|
|
|
| 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 | | 15 | | 5/28/2007 | EDMONTON AB - 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 2,279,496 of its common shares, representing approximately 5% of the shares. Stantec had a total of 45,589,934 common shares outstanding as at May 15, 2007. The purchases may commence on June 1, 2007, and will terminate no later than May 31, 2008. Stantec will make the purchases 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 will make no purchases of common shares other than open-market purchases. 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 15, 2007, pursuant to its normal course issuer bid in place since June 1, 2006, Stantec has purchased 51,600 Common Shares at an average price of $19.65 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 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 | | 16 | | 5/22/2007 | BOSTON MA - TSX:STN; NYSE:SXC Stantec announced today that it has acquired the assets of Boston firm Geller DeVellis Inc. and that the Geller employees have joined the Company. The transaction adds approximately 50 employees to Stantec’s growing New England operations and increases the Boston office to over 65 people. “The skilled professionals and services the Geller DeVellis team offers are a tremendous addition to our company,” says Stantec President & CEO Tony Franceschini. “New England is an important market for Stantec’s success on the East Coast, and this addition gives us a much stronger presence in Boston.” Geller DeVellis specializes in planning, landscape architecture, and civil engineering design projects, including the 9/11 memorial labyrinth at Boston College and the Teddy Ebersol Red Sox Fields on Boston’s Esplanade. With offices in both Boston and Wellesley, Massachusetts, the company also includes the Geller Sport division, which focuses specifically on recreation and athletic facility design projects, and the Geller Graphics division, which provides expertise in digital imaging, 3D modeling, and computer rendering. “Joining Stantec allows our staff and our clients to continue the great work we do with the added benefit of Stantec’s considerable resources,” says Geller DeVellis president Joseph Geller, who will continue with Stantec as a senior principal. Since 2003, Stantec has added 50 offices on the East Coast, growing from 300 employees to over 1,350 from Maine to Florida. Stantec now has about 70 offices in 26 states and more than 3,000 employees throughout the United States. For more information please visit: http://announcements.stantec.com/gellerdevellis 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 | | 17 | | 5/3/2007 | EDMONTON AB - TSX:STN;NYSE:SXC - In the first quarter of 2007 Stantec generated gross revenue of C$216.3 million compared to C$185.3 million in the first quarter of 2006, a 16.7% increase. Net revenue increased 17.9% to C$192.3 million from C$163.1 million and net income increased 35.1% to C$15.4 million compared to C$11.4 million. Diluted Earnings per share were up 32.0% to C$0.33 in the first quarter 2007 from C$0.25 in the first quarter of 2006.
- The increase in net income is due to three factors that combined to deliver better than expected results. Amortization of intangible assets and net interest expense were both lower than in the same period of 2006. Both of these items are expected to increase in future quarters due to the acquisition of Vollmer Associates at the beginning of the second quarter 2007. Gross margin was higher than anticipated because of the mix and type of projects completed in the quarter. Over the year the Company expects that gross margin will be between 55% and 57%.
- During the first quarter Stantec announced its intent to acquire Vollmer Associates of New York City. The transaction closed in early April and added approximately 600 employees and 20 offices to Stantec in the northeast United States.
- 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 3, 2007 and are available to download from the investor relations section. You may also contact Stantec for a copy of the documents.
“We’ve had a good start to 2007 with strong performances from all of our practice areas,” says Tony Franceschini, Stantec President & CEO. “In particular our Environment and Transportation groups performed well capitalizing on public sector spending and winning a number of key projects.” The diverse range of projects awarded to Stantec this quarter reflects the maturing of the Company’s practice areas. The Transportation group was awarded two on-call assignments, one from the Ministry of Transportation Ontario for bridge projects in the Central Region over two years and the second from the North Carolina Department of Transportation to provide general railroad engineering, highway/railroad crossing evaluations, and general railroad planning studies over a three year term. The Environment group was awarded a two year contract by SaskPower to provide a variety of environmental assessment services throughout Saskatchewan. In Henry County, Georgia, the team is providing design services to double the capacity of the Tussahaw Water Treatment Plant. In addition, Stantec’s Buildings group, in association with another firm, was selected as the architects for the new Peace Country Regional Health Centre located in Grande Prairie, Alberta. The Urban Land practice began the civil engineering, planning, and mapping services for McAllister Ranch in Bakersfield, California. The development will include more than 6,000 residential lots, 14 miles (22.5 kilometers) of arterial roadways, an 18-hole Greg Norman Signature golf course, amenity lakes, parks, schools, and 340 acres (138 hectares) of commercial development. “Our employees across Stantec have done an exceptional job of developing strong relationships with our clients by continuing to deliver effective solutions time and time again,” adds Franceschini. “It is through the efforts of our team, which is now over 6,500 people strong, that we will achieve our goal of becoming a top 10 global design firm.” Stantec’s Annual & Special Meeting of Shareholders is being held today, May 3, 2007, at 1:00 PM EDT (11:00 AM MDT) at Stantec’s headquarters in Edmonton, Alberta, 10160-112th Street. The First Quarter Conference Call, being 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 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 | | 18 | | 5/2/2007 | EDMONTON AB; BOSTON MA - TSX:STN; NYSE:SXC Stantec announced today that it has signed a letter of intent to acquire the assets of Boston-based planning and landscape architecture firm, Geller DeVellis Inc. Approximately 50 Geller employees will join Stantec’s growing New England operations. The transaction is expected to close by the end of May. “The addition of Geller DeVellis’ employees further strengthens our Northeast presence, especially in Boston,” says Stantec President & CEO, Tony Franceschini. “This group of talented landscape architects, planners, and engineers complements our existing capabilities in Boston and New England, and corporately strengthens our landscape architecture capabilities.” With offices in Boston and Wellesley, Massachusetts, Geller DeVellis specializes in landscape architecture and civil engineering services including site planning, utility design, permitting, and geographic information systems. The acquisition will also include the employees and assets of the firm’s Geller Sport division, which focuses specifically on recreation and athletic facility design projects, and the Geller Graphics division, which provides expertise in digital imaging, 3D modeling, and computer rendering. “Joining Stantec is an extremely exciting and positive move for us,” says Joseph Geller, President of Geller DeVellis. “We have a quite successful practice here in New England and a terrific client base. With such a wide network of people and resources across North America, we’ll now be able to offer even more services to those clients and more opportunities for our staff.” Stantec currently has nine offices in New England, including a small Boston office recently augmented with the acquisition of Vollmer Associates. With the Geller DeVellis team, Stantec will now have nearly 250 employees throughout the region and over 65 in Boston. For more information please visit: http://announcements.stantec.com/gellerdevellis 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 | | 19 | | 4/10/2007 | PORTLAND ME - NYSE:SXC;TSX:STN Planning, landscape architecture, and engineering firm Land Use Consultants, Inc. has joined Stantec. Located in Portland, Maine, Land Use Consultants adds 17 employees to Stantec’s existing Portland office and expands the firm’s planning and landscape architecture services in the northern New England region. “Land Use Consultants is a perfect fit for our growing New England operations,” says Tony Franceschini, Stantec President & CEO. “We see the US East Coast—and particularly New England—as an important region for the growth and continued success of our business.” Established in 1972, Land Use Consultants offers planning, landscape architecture, and civil engineering services for various types of projects, ranging from master planned community and recreation design to residential development and stormwater management. “We’re very happy to become a part of Stantec,” says Land Use Consultants President David Kamila. “Their continued growth in New England is an exciting prospect for us, our services complement what they’re already doing in the region, and their broad reach across North America gives us more specialized resources to better serve our clients.” Most recently, Land Use Consultants has been involved in residential development projects throughout Maine, including La Costa Pines, a 30-unit condominium development adjacent to the Dunegrass Golf Course in Old Orchard Beach, and Chestnut Street Lofts, a condominium complex with first-floor commercial space in downtown Portland. The company is also working on a number of active adult retirement communities, such as Highland Green in Topsham and Stroudwater Crossing in Westbrook. All of these developments incorporate what is known as “low-impact development,” which minimizes the impact of the new developments on surrounding communities and ecosystems. Stantec entered the New England market in 2006 with the acquisition of Dufresne-Henry. Including the addition of Land Use Consultants, Stantec now has more than 40 staff in Portland, Maine and nearly 200 throughout New England. Stantec, founded in 1954, provides professional design and consulting services in planning, engineering, architecture, surveying, and project management. 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 more than 6,500 employees operating out of over 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 news 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 | | 20 | | 4/3/2007 | EDMONTON AB; NEW YORK NY - TSX:STN; NYSE:SXC The designers of high-profile projects like the Columbus Circle Reconstruction in Manhattan and the light rail transit systems in Phoenix, Calgary, and Edmonton announced today that they have officially become one team. Stantec has completed the acquisition of Vollmer Associates LLP, a firm headquartered in New York City with approximately 600 employees. Vollmer provides engineering, architecture, planning, landscape architecture, and survey services focused on the transportation sector from offices throughout the northeastern United States. “With the addition of Vollmer we have gained a solid base in the heart of New York City and significantly bolstered our operations throughout the eastern United States,” says Tony Franceschini, Stantec President & CEO. “Our combined transportation practice places Stantec among the top transportation design firms in North America.” Stantec is an engineering/architecture professional services firm and, with the inclusion of Vollmer, has more than 6,500 employees and over 100 offices throughout North America. In 2006, Vollmer Associates’ gross revenue was approximately US$80 million. Stantec’s gross revenue in 2006 was C$816 million. “We’re excited to introduce our employees to the many tools and resources Stantec has to offer, which will help them better serve our clients,” says Vollmer’s Managing Partner Gerry Nielsten, who will continue with Stantec as a Senior Principal. “Operating as one team, we will be able to provide Stantec’s global expertise and services in any of the areas we are currently operating and also bring to the table our own specialties, such as toll roads and major transit systems, to clients across North America.” All of Vollmer’s 12 partners are continuing with Stantec, which now has about 70 offices in 26 states and more than 3,000 employees throughout the United States. For more information visit http://announcements.stantec.com/vollmer 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 | | 21 | | 2/22/2007 | EDMONTON AB - TSX:STN;NYSE:SXC - For the full year 2006, Stantec generated gross revenue of C$816.1 million, a 32.1% increase from C$618.0 million last year. Net revenue was C$707.9 million up 35.0% compared to C$524.6 million in 2005 and net income increased 48.2% to C$60.2 million from C$40.6 million. Diluted earnings per share were 32.3% higher at C$1.31 compared to C$0.99 in 2005.
In the fourth quarter 2006, gross revenue increased to C$211.8 million from C$180.6 million in 2005, an increase of 17.3%. Net revenue increased 18.9% to C$180.6 million compared to C$151.9 million in the fourth quarter of 2005 and net income was up 95.7% to C$15.6 million compared to C$8.0 million. Diluted earnings per share were up 100.0% to C$0.34 compared to C$0.17 in the fourth quarter last year. The increase in net income and earnings per share is mainly due to the decrease in productivity levels in the fourth quarter of 2005 from the integration of over 1,000 new employees and system conversions related to The Keith Companies and Keen Engineering acquisitions. In the fourth quarter 2006 Stantec had no similar integrations. - In 2006 Stantec added three companies; the 20-person electrical engineering firm Carinci Burt Rogers Engineering, Inc. in Toronto, Ontario; Dufresne-Henry, a multidiscipline firm with over 270 employees and offices in New England, New York, and Florida; and ACEx Technologies, Inc., a 25-person firm specializing in transit, rail and power communications, and control systems engineering with offices in Oakland, California and Irving, Texas. In May of 2006, the Company also completed a two for one share split.
- “In our 53rd consecutive year of profitability I’m pleased to announce continued strong growth in our fourth quarter and annual results,” says Tony Franceschini, Stantec President & CEO. “This year we focused on integrating the approximately 1,400 employees we added to Stantec in 2005 and 2006 and the ongoing execution of our plan to become a top 10 global design firm.”
