. Net income increased 17.1% to C$32.9 million from C$28.1 million. Diluted earnings per share were up 16.4% to $0.71 from $0.61.
- During the second quarter the Company completed the acquisition of New York City based Vollmer Associates, adding about 600 employees in offices throughout the northeastern United States. Stantec also added approximately 20 employees with Land Use Consultants, Inc., a planning and landscape architecture firm in Portland, Maine, and Geller DeVellis Inc. of Boston which added about 50 employees specializing in landscape architecture, planning, and civil engineering.
- Complete Financial Statements, Notes to the Financial Statements, and Management’s Discussion and Analysis will be filed on Sedar (www.sedar.com) and Edgar (www.sec.gov) on August 2, 2007 and are available to download from the investor relations section. You may also contact Stantec for a copy of the documents.
"In the second quarter we focused on the orientation and integration of the approximately 670 staff who joined Stantec since the beginning of April through the acquisitions of Vollmer, Land Use Consultants, and Geller DeVellis," says Tony Franceschini, Stantec President & CEO. “Although this contributed to an overall increase in administrative and marketing expenses during the quarter, we’re very pleased with how quickly these firms’ systems have been converted into ours and with how the new employees have taken up our ‘One Team. Infinite Solutions.’ philosophy.” A number of new projects awarded this quarter demonstrate Stantec’s growing presence in the eastern United States. In New York, Stantec has been awarded a two-year contract to complete the preliminary design of the reconstruction of Interstate 90 between Interchanges 24 and 25 for the New York State Thruway Authority (NYSTA). In addition, the NYSTA Albany Division selected Stantec to provide design services for highway and interchange reconstruction, bridge rehabilitation or replacement, and transportation facilities projects under a three-year term agreement. In Cherry Hill, New Jersey, Stantec is providing fully integrated services—architecture; mechanical, electrical, plumbing, structural, and civil engineering; site planning; surveying; landscape architecture; and construction administration/project management services—for major renovations and additions to four separate fire stations for the Cherry Hill Fire Department. The Company also began work on the reconstruction of Fort Washington Park for the New York City Department of Parks & Recreation. This project—involving 160 acres (64.7 hectares) of land fronting the Hudson River—is part of New York City mayor Bloomberg’s PlaNYC initiative, which will give New Yorkers new and reconstructed open space and outstanding recreational opportunities. Stantec’s responsibilities include completion of the master plan, public outreach, and participation in the schematic, preliminary, and final designs (including site survey, engineering, and landscape designs). Other significant project awards include a five-year, master service agreement to act as the prime consultant for multiple projects for Suncor Energy in Alberta. Currently, Stantec is providing the interior design for a complete renovation of the Suncor’s corporate headquarters in Calgary. Work has also begun on several projects at the Fort McMurray/Oil Sands Plant Site, including the architecture and interior design of office space, warehouses, shops, and residences, along with the provision of environmental infrastructure services for water and wastewater treatment. "Many of the projects we have secured this quarter show the growing depth and diversity of services Stantec can provide," says Franceschini. "We are seeing the true potential of operating as one team as our network grows and strengthens across North America." The second quarter Conference Call, to be held today at 4:00 PM EDT (2:00 PM MDT), will be broadcast live and archived in the Investor Relations section. Stantec provides professional design and consulting services in planning, engineering, architecture, surveying, economics, and project management. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through over 6,500 employees operating out of more than 100 locations in North America. Stantec trades on the TSX under the symbol STN and on the NYSE under the symbol SXC. Stantec is One Team providing Infinite Solutions Cautionary note regarding forward-looking statements This press release contains "forward-looking statements". Some of these statements may involve risks and uncertainties and other factors that may be beyond the control of Stantec and cause actual results to be materially different from those contained in such forward-looking statements. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in Stantec's filings with the Canadian provincial securities commissions and the United States Securities and Exchange Commission. | | System Account | System Account |
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