Stantec's advantage is the ability to use its diverse service offering and geographic reach and operate as one team throughout North America. For example, in 2006 the firm won acclaim for its sustainable design work in Vancouver, British Columbia on Southeast False Creek, a 36-hectare (80-acre) mixed-use "green" community being developed as the 2010 Olympic Athletes Village on a reclaimed industrial site in the inner city and is a pilot project for the LEED® New Community Standard. As leaders of the infrastructure design team, Stantec prepared the urban design and site servicing plan for the community, bringing together expertise in project management, urban design, and civil, structural, electrical, and mechanical engineering. The firm created innovative stormwater retention and bio-filtration systems, a district heating system recovering heat from sanitary sewers resulting in a zero net energy residential building, along with parks, plazas, waterfront walkways, roadways, and street lighting for the development. In Klickitat County, Washington, a Stantec team made up of employees from Portland, Oregon and Edmonton, Alberta are working for PPM Energy on the Big Horn Wind Project providing consulting and design services for the development of a 133-turbine wind farm. In Manitoba, Stantec's Buildings and Environment groups teamed up to serve as the prime consultant, providing all civil, mechanical, electrical, and structural engineering services as well as architecture and project management, for a major expansion of the South End Water Pollution Control Centre for the City of Winnipeg. “We have to give credit for our performance this year to our employees across North America and the Caribbean,” says Franceschini. “By working as one team we have been successful in winning projects and delivering effective solutions to our clients.” Stantec’s Annual Meeting of Shareholders will be held on May 3, 2007, at 1:00 PM EDT (11:00 AM MDT) at Stantec’s headquarters in Edmonton, Alberta, 10160 - 112 Street. The Q4/Year-End Conference Call, being held today at 4:00 PM EST (2:00 PM MST), will be broadcast live and archived in the Investor Relations section. Stantec, founded in 1954, provides professional design and consulting services in planning, engineering, architecture, surveying, and project management. 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 more than 6,000 employees operating out of over 80 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 | | 22 | | 2/9/2007 | Edmonton AB - TSX:STN; NYSE:SXC 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. Ivor Ruste has been appointed a Director of the Company effective February 21, 2007. Mr. Ruste is Vice President, Finance for EnCana Corporation headquartered in Calgary, Alberta. He has a Bachelor of Commerce (with distinction) from the University of Alberta and is a Fellow Chartered Accountant (FCA). From 1998 to 2006, he was the Managing Partner of the Edmonton office of KPMG LLP and just prior to joining EnCana in May 2006, was the Alberta Regional Managing Partner and Vice Chair of the KPMG Canada Board of Directors. Mr. Ruste currently serves on the Board of Governors for the University of Alberta and is Chair of the Audit Committee as well as a member of the Human Resources and Compensation Committee. Mr. Ruste has been active over the past 25 years in numerous other business, community, and professional activities. “Mr. Ruste is a respected member of Canada’s business community and Stantec’s Board of Directors is looking forward to the contributions he will make to our organization by bringing his financial expertise and business acumen to aid in the continuing success of Stantec,” says Ron Triffo, Stantec Chairman. Stantec, founded in 1954, provides professional design and consulting services in planning, engineering, architecture, surveying, and project management. 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 more than 6,000 employees operating out of over 80 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 | | 23 | | 1/12/2007 | EDMONTON AB; NEW YORK NY - TSX:STN; NYSE:SXC Stantec announced today it has signed a letter of intent to acquire Vollmer Associates LLP, a 650-person firm headquartered in New York City. Vollmer provides engineering, architecture, planning, landscape architecture, and survey services focused on the transportation sector, from offices throughout the northeast United States. The transaction is expected to close in April. “The addition of Vollmer Associates will be very strategic for Stantec” says Tony Franceschini, Stantec President & CEO. “It will significantly increase the size of our transportation practice, enhance our service offering in transportation particularly in specialized areas such as toll roads and major transit systems, and add critical mass to our US East operations with a major presence in New York City.” Stantec, with more than 6,000 employees and over 80 locations, is a North American firm providing professional design and consulting services in planning, engineering, architecture, surveying, and project management. In 2005, Vollmer Associates gross revenue was approximately US$80 million. “We’re excited about the prospect of joining Stantec and believe that this will offer many benefits to our staff and clients,” says Gerry Nielsten, Vollmer Managing Partner. “Our combined transportation practice will be more comprehensive with a broader geographic presence and access to more service specialists and experts. Our staff will have the opportunity to work on more diverse projects nationally, be supported by more robust technology systems and will enjoy greater career opportunities. Our clients will have access to a wider range of services and experts for their projects.” The Engineering News Record included Vollmer in the top 50 US transportation design firms in 2006. The firm has won many awards for its work including Project of the Year from the New York Construction News for the Columbus Circle Reconstruction in Manhattan, which reestablished the monument as one of Central Park’s four grand entrances. The company has also won awards for its work on the Hearst Office Tower (New York Construction News 2006 Project of the Year) and the Times Square Station Rehabilitation. For more information visit http://announcements.stantec.com/vollmer 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 6,000 employees operating out of over 80 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 | | 24 | | 11/3/2006 | EDMONTON AB - TSX:STN; NYSE:SXC - In the third quarter of 2006 gross revenue increased 43.9% to C$210.2 million compared to C$146.1 million for the same period in 2005. Net revenue increased 44.6% to C$182.0 million compared to C$125.9 million and net income was up 27.9% to C$16.5 million from C$12.8 million. Diluted earnings per share were up 12.5% to C$0.36 in the third quarter 2006 compared to C$0.32 in 2005. Earnings per share reflect an additional 5.9 million average number of shares outstanding compared to the third quarter of 2005.
- Year-to-date 2006 gross revenue increased 38.2% to C$604.3 million compared to C$437.4 million over the first nine months of 2005. Net revenue increased 41.5% to $527.3 million compared to C$372.7 million while net income increased 36.5% to C$44.6 million. Diluted earnings per share were up 16.9% to C$0.97 compared to C$0.83 for the same period in 2005.
"We’re pleased to announce continued strong performance in 2006," says Tony Franceschini, Stantec President & CEO. “In the third quarter we continued to execute our integration plan of our newest acquisitions completed over the past year and adding expertise in selected practice areas through strategic employee hires." Several projects awarded in the third quarter reflect the Company’s growing reputation in sustainable design. For example, in Vancouver, British Columbia, Stantec is leading the mechanical, electrical, and civil engineering design services for the Legacy project, a 570-bed acute care hospital and research facility located near downtown Vancouver. Scheduled for completion in 2016, the facility will be designed to provide an environment that will reduce hospital-acquired infections, decrease patient stay times, and improve staff retention along with achieving Leadership in Energy and Environmental Design (LEEDÒ) platinum-level certification. The Company was also awarded an assignment to participate in the development of Kapyong Barracks, a new community in Winnipeg, Manitoba, that is slated to achieve certification in LEEDÒ for Neighborhood Development, the first national standard for sustainable neighborhood design, complete with LEEDÒ-certified buildings. Stantec’s Buildings and Urban Land teams will be responsible for the master planning of 160 acres (65 hectares) of the site—a vacant, brownfield property in the city’s center—and for the architectural and interior design of the Presentation Centre for the development. In Whistler, British Columbia, Stantec has been chosen to design the upgrade of the Whistler Wastewater Treatment Plant from secondary treatment to advanced treatment that uses biological nutrient technology. The upgraded, 14-megalitre-per-day (3.7-million-US-gallon-per-day) plant will service the increased flows from the Olympic venues and future growth in the Whistler area. “The sharing of resources and expertise throughout North America and the teamwork our employees use across Stantec offices allows us to deliver solutions to our clients in a unique and sustainable way that provides a competitive advantage,” says Franceschini. “The hard work of our employees across the Company is helping to ensure we will collectively meet our goal of becoming a top 10 global design firm.” The third quarter Conference Call, to be held today at 4:00 PM EST (2:00 PM MST), will be broadcast live and archived in the Investor Relations section. Stantec, founded in 1954, provides professional design and consulting services in planning, engineering, architecture, surveying, and project management. 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 more than 6,000 employees operating out of over 80 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 | | 25 | | 8/3/2006 | Edmonton AB - TSX:STN; NYSE:SXC - Gross revenue increased 39.1% to C$208.8 million compared to C$150.2 million in the second quarter of 2005. Net revenue increased 42.7% to C$182.2 million from C$127.7 million, while net income was up 28.0% to C$16.7 million compared to C$13.1 million. Diluted earnings per share were C$0.36 in the second quarter of 2006 compared to C$0.34 the same period last year, representing an increase of 5.9%. In the second quarter of 2005 Stantec changed its method of estimating doubtful accounts receivable. This resulted in a $4.0 million ($0.07 per share) positive adjustment to income in the second quarter last year. Excluding the effect of this 2005 adjustment, the increase in net income for the second quarter of 2006 would have been 59.8%, while diluted earnings per share would have increased 33.3% quarter-to-quarter.
- Year-to-date 2006 gross revenue increased 35.3% to C$394.1 million compared to C$291.3 million in the same period of 2005, while net revenue increased 39.9% to C$345.3 million from C$246.8 million. Net income increased 42.1% to C$28.1 million from C$19.8 million. Diluted EPS were up 19.6% to $0.61 from $0.51. Excluding the positive effect of the $4.0 million adjustment to our earnings made in the second quarter of 2005, the increase in net income year to date would have been 63.6% compared to the same period in 2005, while diluted earnings per share would have increased 38.6% year to date.
- During the second quarter, Stantec completed a 2-for-1 share split, announced the renewal of its Normal Course Issuer Bid, and was included on the S&P/TSX Composite Index, the premier indicator of market activity for the Toronto Stock Exchange.
- Stantec announced the acquisition of Dufresne-Henry in April, adding about 270 employees to the US East region, primarily in New England. Stantec also acquired Oakland, California based ACEx Technologies, a 25-person firm specializing in transit, rail, and power communications, and control systems engineering.
"We are pleased to report strong results in a second quarter where most of our regions and practice areas performed well," says Tony Franceschini, Stantec President & CEO. "Overall, we had strong performance in our Canadian and US West operations and we saw improvement in the US East. This performance reflects, in part, the successful integration of our 2005 acquisitions as well as the addition of Dufresne-Henry at the beginning of this quarter." Stantec's second quarter project activity in the Transportation area illustrates the positive impact of the signing of the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users, which has increased US federal funding for transportation projects. The Company was awarded several new contracts including one with the New York State Department of Transportation where Stantec is part of a team designing the upgrading of 4 miles (6.44 kilometres) of U.S. Route 15 from a two-lane roadway to a full, limited-access freeway in Steuben County, New York. The Infrastructure Management & Pavement Engineering team secured an assignment to provide a pavement management software system for the City of Albuquerque, New Mexico, along with conducting a pavement performance survey using Stantec's RT-3000 Road Tester. Stantec's pavement performance expertise will also be used to assist the public works department of Jefferson Parish, Louisiana, in its analysis of the impact of Hurricane Katrina on local infrastructure. The Company will be responsible for providing an inventory of the pavement performance and drainage conditions of the parish's entire street network. "Our employees are truly working as one team to offer infinite solutions and to successfully integrate new acquisitions. Staff who have joined us, including those from recent acquisitions, are enjoying success by making use of the additional resources available to them as a result of being a part of Stantec," says Franceschini. "It is because of all their efforts that Stantec has been able to produce consistently strong quarterly and annual results." The second 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, founded in 1954, provides professional design and consulting services in planning, engineering, architecture, surveying, and project management. 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 more than 6,000 employees operating out of over 80 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 | | 26 | | 11/4/2005 | EDMONTON AB - TSX:STN; NYSE:SXC Tony Franceschini, Stantec President & CEO, will be hosting an Investor Day on Friday, November 4, 2005. Tony and other executives will be making presentations to the attendees discussing Stantec’s operations, in particular the California market where the Company recently added a significant presence with the acquisition of The Keith Companies. The presentations will be webcast live from Irvine, California at 1:00 PM EST (10:00 AM PST). To listen to the event, visit Stantec’s web site at www.stantec.com, go to the Investor Relations section and click on the Presentations and Events link. Alternatively, use the link below: http://www.stantec.com/ir/presentations.htm The presentations will be broadcast live and archived on www.stantec.com. Stantec, founded in 1954, provides professional design and consulting services in planning, engineering, architecture, surveying, and project management. 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 more than 5,500 employees operating out of over 60 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. | | System Account | System Account | | 27 | | 11/3/2005 | EDMONTON AB - TSX:STN; NYSE:SXC - Gross revenue for the quarter increased 4.5% to C$146.1 million compared to C$139.8 million in the third quarter of 2004. Net revenue was up 5.1% to C$125.9 million from C$119.8 million. Net income increased 51.2% to C$12.8 million from C$8.5 million and basic earnings per share were up 43.5% to C$0.66 compared to C$0.46 for the same period last year.
- Year to date gross revenue was up 11.0% to C$437.4 million from C$393.9 million in the third quarter of last year. Net revenue increased 8.9% to C$372.7 million compared to C$342.1 million. Net income increased 58.5% to C$32.6 million from C$20.6 million and basic earnings per share were up 52.7% to C$1.71 compared to C$1.12.
- Stantec completed the acquisitions of Irvine, California based The Keith Companies and CPV Architects of Calgary, Alberta in the third quarter, and acquired Keen Engineering in early October. Stantec also announced a new C$160 million credit facility and began trading on the New York Stock Exchange.
Several factors contributed to the strong performance in the quarter, in particular there was an increase in gross margins of 4.6% compared to the same quarter in 2004. Gross margins are influenced by the type and mix of projects in progress. The Company expects there will continue to be positive and negative fluctuations in the reported gross margins as a result of changes in our service mix over the next year. During the third quarter, Stantec conducted an annual goodwill impairment review. An independent third party was contracted to perform a valuation of the goodwill of the Company’s operations in the US Southeast. The review concluded that there was no impairment of goodwill. “The third quarter of 2005 was one of the most exciting periods for Stantec since I became CEO,” says Tony Franceschini, Stantec President & CEO. “We achieved major milestones by listing on the New York Stock Exchange and completing the acquisition of The Keith Companies, the largest in our history. We also recently added two highly respected firms in the building practice, CPV Architects and Keen Engineering, making Stantec a premier sustainable building design firm in North America.” In the third quarter Stantec was awarded a number of contracts that reflect the Company’s evolving range of professional services. For example, Stantec has been retained to provide full interior design services for the renovation of a Harley-Davidson retail outlet in Prince George, British Columbia. This is the first assignment in a series of updates and expansions to be completed for Deeley Harley-Davidson Canada for whom Stantec has been appointed a national service provider. In Cornelius, North Carolina, Stantec is preparing the master plan as well as providing architecture, water quality design, buildings engineering, and civil engineering for Cornelius Town Center, a mixed-use community comprising 1,100 residential units and 40 acres of commercial space that will be the city’s new downtown. The Company is also involved in the detailed design and operation monitoring of a sustainable landfill biocell at the Shepard Waste Management Facility in Calgary, Alberta. The Environmental Infrastructure group has designed the biocell to function in a three-phase cycle that maximizes the biodegradation of waste materials, collects and re-circulates leachate, and collects landfill gas for energy recovery. In Vancouver, British Columbia, Stantec’s professionals are using a unique sustainable approach in preparing the urban design and site servicing plan for the Southeast False Creek community, the future home of the Athlete’s Village for the 2010 Winter Olympics. This is a LEED®--targeted project, to be developed on a 36-hectare (80-acre) reclaimed brownfield site near downtown Vancouver. “Our project activity in this quarter demonstrates Stantec’s comprehensive service offering and the diverse expertise of our professionals,” adds Franceschini. “I’m proud to lead such a strong network of employees who continue to work as one team to deliver results for our clients and our Company.” The Conference Call to discuss the third quarter results, being held today at 4:00 PM EST (2:00 PM MST), will be broadcast live and archived on Stantec’s web site at stantec.com in the Investor Relations section. Stantec, founded in 1954, provides professional design and consulting services in planning, engineering, architecture, surveying, and project management. 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 more than 5,500 employees operating out of over 60 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 SXC. Cautionary note regarding forward-looking statements This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Some of these statements may involve risks and uncertainties. Actual results may 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 Securities and Exchange Commission. | | System Account | System Account | | 28 | | 10/3/2005 | Edmonton AB, Vancouver, BC - TSX: STN; NYSE SXC Stantec significantly increased its buildings engineering and sustainable design capabilities today by completing the acquisition of Keen Engineering (Keen). Keen—with approximately 275 employees and 12 offices (10 in Canada and two offices in the United States)—is considered to be one of the leading sustainable building systems design firms in North America. “We’re very pleased to have the talented and entrepreneurial group from Keen join the Stantec family,” says Tony Franceschini, Stantec President & CEO. “The combination of Keen and Stantec makes up one of North America’s largest sustainable design teams with over 280 LEED® Accredited professionals.” Keen is a progressive consulting engineering firm specializing in sustainable mechanical, electrical, and plumbing design for buildings and facilities. The company is one of the leaders and advocates of the green building design movement throughout North America. Keen has provided professional services for over 45 years and has offices in Vancouver, Victoria, Abbotsford, Kamloops, and Kelowna, British Columbia; Calgary and Edmonton, Alberta; Toronto and Ottawa, Ontario; Montreal, Quebec; Seattle, Washington; and San Francisco, California. “By joining Stantec, we now have one of the largest integrated buildings design teams in North America,” says Kevin Hydes, Keen President & CEO, who will continue with Stantec as Vice President. “With this group of experts and more robust financial and technical resources we will be able to promote sustainable building design to more clients across North America and make a positive impact on our environment by creating buildings that are environmentally responsible, profitable, and healthy places to live and work.” Stantec and Keen have worked together on a number of design projects including the Vancouver International Airport and the Winnipeg International Airport as well as University of Toronto’s Scarborough Student Centre in Scarborough, Ontario, and the Vancouver General Hospital. Kevin Hydes is the current Chair of the US Green Building Council and founder of the Canadian Green Building Council. About LEED® The LEED (Leadership in Energy and Environmental Design) Green Building Rating System® is a voluntary, consensus-based national standard for developing high-performance, sustainable buildings. The LEED® system was developed by the US Green Building Council (USGBC) which is a coalition of leaders from across the building industry working to promote sustainable buildings. The Canadian Green Building Council (CaGBC) offers LEED® Accreditation for professionals and LEED® certification for buildings and facilities in Canada. LEED® Accredited professionals have passed a rigorous exam that tests their knowledge of green building design and sustainable building practices and are recognized by the USGBC and CaGBC. For more information visit http://announcements.stantec.com/keen Stantec, founded in 1954, provides professional design and consulting services in planning, engineering, architecture, surveying, and project management. 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 more than 5,500 employees operating out of over 60 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.
| | System Account | System Account | | 29 | | 5/29/2006 | Edmonton, AB - TSX: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 2,258,754 of its common shares, representing approximately 5% of the shares. Stantec had a total of 45,175,084 common shares outstanding as at May 23, 2006. The purchases may commence on June 1, 2006, and will terminate on May 31, 2007 or on such earlier date as Stantec may complete its purchases pursuant to the Notice of Intention. Stantec will make the purchases 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 will make no purchases of common shares other than open-market purchases. 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 15, 2006, pursuant to its normal course issuer bid in place since June 1, 2005, Stantec has not purchased any Common Shares. Stantec, founded in 1954, provides professional design and consulting services in planning, engineering, architecture, surveying, and project management. 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 more than 6,000 employees operating out of over 80 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 | | 30 | | 5/15/2006 | Edmonton, AB - TSX:STN; NYSE:SXC Stantec announced today that it has completed the acquisition of communications system engineering firm ACEx Technologies, Inc. ACEx is a 25-person firm specializing in transit, rail and power communications, and control systems engineering. This acquisition will add new locations for Stantec in Oakland, California, and Irving, Texas. ACEx has provided systems engineering expertise for the development of many light rail transit (LRT) systems in the western United States, as well as supervisory control and data acquisition (SCADA) and other control systems for power utility authorities. In addition, ACEx has recently started providing engineering services for the design of airport security systems. “Acquiring ACEx helps to broaden our service offerings,” says Stantec President & CEO Tony Franceschini. “ACEx’s expertise and leadership in control and communication systems engineering are in the top tier and are complementary to the services we provide in several of our practice areas.” Since 1979 ACEx Technologies, Inc. has been a leader in the communications solutions field with a specialization in light rail transit. Transit clients that ACEx has provided engineering services for include Bay Area Rapid Transit system (BART), Santa Clara Valley Transportation Authority (VTA), Caltrain in the San Francisco Bay Area; Tri-Met in Portland, Oregon; Dallas Area Rapid Transit (DART); Sound Transit in Seattle, Washington; Los Angeles County Metropolitan Transportation Authority (LACMTA) in Los Angeles, California; Metro in St. Louis, Missouri; Hiawatha LRT in Minneapolis, Minnesota; and Metropolitan Transit Development Board (MTDB) in San Diego, California. “Joining with Stantec is a wonderful opportunity for our employees and clients,” says Raymond Louis, President, ACEx Technologies, Inc. “With Stantec’s North American reach, we will have the ability to apply our expertise in exciting projects across the continent.” For more information please visit: http://announcements.stantec.com/acex Stantec, founded in 1954, provides professional design and consulting services in planning, engineering, architecture, surveying, and project management. 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 more than 6,000 employees operating out of over 80 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" within the meaning of the Private Securities Litigation Reform Act of 1995. Some of these statements may involve risks and uncertainties. Actual results may 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 Securities and Exchange Commission. | | System Account | System Account | | 31 | | 9/20/2005 | EDMONTON AB - TSX:STN; NYSE:SXC Stantec Inc. (TSX:STN; NYSE:SXC) has been informed by Computershare Trust Company of New York, the exchange agent in connection with Stantec’s acquisition of The Keith Companies, Inc. (TKC), that final results of the merger consideration elections by former shareholders of TKC are as follows: - Mixed Consideration: Valid elections to receive mixed consideration of US$11.00 and 0.4053 Stantec common shares were made with respect to 4,537,183.73 shares of TKC common stock. This includes 880,820.12 shares for which no election was made, but which pursuant to the merger agreement, were deemed to have elected mixed consideration.
- Stock Consideration: Valid elections to receive 0.7558 Stantec common shares for each share of TKC common stock were made with respect to 957,167.32 shares of TKC common stock; and
- Cash Consideration: Valid elections to receive US$23.7175 in cash for each share of TKC common stock were made with respect to 2,719,715.95 shares of TKC common stock.
The stock consideration election and cash consideration were subject to proration calculations so that, in the aggregate, Stantec issued approximately 3,328,776 common shares and paid about US$90,359,929 in cash to former TKC shareholders. Based on these final results of the elections, the merger consideration to be paid to former TKC shareholders is as follows: - Mixed Consideration: Former TKC shareholders who validly elected mixed consideration or made no election will receive US$11.00 and 0.4053 Stantec common shares for each share of TKC common stock.
- Stock Consideration: Former TKC shareholders who validly elected to receive stock consideration will receive 0.7558 Stantec common shares for each share of TKC common stock.
- Cash Consideration: Former TKC shareholders who validly elected cash consideration will receive (1) US$14.87 in cash and (2) 0.2819 Stantec common shares for each share of TKC common stock.
Pursuant to the merger agreement fractional shares of Stantec common shares will not be issued. In lieu thereof, former TKC shareholders with fractional share interest of Stantec common shares will receive cash for their fractional share interest based on US$31.3805 per Stantec common share. Stantec, founded in 1954, provides professional design and consulting services in planning, engineering, architecture, surveying, and project management. 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 more than 5,000 employees operating out of over 60 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.
| | System Account | System Account | | 32 | | 5/4/2006 | Edmonton AB - TSX:STN; NYSE:SXC - For the quarter ended March 31, 2006 gross revenue increased 31.3% to C$185.3 million compared to C$141.1 million in the first quarter of 2005. Net revenue increased 36.9% to C$163.1 million from C$119.1 million while net income was up 69.5% to C$11.4 million compared to C$6.7 million. Diluted earnings per share were C$0.50 in the first quarter of 2006 compared to C$0.35 the same period last year, an increase of 42.9%.
- Stantec completed the acquisition of Carinci Burt Rogers Engineering of Toronto, Ontario adding a strong electrical engineering component to Stantec’s presence in the Greater Toronto Area. The Company also announced the acquisition of Dufresne-Henry, which added 270 employees and 12 office locations in the New England states, New York, and Florida. That acquisition was completed at the beginning of the second quarter.
“I’m pleased to announce a good start to 2006 with record earnings,” says Tony Franceschini, Stantec President & CEO. “Most of our practice areas and regions are performing well, in particular our Canadian operations are strong and we’ve had good performance in the US West.” Project awards during the quarter showcased Stantec’s growing involvement in sustainable development, particularly in the Buildings and Environment areas. In Calgary, Alberta, the Buildings Engineering team secured a contract to provide mechanical and electrical engineering design services for the development of two LEED® Platinum projects, the Calgary Campus Digital Library and the Institute for Sustainable Energy, Environment and Economy at the University of Calgary. In Vancouver, British Columbia, Stantec is providing mechanical and electrical engineering along with energy modeling and sustainable design consulting services for the development of the Centre for Interactive Research on Sustainability. The design goal for this project is to create a facility that is a net producer of water and energy, treats all its waste on site, and is greenhouse gas emission neutral. Stantec’s Environment group began work on the development of the High Sheldon Wind Farm in Sheldon, New York, where the Company is contributing its expertise in environmental review and technical consulting. In addition to an environmental impact analysis, the project will involve the coordination of public consultations with local municipalities. “The first quarter was productive for Stantec, bringing new and exciting developments on several fronts,” adds Franceschini. “Our success this quarter is a direct result of the hard work of our employees and their passion and dedication continues to propel us towards our goal of being a top 10 global design firm.” Stantec’s Annual Meeting of Shareholders is being held today at 1:00 PM EDT (11:00 AM MDT) at Stantec’s head office in Edmonton, Alberta, 10160 – 112 Street. The first quarter Conference Call, to be held today at 4:00 PM EDT (2:00 PM MDT), will be broadcast live and archived on the web site in the Investor Relations section. Stantec, founded in 1954, provides professional design and consulting services in planning, engineering, architecture, surveying, and project management. 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 more than 6,000 employees operating out of over 80 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 | | 33 | | 5/4/2006 | Edmonton AB - TSX:STN; NYSE:SXC Stantec announced today that its shareholders have approved a two-for-one split of the Company’s common shares and an increase in the number of common shares authorized from approximately 22.6 million to 45.1 million. The share split is subject to the receipt of all required regulatory approvals. Each shareholder of record at the close of business on May 19, 2006 will receive one additional share for every outstanding share held on the record date. Pursuant to the rules of the Toronto Stock Exchange (TSX), Stantec's common shares will commence trading on a subdivided basis at the opening of business on May 17, 2006. Also on May 17, 2006, Stantec's common shares listed on the New York Stock Exchange (NYSE) will commence trading with rights entitling holders to an additional common share for each common share held upon the commencement of trading of the common shares on a subdivided basis on the NYSE. The trading of the common shares on a subdivided basis on the NYSE will occur one day after the delivery of share certificates to registered holders of Stantec's common shares. It is anticipated that share certificates representing the additional common shares resulting from the share split will be mailed to registered common shareholders on or about May 30, 2006. The share split is Stantec’s second, the first was in May 2002. Stantec began trading publicly on the TSX in 1994 and the NYSE in 2005. Stantec, founded in 1954, provides professional design and consulting services in planning, engineering, architecture, surveying, and project management. 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 more than 6,000 employees operating out of over 80 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 | | 34 | | 4/17/2006 | Edmonton, AB; North Springfield, VT - TSX:STN; NYSE:SXC Stantec successfully closed today the previously announced acquisition of multidiscipline design firm Dufresne-Henry. The addition adds over 270 employees and 12 office locations to Stantec in the New England states, New York, and Florida. “Dufresne-Henry strengthens our operations in the US East creating a new region in New England and an initial platform for future growth in Florida,” says Tony Franceschini, Stantec President & CEO. “This addition also increases our service offering in the public sector in the environment and transportation markets.” Founded in 1955 and headquartered in North Springfield, Vermont, Dufresne-Henry offers a full range of professional services in engineering, planning, environmental science, and landscape architecture. Stantec now has more than 50 offices in 21 states and approximately 2,300 employees in the United States. “This is an exciting time for our employees as we become part of Stantec,” says Dufresne-Henry President & CEO Rich Allen who will continue with Stantec as Sr. Vice President, US East. “We are now part of a North American firm with an extensive network of experts enabling us to provide a wider range of services to our clients.” Stantec is completing the purchase using a combination of cash and vendor notes. In 2005, Dufresne-Henry’s gross revenue was approximately US$30 million. For more information visit http://announcements.stantec.com/dufresne-henry Stantec, founded in 1954, provides professional design and consulting services in planning, engineering, architecture, surveying, and project management. 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 more than 5,500 employees operating out of over 80 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 news 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 | | 35 | | 4/1/2006 | Company’s Board of Directors approves a two for one stock split Edmonton AB - TSX:STN; NYSE:SXC Stantec has filed its 2005 Annual Information Form, Annual Report, Audited Annual Financial Statements and related Management’s Discussion and Analysis, and Notice of Annual and Special Meeting of Shareholders & Management Information Circular with Canadian Securities Administrators and the United States Securities Exchange Commission (SEC). These documents are available on www.sedar.com and on www.sec.gov from Edgar. Stantec will hold its Annual & Special Meeting of Shareholders on May 4, 2006, at 1:00 PM EST (11:00 AM MST) at Stantec’s headquarters in Edmonton, Alberta, 10160-112th Street. Stantec’s Board of Directors proposes two special resolutions to be voted on by shareholders. One is an amendment of the Employee Share Option Plan setting the number of Common Shares reserved for issuance under that plan at a number equal to 10% of Stantec’s issued and outstanding Common Shares. Stantec believes this change will ensure that additional stock options are available as part of Stantec’s compensation structure to attract, retain and motivate key individuals. Stantec’s Board of Directors also proposes a two (2) for one (1) stock split to increase the total number of outstanding Common Shares. The Company believes a two for one stock split will enhance the liquidity and marketability of the Common Shares and make the Common Shares accessible to a wider range of investors. The subdivision of shares would result in an increase in the number of shares to approximately 45.1 million from about 22.6 million (based on Stantec’s outstanding number of shares on March 15, 2006). The share split and amendment to the Employee Share Option Plan are both subject to regulatory approval and to the approval of shareholders at the Annual & Special Meeting. Stantec, founded in 1954, provides professional design and consulting services in planning, engineering, architecture, surveying, and project management. 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 more than 5,500 employees operating out of over 60 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 | | 36 | | 3/6/2006 | Edmonton AB; Toronto ON - TSX:STN; NYSE:SXC Stantec announced today it has completed the acquisition of electrical engineering consulting firm Carinci Burt Rogers Engineering, Inc of Toronto (CBR). CBR adds over 20 employees and a strong electrical engineering component to Stantec’s presence in the Greater Toronto Area. “We’re pleased to have CBR, a leading electrical engineering firm, join Stantec in Toronto,” says Stantec President & CEO, Tony Franceschini. “The addition of CBR builds on our growing presence in the GTA and their impressive resume of electrical engineering projects bolsters our buildings engineering and design capabilities.” CBR’s illumination experience spans all categories of projects including commercial, industrial, institutional, residential, and recreational buildings and facilities. Some of the firm’s high profile projects include work on the Ontario Association of Architects headquarters in North York, Ontario, the Art Gallery of Ontario, the National Trade Centre, and the Hockey Hall of Fame in Toronto. Other recent projects include electrical engineering work on the William Osler Health Centre, the new facility for The Royal Ottawa Health Centre Group, The Accolade Project at York University, and numerous projects at the University of Ontario Institute of Technology. “Joining Stantec gives us the ability to tap into a wealth of expertise and technical resources,” says Fred Carinci, CBR President. “Stantec’s North American network of professionals and support staff will help us better serve our clients and create career advancement opportunities for our employees.” Fred Carinci and Corrie Burt, CBR Chairman, will both continue with Stantec providing leadership within Toronto’s Buildings Engineering group. Stantec now has more than 400 staff in the GTA. CBR staff will continue to operate out of their current location in Toronto. Stantec, founded in 1954, provides professional design and consulting services in planning, engineering, architecture, surveying, and project management. 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 more than 5,500 employees operating out of over 60 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" within the meaning of the Private Securities Litigation Reform Act of 1995. Some of these statements may involve risks and uncertainties. Actual results may 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 Securities and Exchange Commission. | | System Account | System Account | | 37 | | 2/23/2006 | Edmonton AB - TSX:STN; NYSE:SXC - In 2005, Stantec generated gross revenue of C$618.0 million, an 18.6% increase from C$520.9 million last year. Net income increased 34.6% to C$40.6 million from C$30.2 million. Basic earnings per share were 25.2% higher at C$2.04 compared to C$1.63 in 2004.
- In the fourth quarter 2005, gross revenue increased to C$180.6 million from C$127.0 million in 2004. Net income was C$8.0 million compared to C$9.6 million in 2004. Basic earnings per share were C$0.36 compared to C$0.52 in the fourth quarter last year. The decrease in net income and earnings per share is due to several factors:
- Increase in effective income tax rate from 26.1% in Q4 2004 to 35.0% in Q4 2005
- Integration and system conversion of The Keith Companies and Keen Engineering including training of over 1,000 staff on the use of new systems and processes
- Amortization of intangible assets related to the three acquisitions completed during the year
- Captive insurance potential claims provisions
- An additional 3.3 million shares issued as part of The Keith Companies transaction
- In 2005 Stantec added three companies; CPV Architects of Calgary, Alberta; The Keith Companies headquartered in Irvine, California; and Keen Engineering headquartered in Vancouver, British Columbia. These acquisitions brought over 1,000 employees to Stantec through the year. The Company also listed its shares on the New York Stock Exchange under the symbol SXC and reached an agreement with a syndicate of financial institutions for a new C$160 million credit facility.
“I’m pleased to report another year of excellent performance and the 52nd consecutive year of profitability for Stantec,” says Tony Franceschini, Stantec President & CEO. “Our focus has always been on long term earnings and revenue growth and once again we were able to achieve record results through 2005, one of the most active years in our history.” Stantec’s evolution has given the Company great depth and breadth of services and project activity through 2005 reflected that growth. For example, the Transportation group is part of a consortium providing design services for the development of the southeast leg of Anthony Henday Drive—Edmonton, Alberta’s ring road—including 11km (6.84 miles) of freeway along with 25 road structures. This project followed the completion of previous assignments by Stantec early on in the design of the ring road. Similarly, in Ottawa, Ontario, the Company completed an environmental assessment and the detailed design of a major roadway rehabilitation for Perth Street and later in the year Stantec was awarded the construction administration services portion of the project which includes civil engineering, landscape architecture, and survey services. In California, Stantec is working on a multi-million dollar contract for the engineering design, program and project management of the eastern portion of the New Model Colony, located in Ontario. The New Model Colony is comprised of approximately 7,676 acres (3,106 hectares) consisting of 30 planning areas. Stantec will provide professional engineering and consulting services for the backbone infrastructure on over 12 of the 30 areas covering approximately 3,500 acres (1,416 hectares). These facilities will include 34 miles (54.7 km) of arterial streets, water and recycled water mains, sewers, storm drains, and dry utilities. “We reached a number of milestones in 2005 including the addition of The Keith Companies, our largest acquisition ever, and listing on the New York Stock Exchange,” says Franceschini. “I want to thank Stantec employees for their energy and talent that contributed to our success this year and won many great projects for the Company across North America and the Caribbean.” Stantec’s Annual & Special Meeting of Shareholders will be held on May 4, 2006, at 1:00 PM EST (11:00 AM MST) at Stantec’s headquarters in Edmonton, Alberta, 10160-112th Street. The Q4/Year-End Conference Call, being held today at 4:00 PM EST (2:00 PM MST), will be broadcast live and archived on Stantec’s web site at stantec.com in the Investor Relations section. Stantec, founded in 1954, provides professional design and consulting services in planning, engineering, architecture, surveying, and project management. 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 more than 5,500 employees operating out of over 60 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" within the meaning of the Private Securities Litigation Reform Act of 1995. Some of these statements may involve risks and uncertainties. Actual results may 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 Securities and Exchange Commission. | | System Account | System Account | | 38 | | 9/15/2005 | EDMONTON AB, IRVINE CA - TSX:STN, NYSE:SXC Stantec (TSX:STN; NYSE:SXC) announced today that shareholders of The Keith Companies, Inc. (TKC) approved the merger agreement between Stantec and TKC and that Stantec has completed the acquisition of TKC. As a result, TKC stock (NASDAQ:TKCI) will cease trading on the Nasdaq stock exchange at the close of markets today. “We’re pleased to welcome TKC’s employees, clients, and shareholders to the Stantec family,” says Tony Franceschini, Stantec President & CEO. “Our new presence in California makes Stantec a leading urban land development services group in the region and offers many opportunities to use this local base to offer and sell our public sector services in the transportation and environment areas within one of the largest markets in North America.” The addition of TKC to Stantec significantly strengthens the Company’s presence in the United States by adding approximately 850 employees in 10 locations throughout California and other offices in Portland, Oregon; Las Vegas, Nevada; Phoenix, Arizona; Houston, Texas; Salt Lake City, Utah; and Ann Arbor, Michigan. Stantec provides professional design and consulting services in planning, engineering, architecture, surveying, and project management and now has over 5,000 employees in more than 60 locations throughout North America. “This is an exciting time for our company,” says Aram Keith, TKC Chairman & CEO, who will be joining Stantec’s board of directors. “We will be able to offer our clients a wider array of services in all our locations, and our employees will gain access to more robust financial and technological resources and can take advantage of the career development opportunities available in a large North American enterprise.” Summary of the transaction - Stantec began trading on the New York Stock Exchange under the symbol SXC on August 5, 2005
- 99% of shareholders who voted, were in favor of the merger
- In total, Stantec issued about 3,387,857 common shares and paid approximately US$90,357,209 in cash to former TKC shareholders, which represents a total merger consideration of approximately C$232,307,000 (US$196,670,000)
- For each share of TKC stock, TKC shareholders who elected
- Mixed Consideration will receive US$11.00 and 0.4053 Stantec common shares
- Stock Consideration will receive 0.7558 Stantec common shares, subject to pro ration
- Cash Consideration will receive US$23.7175 in cash, subject to pro ration (Stantec will announce the results of TKC shareholder elections and any pro ration with respect to Stock Consideration and Cash Consideration when available)
- Aram Keith, TKC Chairman & CEO, will become a member of Stantec’s board of directors
- All TKC offices will operate under the single-brand identity of Stantec
- For more information visit www.stantec.com/keithco
About The Keith Companies TKC, headquartered in Irvine, California, is a multidiscipline engineering and consulting services company. With approximately 850 staff, TKC has provided a wide spectrum of skilled resources for over 20 years, including land planning, engineering, surveying, mapping, environmental studies, and water and cultural resources. Additionally, TKC provides mechanical, electrical, chemical, power/energy engineering, and other industrial engineering services to design and improve the efficiency and reliability of automated and manufacturing processes, production lines, and fire protection systems. TKC benefits from a diverse public and private client base varying from residential and commercial real estate projects to institutional, manufacturing, and processing facilities. About Stantec Stantec, founded in 1954, provides professional design and consulting services in planning, engineering, architecture, surveying, and project management. 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 more than 5,000 employees operating out of over 60 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" within the meaning of the Private Securities Litigation Reform Act of 1995. Some of these statements may involve risks and uncertainties. Actual results may 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 Securities and Exchange.
| | System Account | System Account | | 39 | | 2/15/2006 | EDMONTON AB, NORTH SPRINGFIELD VT - TSX:STN;NYSE:SXC Stantec announced today it has signed a letter of intent to acquire the multidiscipline design firm Dufresne-Henry, headquartered in North Springfield, Vermont. Dufresne-Henry has over 275 employees and 16 offices located in the northeastern United States and Florida. The firms expect to complete the transaction in late April subject to customary conditions and upon completion of satisfactory due diligence. “We’re looking forward to the prospect of having Dufresne-Henry join with Stantec,” says Tony Franceschini, Stantec President & CEO. “The addition of Dufresne-Henry will give us a strong foothold in the New England states, complement our New York operations, and establish an initial platform for growth in Florida.” Dufresne-Henry offers a full range of professional services in engineering, planning, environmental science, and landscape architecture services. In particular, the firm focuses on public sector projects in the environment and transportation markets. Stantec intends to make the purchase using a combination of cash and notes. In 2005, Dufresne-Henry’s gross revenue was approximately US$30 million. “As a part of Stantec we will be able to take advantage of more extensive staff and technological resources to better compete in our marketplaces for the best jobs for the best clients,” says Dufresne-Henry President & CEO Rich Allen. “Joining Stantec will also create career opportunities for our staff while giving them the chance to work on projects throughout North America. Our clients will benefit with the ability to access a continent-wide network of experts to work on their local and national projects.” Founded in 1955, Dufresne-Henry has grown into a multidiscipline firm with offices in North Springfield, Montpelier, and South Burlington, Vermont; Portland and Presque Isle, Maine; Boston, Northampton, and Westford, Massachusetts; Manchester, New Hampshire; Newburgh, Pawling, Rochester, and Saratoga Springs, New York; and Sarasota, St. Cloud, and Port Charlotte, Florida. For more information visit http://announcements.stantec.com/dufresne-henry Stantec, founded in 1954, provides professional design and consulting services in planning, engineering, architecture, surveying, and project management. 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 more than 5,500 employees operating out of over 60 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" within the meaning of the Private Securities Litigation Reform Act of 1995. Some of these statements may involve risks and uncertainties. Actual results may 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 Securities and Exchange Commission. | | System Account | System Account | | 40 | | 9/1/2005 | EDMONTON AB - TSX: STN; NYSE SXC Stantec announced today that the Company has reached an agreement on a CDN$160 million credit facility. The arrangement is a revolving, three-year credit facility and is available for acquisitions, for working capital, and for general corporate purposes. It will also be used to finance part of the acquisition of The Keith Companies Inc. (TKC), the closing of which is scheduled for September 15, 2005, subject to approval of TKC shareholders. “The credit arrangement reflects Stantec’s valued status in the financial community,” says Don Wilson, Stantec Vice President & CFO. “This financing provides Stantec with the flexibility to continue to achieve our growth plan to be a top 10 global design firm.” 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 and arranger; Bank of Nova Scotia, as syndication agent; Alberta Treasury Branches; and Canadian Western Bank. Stantec, founded in 1954, provides professional design and consulting services in planning, engineering, architecture, surveying, and project management. 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 more than 4,500 employees operating out of over 50 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.
| | System Account | System Account | | 41 | | 8/26/2005 | EDMONTON AB - TSX:STN; NYSE:SXC Stantec announced today that Keen Engineering (Keen) has signed a letter of intent to join with Stantec. Keen—headquartered in Vancouver, British Columbia with approximately 275 employees and 10 offices in Canada and two in the United States—is considered to be one of the leading sustainable building systems design firms in North America. The transaction is expected to close in October. “The addition of Keen is an important step in the evolution of Stantec’s sustainable design capabilities,” says Tony Franceschini, Stantec President & CEO. “When Keen’s 163 LEED® accredited professionals are combined with our existing capabilities in building systems as well as architecture, interior design and other related services, Stantec will have one of the largest sustainable design teams in North America with over 280 LEED® accredited professionals.” Keen is a progressive consulting engineering firm specializing in sustainable mechanical, electrical, and plumbing design for buildings and facilities. The company is one of the leaders and advocates of the green building design movement throughout North America. Keen has provided professional services for over 45 years and has offices in Vancouver, Victoria, Abbotsford, Kamloops, and Kelowna, British Columbia; Calgary and Edmonton, Alberta; Toronto and Ottawa, Ontario; Montreal, Quebec; Seattle, Washington; and San Francisco, California. “Joining Stantec will accelerate our vision of being a top-tier integrated building design firm promoting sustainable development,” says Kevin Hydes, Keen President & CEO. “As a part of Stantec we will have access to resources that will immediately allow us to enhance the depth and breadth of services provided to our clients.” Stantec and Keen have worked together on a number of design projects including the Vancouver International Airport and the Winnipeg International Airport. For more information visit http://announcements.stantec.com/keen Stantec, founded in 1954, provides professional design and consulting services in planning, engineering, architecture, surveying, and project management. 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 more than 4,500 employees operating out of over 50 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.
| | System Account | System Account | | 42 | | 8/18/2005 | EDMONTON AB, IRVINE CA - NYSE: SXC, TSX: STN Stantec Inc. (NYSE: SXC, TSX: STN) and The Keith Companies Inc. (Nasdaq: TKCI) today announced that the U.S. Securities and Exchange Commission has declared effective Stantec’s registration statement on Form F-4 relating to the proposed merger of the two companies. The Keith Companies Inc. will hold a special meeting of its shareholders on September 15, 2005 on the proposed merger. Keith shareholders of record as of close of business on August 11, 2005 will be entitled to vote on the proposed merger. The special meeting of Keith shareholders will be held at Keith's Corporate offices at 19 Technology Drive, Irvine, California, 92618 at 9:00 a.m. Pacific time. Stantec, founded in 1954, provides professional design and consulting services in planning, engineering, architecture, surveying, and project management. Stantec support’s 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. Stantec’s services are offered through more than 4,500 employees operating out of over 50 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. For more information visit the Company's website at www.stantec.com The Keith Companies, Inc. is a fully integrated, multi-disciplined engineering and consulting services company, with offices located throughout the Western and Midwestern United States. The Keith Companies' professionals provide a wide spectrum of skilled resources including land planning, engineering, surveying, mapping, environmental studies, and water and cultural resources that are needed to effectively plan, engineer, and design state-of-the-art private and public facilities. Additionally, the Company provides mechanical, electrical, chemical, power/energy engineering, and other industrial engineering services to design and improve the efficiency and reliability of automated and manufacturing processes, production lines, and fire protection systems. The Keith Companies benefits from a diverse public and private client base varying from residential and commercial real estate projects to institutional, manufacturing, and processing facilities. For more information visit the Company's website at www.keithco.com. | | System Account | System Account | | 43 | | 8/5/2005 | President & CEO, Tony Franceschini, rings The Opening Bell™ EDMONTON AB - TSX:STN; NYSE:SXC Stantec President & CEO, Tony Franceschini, celebrated the Company’s first day of trading on the New York Stock Exchange by ringing The Opening Bell™. Stantec is now dually listed on the NYSE under the symbol SXC and on the Toronto Stock Exchange as STN. “Ringing The Opening Bell™ is a very exciting event and it marks a great milestone for Stantec,” says Tony Franceschini, Stantec President & CEO. “It affirms the evolution and maturity of the company over the past ten years and signifies to the market and our industry that we are truly a North American firm. Being listed on the NYSE is another step toward our goal of becoming a top 10 global design firm.” With Franceschini at the bell ringing were various Stantec executives, board members, and Aram Keith, The Keith Companies CEO, whose California-based firm of over 800 employees is expected to merge with Stantec in the third quarter. “It is a great honor that I have been asked to accompany Tony and represent TKC at the bell ringing ceremony to help mark this important occasion for Stantec,” says Aram Keith. The NYSE is the largest equities marketplace in the world. It is home to some 2,800 companies with a total global market capitalization of US$20 trillion. Stantec, founded in 1954, provides professional design and consulting services in planning, engineering, architecture, surveying, and project management. 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 more than 4,500 employees operating out of over 50 locations in North America and the Caribbean. Stantec trades on the TSX under the symbol STN and on the NYSE under the symbol SXC.
| | System Account | System Account | | 44 | | 8/3/2005 | EDMONTON AB - TSX:STN Stantec announced today that Stantec Architecture Ltd. has completed the acquisition of Calgary-based CPV Group Architects & Engineers Ltd. (CPV). CPV, founded in 1952, is one of Calgary’s leading architecture, interior design, and structural engineering firms. The addition of over 60 CPV staff to Stantec significantly strengthens the firm’s architecture and interior design practice in western Canada. “CPV brings to Stantec a strong team of people that will provide a wealth of experience and leadership to our growing architecture and interior design practice in western Canada,” says Tony Franceschini, Stantec President & CEO. “The addition of CPV helps solidify Stantec Architecture as Canada’s largest and most geographically diverse architecture and interior design practice.” CPV provides clients services in Architecture, Structural Engineering, Planning, and Interior Design across a wide range of projects including acute care hospitals, long-term facilities, theaters, educational facilities, office, and industrial projects. CPV will also bring the staff and expertise of their interior design group, WOW Design Ltd, and their structural group, both of which have been an integral part of CPV’s practice for many years. “We’re looking forward to the many opportunities that joining Stantec offers our staff and clients with the enhanced technical resources and the wider array of services we will be able to offer,” says Gerald Culham CPV President. “CPV has developed a team that strives for design excellence and for the growth and betterment of our practice. As a part of Stantec, our mandate going forward is to continue to lead the industry in architecture, creativity, and innovation.” Over the years CPV has won numerous design awards including the prestigious Governor Generals Award for Architecture for the design of the Nexen Building in Calgary plus numerous national and international design awards. Stantec and CPV recently shared success working together on the design of the $25,000,000 new University of Northern British Columbia Learning and Teaching Centre in Prince George, British Columbia. Stantec’s architecture and interior design practice is made up of over 450 employees operating out of Vancouver and Kamloops, British Columbia; Calgary and Edmonton, Alberta; Regina and Saskatoon, Saskatchewan; Winnipeg, Manitoba; and Toronto, Ontario as well as in parts of the United States. Stantec, founded in 1954, provides professional design and consulting services in planning, engineering, architecture, surveying, and project management. 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 more than 4,500 employees operating out of over 50 locations in North America and the Caribbean. Stantec trades on the Toronto Stock Exchange under the symbol STN.
| | System Account | System Account | | 45 | | 8/2/2005 | Edmonton AB - TSX:STN - Gross revenue increased 9.8% to C$150.2 million compared to C$136.8 million in the second quarter of 2004. Net revenue increased 7.5% to C$127.7 million from C$118.7 million, while net income was up 102.7% to C$13.1 million compared to C$6.4 million. Basic earnings per share were C$0.69 in the second quarter of 2005 compared to C$0.35 the same period last year, representing an increase of 97.1%.
- Year-to-date 2005 gross revenue increased 14.6% to C$291.3 million compared to C$254.1 million in the same period of 2004, while net revenue increased 11.0% to C$246.8 million from C$222.3 million. Net income increased 63.6% to C$19.8 million from C$12.1 million. Basic EPS were up 59.1% to $1.05 from $0.66 over the first six months of 2004.
- The Company revised its estimate for allowance for doubtful accounts in the second quarter of 2005. This revision accounted for $0.14 of the current quarter and year to date increase in basic EPS.
- During the second quarter, Stantec announced that it had reached an agreement to acquire The Keith Companies (NASDAQ:TKCI). Stantec also entered into an agreement to acquire the shares and business of CPV Architects of Calgary, Alberta. The transaction is expected to close in August.
"We are very pleased to report excellent performance in a very active second quarter," says Tony Franceschini, Stantec President & CEO. "Our enterprise system implementation continues to contribute to better and more timely information, resulting in an improved estimate for the allowance for doubtful accounts which has resulted in a positive increase of $0.14 basic EPS this quarter. This is expected to be a one-time adjustment to the cumulative AFDA account." "Overall, our operations are performing well throughout the Company in most regions and practice areas. Performance in our US Southeast region is improving and contributing marginally to our results but it is not meeting our expectations. As part of our regularly scheduled annual review of goodwill, we will be performing a goodwill impairment test during the third quarter of 2005." New project activity in the second quarter highlights the diversity of Stantec's service offerings. The Company's Environmental Management group is studying the impacts of major bridge construction on a coastal setting near Wilmington, North Carolina, for the North Carolina Department of Transportation (NCDOT) in one of NCDOT’s first-ever efforts to use water quality modeling to measure the secondary effects of land use changes. The group is also providing solid waste and environmental management services for a five-year reclamation program involving the capping of a phosphogypsum stack located near Medicine Hat, Alberta. In northwestern Ontario, the Transportation Infrastructure and Environmental Infrastructure groups are working on the survey and design of a 450-kilometre (280-mile) high-voltage transmission line from Otter Rapids to the Victor Mine in the James Bay area. The Power, Resources & Chemicals group is completing the detailed design of an instrumentation system to measure the quality of transmitted products across the Enbridge distribution network in Canada and the US. This project will require multidisciplinary engineering services from our staff in offices in both countries. "As we see our various practice areas working together to provide service to our clients in multidisciplinary teams, we are impressed with our employees' ability to deliver on Stantec’s operating philosophy of 'One Team. Infinite Solutions'." says Franceschini. "It is because of their efforts that Stantec has been able to produce consistently solid quarterly and annual results." The second 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 comprehensive professional services in planning, engineering, architecture, interior design, landscape architecture, surveying and geomatics, environmental sciences, project management, and project economics. The Company supports clients at every stage, from initial concept and financial feasibility to project completion and beyond. Services are offered through more than 4,500 employees operating out of 50 locations in North America and the Caribbean. Stantec trades on the Toronto Stock Exchange under the symbol STN.
| | System Account | System Account | | 46 | | 7/28/2005 | Company to begin trading on New York Stock Exchange under symbol SXC, subject to final SEC approval EDMONTON AB - TSX:STN, NYSE:SXC
When: Friday, August 5, 2005, at 9:30 AM Eastern Daylight Time (7:30 AM MDT) Where: New York Stock Exchange Trading Floor Photos: Available via Associated Press/New York (212) 621-1902, Reuters America (646) 223-6285, and Bloomberg Photo (212) 893-3420 News Feed: The Opening Bell™ feed (starting at 9:25 AM EDT, 7:25 AM MDT) is available daily and can be accessed by fiber line at Waterfront #1630 Stantec President & CEO, Tony Franceschini will ring The Opening Bell™ on the New York Stock Exchange (NYSE) to mark Stantec’s first day of trading on the NYSE. August 5, subject to final SEC approval, is to be the day Stantec begins trading on the NYSE under the symbol SXC. Tony will be available for telephone or remote interviews immediately after the bell-ringing ceremony at approximately 9:30 AM EDT until 10:00 AM EDT. To make arrangements for an interview on or prior to August 5, contact Jay Averill at (780) 917-7441. Second Quarter 2005 results Conference Call Advisory Stantec executives, Tony Franceschini, President & CEO, and Don Wilson, Vice President & CFO, will hold a Conference Call to discuss second quarter 2005 results on Tuesday, August 2, 2005, commencing at 4:00 PM EDT (2:00 PM MDT, 1:00 PM PDT). The call will last about 30 minutes. The Conference Call will be broadcast live and archived at www.stantec.com in the Investor Relations section. Stantec, founded in 1954, provides professional design and consulting services in planning, engineering, architecture, surveying, and project management. 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 more than 4,500 employees operating out of over 50 locations in North America and the Caribbean. Stantec trades on the Toronto Stock Exchange under the symbol STN. | | System Account | System Account | | 47 | | 7/28/2005 | CALGARY AB - TSX:STN CPV Group Architects & Engineers Ltd. (CPV) announced today it has signed a Letter of Intent to join with Stantec Architecture Ltd. (Stantec). Pending final settlement of terms the transaction will combine two of Canada’s premier practices and help position Stantec as one of Canada’s top comprehensive planning, architecture, and interior design professional service groups. The transaction is expected to close on July 29, 2005. “We chose Stantec because our combined firm will now be the strongest architectural and interior design presence in Canada. As a result we will have an unparalleled range of services and expertise to offer our Alberta clients, and more growth opportunities to offer our staff,” says Gerry Culham, CPV President. Since 1952, CPV has provided clients outstanding services in Architecture, Structural Engineering, Planning, and Interior Design across a wide range of projects including acute care hospitals, long-term facilities, theaters, educational facilities, office, and industrial projects. CPV will also bring the staff and expertise of their interior design group, WOW Design Ltd, and their structural group, both of whom have been an integral part of their practice for many years. “We’re looking forward to a successful shared future with CPV,” says Stanis Smith, Vice President of Architecture & Interior Design for Stantec. “They are one of the premier architecture firms in Calgary and the addition of CPV’s talented staff and history of success solidifies Stantec’s standing as Canada’s only national architecture and interior design practice.” Over the years of its practice CPV has won numerous design awards including the prestigious Governor Generals Award for Architecture for the design of the Nexen Building in Calgary plus numerous national and international design awards. The company’s Shawnnessy LRT Station in Calgary was most recently awarded the APEGGA “Summit Award” as the top Project for 2005 as well the project has received the Alberta Chapter, American Concrete Institute “Award Of Excellence and the Project Team has been awarded two 2005 PCI Design Awards” for “Best Custom Solutions” and the “Harry H. Edwards Industry Advancement Award” Stantec’s architecture and interior design practice is made up of over 400 employees operating out of Vancouver and Kamloops, British Columbia; Calgary and Edmonton, Alberta; Regina and Saskatoon, Saskatchewan; Winnipeg, Manitoba; and Toronto, Ontario as well as in parts of the United States. Stantec and its affiliated companies provide comprehensive professional services in planning, engineering, architecture, interior design, landscape architecture, surveying and geomatics, environmental sciences project management, and project economics. The Company supports clients at every stage, from initial concept and financial feasibility to project completion and beyond. Services are offered through more than 4,000 employees operating out of 50 locations in North America and the Caribbean. Stantec trades on the Toronto Stock Exchange under the symbol STN. | | System Account | System Account | | 48 | | 5/3/2005 | EDMONTON AB - TSX: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 946,705 of its common shares, representing approximately 5% of the shares. Stantec had a total of 18,934,119 common shares outstanding as at May 16, 2005. The purchases may commence on June 1, 2005, and will terminate on May 31, 2006 or on such earlier date as Stantec may complete its purchases pursuant to the Notice of Intention. Stantec will make the purchases in accordance with the rules and policies of the exchange, 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 will make no purchases of common shares other than open-market purchases. 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, 2005, pursuant to its normal course issuer bid in place since June 1, 2004, Stantec has purchased 104,700 common shares at an average price of C$22.95 per share. Stantec provides comprehensive professional services in planning, engineering, architecture, interior design, landscape architecture, surveying and geomatics, environmental sciences project management, and project economics. The Company supports clients at every stage, from initial concept and financial feasibility to project completion and beyond. Services are offered through more than 4,000 employees operating out of 50 locations in North America and the Caribbean. Stantec trades on the Toronto Stock Exchange under the symbol STN.
| | System Account | System Account | | 49 | | 5/10/2005 | Applies to list its shares on the New York Stock Exchange EDMONTON AB - TSX:STN - Gross revenue increased 20.3% to C$141.1 million compared to C$117.3 million in the first quarter of 2004. Net revenue increased 15.0% to C$119.1 million from C$103.6 million while net income was up 19.0% to C$6.7 million compared to C$5.7 million. Basic earnings per share were C$0.36 in the first quarter of 2005 compared to C$0.31 the same period last year, an increase of 16.1%.
- Following the close of the quarter, Stantec announced it reached an agreement to acquire The Keith Companies (NASDAQ:TKCI), a firm with approximately 850 employees primarily located in California. The transaction is expected to close in the third quarter.
- Stantec has applied to list its common shares on the New York Stock Exchange.
“Our record performance continues to reinforce the strength of our business model,” says Tony Franceschini, Stantec President & CEO. “We had a good mix of organic and acquisition driven growth highlighted by many new project awards.” Project activity was strong across the Company particularly in the health care, transportation, and wastewater treatment service sectors. In Toronto, Ontario Stantec secured a contract to provide structural engineering services for the expansion of Toronto Rehab, Canada’s largest rehabilitation hospital. The Company’s Transportation Infrastructure team has been awarded a term agreement to provide ongoing transportation engineering services for the New York State Thruway Authority with the first two assignments being the design of a rebuild of a toll plaza and expansion of six rest stops in upstate New York. In Reno, Nevada the Company is providing data collection, master planning, and design services for the upgrade and rehabilitation of 19.2 kilometres (12 miles) of the municipal sewer system. And in Vancouver, British Columbia Stantec is the prime consultant for the design of the Whistler Sliding Centre in preparation for the 2010 Olympic Winter Games. Scheduled for completion in 2007, the facility will be the venue for the bobsleigh, luge, and skeleton events. “Our results again showcase the contribution of our employees in executing our business strategy,” adds Franceschini. “It is because of their efforts day in and day out that Stantec has been able to achieve success and it is their passion that will make us successful in the future.” Stantec’s Annual Meeting of Shareholders is being held today at 1:00 PM EDT (11:00 AM MDT) at Stantec’s head office in Edmonton, Alberta, 10160 – 112 Street. The first 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 comprehensive professional services in planning, engineering, architecture, interior design, landscape architecture, surveying and geomatics, environmental sciences, project management, and project economics. The Company supports clients at every stage, from initial concept and financial feasibility to project completion and beyond. Services are offered through more than 4,000 employees operating out of 50 locations in North America and the Caribbean. Stantec trades on the Toronto Stock Exchange under the symbol STN.
| | System Account | System Account | | 50 | | 4/14/2005 | Stantec to obtain US Listing EDMONTON AB, IRVINE CA - TSX:STN; NASDAQ:TKCI Stantec (TSX:STN) and The Keith Companies (NASDAQ:TKCI) announced today that they have entered into an agreement to combine the two firms. The agreement, which has been approved by the boards of directors of Stantec and The Keith Companies (TKC), will help both companies realize strategic business goals benefiting employees, clients, and shareholders. TKC shareholders will receive approximately US$22.00 per share in cash, Stantec common shares, or a combination of cash and Stantec common shares. The transaction is expected to be accretive to Stantec’s earnings while significantly strengthening the firm’s presence in the US by adding 10 locations throughout southern California and approximately 850 employees. TKC also has offices in Portland, Oregon; Las Vegas, Nevada; Phoenix, Arizona; Houston, Texas; Salt Lake City, Utah; and Ann Arbor, Michigan. Stantec provides professional design and consulting services in planning, engineering, architecture, surveying, and project management and has over 4,200 employees in 50 locations throughout North America. Summary of the Transaction - Stantec will acquire TKC through a merger of TKC into a wholly owned US subsidiary of Stantec.
- Pursuant to the merger agreement, each share of TKC common stock will be exchanged for the following
- US$11.00 in cash
- 0.23 Stantec shares (which was worth US$5.33 based on Stantec’s closing price on April 14, 2005), and
US$5.50 worth of Stantec shares to be calculated by dividing US$5.50 by the simple average of the weighted average sales price of the Stantec common shares on the Toronto Stock Exchange (TSX) for each of the 20 trading days ending on the second trading day prior to the closing of the merger, converted into US dollars for each trading day at the noon buying rate quoted by the Federal Reserve Bank of New York on such trading day. - TKC shareholders will have the option to elect to receive their merger consideration in cash, Stantec common shares, or a combination of cash and Stantec common shares, in each case subject to proration.
- In connection with the merger agreement Stantec will become a US Securities and Exchange Commission (SEC) registrant and on completion of the transaction, Stantec’s common shares will be listed on both the Toronto Stock Exchange (TSX) and a major US stock exchange.
- The transaction is subject to customary conditions, including approval of the transaction by TKC’s shareholders and expiration of the waiting period under the Hart Scott Rodino Act. Stantec’s shareholders will not be required to vote on the transaction.
- Stantec has entered into a shareholder support agreement with TKC’s Chairman & Chief Executive Officer whereby he has agreed to vote his shares of TKC common stock in favor of the merger.
- The merger agreement contemplates that Aram Keith, TKC Chairman & CEO will become a director of Stantec following completion of the transaction.
- In certain circumstances, TKC will pay Stantec a breakup fee in the amount of US$3 million plus expenses if TKC terminates the merger agreement.
- The transaction is expected to close in the third quarter of 2005.
“The addition of TKC will increase the revenue of our operations in the United States by approximately seventy per cent—based on 2004 numbers,” says Tony Franceschini, Stantec President & CEO. “The combination of Stantec and TKC will make up one of the most diversified design firms in North America and a leading urban land development services group.” In 2004 TKC’s gross revenues were US$105.3 million (C$137.7 million) and Stantec’s gross revenues were C$520.9 million (US$398.4 million). “With TKC, Stantec will gain a strong presence in California—a key market in North America—and an opportunity to lever this local base to cross sell our public sector services in Transportation and Environment,” adds Franceschini. “This is a key strategic move in our plan to become a top 10 global design firm.” Stantec provides professional design and consulting services in planning, engineering, architecture, surveying, and project management and 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. Stantec’s services are offered through more than 4,200 employees operating out of approximately 50 locations in North America and the Caribbean. “This is an exciting transaction for The Keith Companies’ employees, clients, and shareholders,” says Aram Keith, TKC Chairman and CEO. “Joining Stantec will substantially accelerate our growth plans and make TKC a part of a North American firm with a widely diversified service offering. Our employees will have access to more service specialists, experts, and greater technological resources while our clients will gain access to a wider range of services.” “Our shareholders will receive an immediate premium upon the close—Stantec’s offer represents an approximate 30% premium to TKC’s closing price on April 14—and they will have the opportunity to reinvest in the combined company and take advantage of the revenue and cost synergies that should result from the combination,” adds Keith. TKC, headquartered in Irvine, California is a multi-disciplined engineering and consulting services company. With approximately 850 staff, TKC provides a wide spectrum of skilled resources including land planning, engineering, surveying, mapping, environmental studies, and water and cultural resources. Additionally, TKC provides mechanical, electrical, chemical, power/energy engineering, and other industrial engineering services to design and improve the efficiency and reliability of automated and manufacturing processes, production lines, and fire protection systems. TKC benefits from a diverse public and private client base varying from residential and commercial real estate projects to institutional, manufacturing, and processing facilities. In connection with the transaction, Stantec plans to list its shares on a major US stock exchange, while maintaining its listing on the Toronto Stock Exchange. The issuance of Stantec shares in connection with the transaction is also subject to the approval of the TSX. The TSX has neither approved nor disapproved the contents of this release. Conference Call for Analysts and Investors The management teams from Stantec and TKC will be holding a conference call for analysts and investors to discuss the proposed acquisition. The call will be held tomorrow morning (Friday, April 15) at 8:00 AM EDT (6:00 AM MDT – 5:00 AM PDT). The live discussion can be accessed by dialing (800) 374-1207. A webcast of the analyst and investor conference call will also be available on the Internet at www.stantec.com/keithco, www.keithco.com, and www.stantec.com. There will be a replay of the webcast available on the websites for those shareholders and analysts who are unable to listen to the live call. Additional Information and Where to Find It In connection with the proposed transaction, Stantec and TKC will file a Registration Statement on Form F 4, a joint proxy statement/prospectus and other related documents with the Securities and Exchange Commission (the “SEC”). Stockholders of Stantec and TKC are advised to read these documents when they become available because they will contain important information. Stockholders of the companies may obtain copies of these documents for free, when available, at the SEC’s website at www.sec.gov. These and such other documents may also be obtained for free from: Stantec 10160-112 Street Edmonton, Alberta, Canada, T5K 2L6 Phone: (780) 917-7000 Fax: (780) 917-7330 And from: The Keith Companies 19 Technology Drive Irvine, California, USA 92618-2334 Phone: (949) 923-6000 Fax: (949) 923-6121 Stantec and TKC and their respective directors, executive officers and other members of their management and employees may be deemed to be participants in the solicitation of proxies in connection with Stantec’s proposed acquisition of TKC. Information regarding the special interests of these directors and executive officers in the transaction described herein will be included in the joint proxy statement/prospectus described above. Additional information regarding Stantec’s directors and executive officers is also included in its management information circular for its 2005 Annual Meeting of Shareholders, which was filed with the applicable securities commissions in Canada on or about March 31, 2005 and is available free of charge at the Canadian Securities Administrators’ web site at www.sedar.com or by contacting Stantec at the address or telephone number set forth above. Additional information regarding TKC’s directors and executive officers is also included its proxy statement for its 2005 Annual Meeting of Stockholders, which was filed with the SEC on or about April 12, 2005 and is available free of charge at the SEC’s web site at www.sec.gov or by contacting TKC at the address or telephone number set forth above. Cautionary Note Regarding Forward Looking Statements This press release contains forward-looking statements. In some cases, forward-looking statements can be identified by words such as "believe," "expect," "anticipate," "plan," "potential," "continue" or similar expressions. Such forward-looking statements are based upon current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Some of the forward-looking statements contained in this press release include statements about the proposed Stantec and TKC merger; including statements that: (i) the merger will allow the combined company to realize strategic goals; (ii) the merger is expected to be accretive to earnings of the combined company; (iii) the merger will allow Stantec to increase its revenues from its United States operations by approximately 70%; (iv) the combination with TKC will allow Stantec opportunities to cross sell services to TKC’s client base; and (v) the TKC shareholders will realize a premium of approximately 30%. These statements are not guarantees of future performance, involve certain risks, uncertainties and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. Therefore, actual outcomes and results may differ materially from what is expressed herein. For example, if TKC does not receive required shareholder approvals, if Stantec is unable to list its stock on a major US exchange or either party fails to satisfy other conditions to closing, the merger will not be consummated. In addition, the combined companies may not realize all or any of the expected benefits of the merger. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: global capital market activities, fluctuations in interest rates and currency values, the effects of war or terrorist activities, the effects of disease or illness on local, national, or international economies, the effects of disruptions to public infrastructure, such as transportation or communications, disruptions in power or water supply, industry and worldwide economic and political conditions, regulatory and statutory developments, the effects of competition in the geographic and business areas in which the companies operate, the actions of management, and technological changes. Actual results may differ materially from those contained in the forward-looking statements in this press release.
| | System Account | System Account | | 51 | | 2/24/2005 | Edmonton AB - TSX:STN - For the year-end 2004, Stantec generated gross revenue of $520.9 million, a 13.2% increase from $459.9 million last year. Net income increased 20.4% to $30.2 million from $25.1 million. Basic earnings per share were 19% higher at $1.63 compared to $1.37 in 2003. A lower tax rate contributed to the increase in net income and basic earnings per share.
- In the fourth quarter 2004, gross revenue increased 13.8% to $127.0 million from $111.6 million in 2003. Net income was up 51.2% to $9.6 million compared $6.3 million in 2003 while income before income taxes was 29.3% higher in the fourth quarter at $13.0 million compared to $10.0 million. Basic earnings per share increased 48.6% to $0.52 compared to $0.35 in the fourth quarter last year. A lower tax rate contributed to the increase in net income and basic earnings per share.
- In 2004 Stantec added a US Northeast operating region and the Bio/Pharmaceuticals practice area through the acquisition of Sear-Brown in Rochester, NY. The Company strengthened its Architecture & Interior Design group with the addition of GBR Architects in Winnipeg, MB, and Dunlop Architects in Toronto, ON. In Vancouver, Stantec expanded its capabilities in electrical engineering for traffic systems and sporting facilities by adding the assets and business of Shaflik Engineering. Stantec divested of its last non fee-for-service division, Goodfellow Technologies and its patented EFSOP™ technology.
“I’m very pleased to report strong results and another year of solid growth for our Company,” says Tony Franceschini, Stantec President & CEO. “This past year we implemented improvements to our internal systems infrastructure while expanding into the US Northeast and bolstering our Architecture & Interior Design practice to a more national presence in Canada.” Stantec’s project activity through 2004 reflected the Company’s standing as a respected North American leader in the design industry. The Environmental Infrastructure group is playing a large role in the design of the upgrades for the Ashbridges Bay Wastewater Treatment Plant in Toronto, ON—Canada’s largest wastewater treatment plant—while in Vancouver Stantec is providing a full complement of services on the Seymour-Capilano Water Filtration Plant, which will be one of the largest water treatment plants in the country. In Phoenix, AZ Stantec was awarded a contract to provide the design for the most challenging downtown corridor section of the Central Phoenix/East Valley Light Rail Transit system. Stantec’s airport terminal experience helped to land a project award to design a new terminal at the Niagara Falls International Airport in New York State, the Company’s first terminal design project in the US. Also, the Bio/Pharmaceticals group is providing engineering design for all phases of the development of two new, world-class solid dosage manufacturing suites for Wyeth Pharmaceuticals in Puerto Rico. “Our employees’ ability to execute our strategy allowed Stantec to post a 51st consecutive year of profitability,” says Franceschini. “Their drive, loyalty, and passion for their work made us successful in 2004 and those qualities will carry Stantec to our shared vision of being a top 10 global design firm.” The Annual General Meeting will be held on May 10, 2005, at 1:00 PM EST (11:00 AM MST) at Stantec’s headquarters in Edmonton, Alberta, 10160-112th Street. The Q4/Year-End Conference Call, being held today at 4:00 PM EST (2:00 PM MST), will be broadcast live and archived on Stantec’s web site at stantec.com in the Investor Relations section. Stantec, founded in 1954, provides professional design and consulting services in planning, engineering, architecture, surveying, and project management. 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 more than 4,000 employees operating out of over 50 locations in North America and the Caribbean. Stantec trades on the Toronto Stock Exchange under the symbol STN. | | System Account | System Account | | 52 | | 11/1/2003 | Edmonton, Alberta - TSX:STN The Company's news release dated October 30, 2003, included Management's Discussion and Analysis (MD&A) of financial results. The second paragraph in the section on Gross Revenue within the MD&A included a misclassification of the change in revenue arising from acquisition growth and from internal growth. The misclassification has no impact on the previously released financial results. The corrected paragraph is as follows: Gross revenue for Q3 03 decreased $17.1 million to $120.8 million from $137.9 million for the same quarter in 2002. Approximately $6.4 million is due to the effect of the change in foreign exchange rates, and $26.7 million is due to the three fewer weeks of revenue in 2003 due to the change in our reporting schedule. These items were offset by additional revenue from acquisitions completed in 2001, 2002 and 2003 of $5.5 million and net internal growth of $10.5 million. As a result, the analysis of the change in revenue, by quarter in 2003 is as follows: | Q1 03 | Q2 03 | Q3 03 | YTD Q3 03 | | (13 weeks) | (39 weeks) | | (in millions) | | Acquisition growth | $16.6 | $10.7 | $5.5 | $32.8 | | Impact of foreign exchange | $(2.0) | $(4.9) | $(6.4) | $(13.3) | | Change in reporting weeks | $8.4 | $9.4 | $(26.7) | $(8.9) | | Net internal growth | $0.9 | $(0.4) | $10.5 | $11.0 | | | | | | | | Increase(decrease) in gross revenue | $23.9 | $14.8 | $(17.1) | $21.6 | The correct and completed version is as follows: Stantec announces third quarter results - Basic earnings per share were 14.3% higher at $0.40 versus $0.35 last year. Net income increased 17.5% to $7.4 million from $6.3 million. Gross revenue decreased 12.4% to $120.8 million compared to $137.9 million in the third quarter 2002.
- Basic earnings per share increased 25.0% to $1.05 from $0.84 over the first three quarters of 2002. Net income increased 28.4% to $19.2 million. Net income year-to-date includes an after-tax gain of $430,000 in the first quarter of 2003 arising from the sale by an affiliate of part of its business. Year-to-date gross revenue increased 6.6% to $348.3 million compared to $326.7 million.
"I'm pleased to report continued strong Company performance for the third quarter of 2003. Due to a change in internal reporting periods, our third quarter in 2003 reflects the results of operations for a 13-week period compared to 16 weeks in 2002," says Tony Franceschini, Stantec President & CEO. "Our focus this year has been the integration of the 10 firms acquired in 2002 and two in 2003, as well as strengthening Stantec's foundation of systems and processes for future growth." "Reductions in administrative and marketing costs arising from more fully integrated acquisitions as well as a lower effective tax rate resulted in increases in net income and basic earnings per share of 17.5% and 14.3% respectively," adds Franceschini. Project activity across the Company reflects the diversity and robustness of Stantec's business model. In Greensboro, North Carolina the Company is working on a major expansion of the Polo Ralph Lauren Warehouse. This project encompasses an area equivalent to almost six football fields and involves the full-team collaboration of the Surveying, Civil Engineering, Architecture, Interior Design, Structural Engineering, Mechanical Engineering, Electrical Engineering, and Fire Protection Engineering groups. In Nevada, the Environmental Infrastructure area has been awarded a two-year assignment to prepare a water reclamation facility plan for the Washoe County Department of Water Resources. Notable projects in Canada include architecture services for the addition and expansion of the Regina Air Terminal Building in Saskatchewan and highway, bridge, and pavement design services for the widening of Highway 401 near Woodstock, Ontario. "Our diverse project activity continues to reflect our capacity and capability to adjust to changes in workloads in different regions and market segments and between the public and private sectors," says Franceschini. "We remain positive about our ability to maintain profitable growth in the current economic climate and are on track to reach our goal of becoming one of the top 10 global design firms." The Q3 Conference Call is being held today at 4:00 PM EST (2:00 PM MST). The call will be broadcast live and archived on Stantec's web site at stantec.com in the Investor Relations section. Stantec provides professional services in infrastructure and facilities. The Company's comprehensive services in planning, engineering, environmental sciences, architecture, interior design, landscape architecture, surveying, and project economics support clients at every stage, from initial concept and financial feasibility to project completion and beyond. Services are offered through more than 4,000 employees operating out of 40 locations in North America and the Caribbean. Stantec trades on the Toronto Stock Exchange under the symbol STN. | | System Account | System Account | | 53 | | 10/31/2003 | Edmonton, Alberta - TSX:STN - Basic earnings per share were 14.3% higher at $0.40 versus $0.35 last year. Net income increased 17.5% to $7.4 million from $6.3 million. Gross revenue decreased 12.4% to $120.8 million compared to $137.9 million in the third quarter 2002.
- Basic earnings per share increased 25.0% to $1.05 from $0.84 over the first three quarters of 2002. Net income increased 28.4% to $19.2 million. Net income year-to-date includes an after-tax gain of $430,000 in the first quarter of 2003 arising from the sale by an affiliate of part of its business. Year-to-date gross revenue increased 6.6% to $348.3 million compared to $326.7 million.
"I'm pleased to report continued strong Company performance for the third quarter of 2003. Due to a change in internal reporting periods, our third quarter in 2003 reflects the results of operations for a 13-week period compared to 16 weeks in 2002," says Tony Franceschini, Stantec President & CEO. "Our focus this year has been the integration of the 10 firms acquired in 2002 and two in 2003, as well as strengthening Stantec's foundation of systems and processes for future growth." "Reductions in administrative and marketing costs arising from more fully integrated acquisitions as well as a lower effective tax rate resulted in increases in net income and basic earnings per share of 17.5% and 14.3% respectively," adds Franceschini. Project activity across the Company reflects the diversity and robustness of Stantec's business model. In Greensboro, North Carolina the Company is working on a major expansion of the Polo Ralph Lauren Warehouse. This project encompasses an area equivalent to almost six football fields and involves the full-team collaboration of the Surveying, Civil Engineering, Architecture, Interior Design, Structural Engineering, Mechanical Engineering, Electrical Engineering, and Fire Protection Engineering groups. In Nevada, the Environmental Infrastructure area has been awarded a two-year assignment to prepare a water reclamation facility plan for the Washoe County Department of Water Resources. Notable projects in Canada include architecture services for the addition and expansion of the Regina Air Terminal Building in Saskatchewan and highway, bridge, and pavement design services for the widening of Highway 401 near Woodstock, Ontario. "Our diverse project activity continues to reflect our capacity and capability to adjust to changes in workloads in different regions and market segments and between the public and private sectors," says Franceschini. "We remain positive about our ability to maintain profitable growth in the current economic climate and are on track to reach our goal of becoming one of the top 10 global design firms." The Q3 Conference Call is archived in the Investor Relations section. Stantec provides professional services in infrastructure and facilities. The Company's comprehensive services in planning, engineering, environmental sciences, architecture, interior design, landscape architecture, surveying, and project economics support clients at every stage, from initial concept and financial feasibility to project completion and beyond. Services are offered through more than 3,500 employees operating out of 40 locations in North America and the Caribbean. Stantec trades on the Toronto Stock Exchange under the symbol STN. | | System Account | System Account | | 54 | | 9/5/2003 | EDMONTON AB - TSX:STN Stantec Inc. announced today that a Notice of Intention to renew its Normal Course Issuer Bid has been filed with, and accepted by, the Toronto Stock Exchange, pursuant to which Stantec may purchase up to 550,311 of its common shares, representing approximately 3% of the shares. Stantec currently has a total of 18,343,684 common shares outstanding as at August 31, 2003. The purchases may commence on September 9, 2003, and will terminate on September 8, 2004 or on such earlier date as Stantec may complete its purchases pursuant to the Notice of Intention. Stantec will make the purchases in accordance with the by-laws and rules of the exchange, 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 will make no purchases of common shares other than open-market purchases. 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, the Company believes at such times that its outstanding common shares represent an attractive investment and an appropriate and desirable use of its available funds. Any common shares purchased by Stantec will be cancelled. As at August 31, 2003, pursuant to its normal course issuer bid in place since September 9, 2002, Stantec has purchased 72,700 common shares at an average price of $16.60 per share. Stantec provides professional services in infrastructure and facilities. The Company's comprehensive services in planning, engineering, environmental sciences, architecture, interior design, landscape architecture, surveying, and project economics support clients at every stage, from initial concept and financial feasibility to project completion and beyond. Services are offered through more than 3,500 employees operating out of 40 locations in North America and the Caribbean. Stantec trades on the Toronto Stock Exchange under the symbol STN. | | System Account | System Account | | 55 | | 5/30/2003 | Edmonton, Alberta - TSX:STN Stantec announced today that it has acquired ESG International Inc. (ESG) an environmental consulting firm headquartered in Guelph, Ontario, with about 90 employees. The combined firms will create one of Canada's leading environmental management service providers. "The talented people from ESG are a key component to making Stantec one of the top global providers of environmental management services," says Tony Franceschini, Stantec President & CEO. "The addition of ESG also continues to build our presence throughout Ontario." ESG has provided environmental consulting services to clients in Ontario and internationally since the mid-1970s. Impact assessment is a mainstay of the company's work along with ecotoxicity testing and environmental technologies. The company has a wide range of scientific expertise in a number of environmental disciplines including toxicology, public consultation, resource management, environmental planning, and landscape architecture. ESG also operates one of the largest toxicity testing labs in Canada. "We're looking forward to a successful future with Stantec," says Erven Mackintosh, ESG Chairman and CEO who will continue with Stantec as a Vice President. "As a North American leader, Stantec offers our clients access to greater depth and breadth of services and gives our staff access to the financial and technical resources of a company with a strong network of more than 3,500 employees and 40 offices." Stantec's environmental management and geo-environmental practice area now has more than 350 staff in Canada and the United States. The Company recently announced record first quarter earnings with gross revenue increasing 28.2% to $108.4 million compared to $84.6 million in the first quarter 2002. Stantec provides professional services in infrastructure and facilities. The Company's comprehensive services in planning, engineering, environmental sciences, architecture, interior design, landscape architecture, surveying, and project economics support clients at every stage, from initial concept and financial feasibility to project completion and beyond. Services are offered through more than 3,500 employees operating out of 40 locations in North America and the Caribbean. Stantec trades on the Toronto Stock Exchange under the symbol STN. | | System Account | System Account | | 56 | | 5/1/2003 | Edmonton, Alberta - TSX:STN - Gross revenue increased 28.2% to $108.4 million compared to $84.6 million in the first quarter 2002. Net income increased 47.8% to $5.2 million from $3.5 million. Net income for the quarter includes an after-tax gain of $430,000 arising from the sale by an affiliate of part of its business. Basic earnings per share were 33.3% higher at $0.28 versus $0.21 last year.
- Stantec completed the acquisition of Vancouver firm Architectura at the beginning of January. The addition of the Architectura team makes Stantec one of Canada's top comprehensive planning, architecture, and interior design professional services groups.
"Our excellent first quarter performance reflects Stantec's ability to adjust to changes in the market through the focused execution of our business strategy," says Tony Franceschini, Stantec President & CEO. "Our strong financial performance has allowed us to maintain our commitment to growth in a challenging business environment." Stantec's project activity this quarter reflects its broad range of services and geographic diversity. In Erie County, New York, Stantec is completing a Federal Energy Commission Relicensing Study to determine fish utilization of the Upper Niagara River for the URS/New York Power Authority. In Yorkton, Saskatchewan, Stantec was chosen as the prime consultant for the design of the Yorkton Regional Hospital Long-Term Care Centre. The Company's Project Management expertise is being used by the Canadian Opera House Corporation in the development of the new 2,100-seat Four Seasons Centre for the Performing Arts opera house in Toronto, Ontario. Stantec was also awarded a statewide on-call contract to provide surveying, transportation planning, traffic analysis, and roadway design services for the North Carolina Department of Transportation. "Stantec's success in project delivery has been achieved through a dynamic combination of dedicated employees, enthusiastic teamwork, and supportive clients," adds Franceschini. "We continue to work toward our goal of being one of the top 10 global design firms through the pursuit of orderly and profitable growth." Stantec's Annual Meeting of Shareholders is being held today at 1:00 PM EDT (11:00 AM MDT) at Stantec's Canada West headquarters in Calgary, Alberta, 325 - 25 Street SE. The Q4/Year-End 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 services in infrastructure and facilities. The Company's comprehensive services in planning, engineering, environmental sciences, architecture, interior design, landscape architecture, surveying, and project economics support clients at every stage, from initial concept and financial feasibility to project completion and beyond. Services are offered through more than 3,500 employees operating out of 40 locations in North America and the Caribbean. Stantec trades on the Toronto Stock Exchange under the symbol STN. | | System Account | System Account | | 57 | | 2/27/2003 | Edmonton, Alberta - TSX:STN - For the fourth quarter 2002, gross revenue increased 20.2% to $101.8 million from $84.6 million in 2001. Net income was up 38.1% to $5.8 million from $4.2 million. Basic earnings per share were $0.32 compared to $0.25, an increase of 28.0%.
- For the year-end 2002, Stantec generated record gross revenue of $428.5 million, a 20.0% increase from $356.9 million last year. Net income increased 35.5% to $20.8 million from $15.4 million. Basic earnings per share were 26.1% higher at $1.16 from $0.92.
- Key achievements for 2002 included establishing a significant presence in the Greater Toronto Area in the Urban Land, Environmental Management, and Project Management areas; strengthening the Company's presence in Ottawa, Vancouver, Victoria, Regina, and Saskatoon, as well as Columbia SC, and Sacramento CA; and entering the power, resources, and chemicals services markets.
- Stantec divested its wholly owned, 50-person Gatineau, Quebec office and its minority interest in Winnipeg firm Linnet Geomatics International Inc.
- The Company completed a two-for-one stock split in May 2002.
"2002 marks our 49th consecutive year of profitability and record performance," says Tony Franceschini, Stantec President & CEO. "This year we again proved that our Company is built on a solid foundation-a straightforward business model backed by sound values, financial strength, and passion for our work." The acquisitions completed in 2002 helped to grow Stantec's depth and breadth of services. The Company continued to fulfill its commitment to building its presence in the Greater Toronto Area, starting the year with two offices and 50 employees and growing to four offices and over 300 staff in the area. Other additions to Stantec strengthened existing practices and opened up new markets for the Company. During the first quarter of 2003, the Company added Architectura in Vancouver, making Stantec's architectural and interior design practice one of the largest and most experienced in Canada. "Going forward, our commitment to our shareholders is to continue to do what we have successfully done in the past-continue to execute on our business plan," adds Franceschini. "Our goal is to become one of the top 10 global design firms, and to achieve this objective we will continue to pursue excellence in design and project delivery and follow an orderly growth plan, building on our solid foundation." The Annual General Meeting will be held on May 1, 2003, at 1:00 PM EST (11:00 AM MST) at Stantec's Canada West headquarters in Calgary, Alberta, 325 - 25 Street SE. The Q4/Year-End Conference Call, to be held today at 4:00 PM EST (2:00 PM MST), will be broadcast live and archived on Stantec's web site at stantec.com in the Investor Relations section. Stantec provides professional services in infrastructure and facilities. The Company's comprehensive services in planning, engineering, environmental sciences, architecture, interior design, landscape architecture, surveying, and project economics support clients at every stage, from initial concept and financial feasibility to project completion and beyond. Services are offered through more than 3,500 employees operating out of 40 locations in North America and the Caribbean. Stantec trades on the Toronto Stock Exchange under the symbol STN. | | System Account | System Account | | 58 | | 1/2/2003 | Edmonton, Alberta - TSX:STN Stantec announced today it has completed the acquisition of Architectura, one of Canada's premier design firms. The addition of the Architectura team makes Stantec one of Canada's top comprehensive planning, architecture, and interior design professional services groups, further augmenting Stantec's breadth and depth of services in the infrastructure and facilities market. "Architectura is a key addition to our growing architectural and interior design practice in North America," says Tony Franceschini, Stantec President & CEO. "Their architectural expertise in airports, entertainment attractions, post-secondary, and commercial complements Stantec's in education and healthcare as well as our existing project management, engineering, and landscape architecture disciplines." Since 1971, Architectura has provided clients services in planning, architectural, interior, and graphic design solutions across a wide range of specialties including airports, civic facilities, office, retail, education, mixed-use, hotels and resorts, and entertainment attractions. "We look forward to sharing a successful future with Stantec," says Stanis Smith, Architectura CEO. "As part of Stantec we gain access to a North American network that gives us the ability to provide an unparalleled range of services and expertise to our clients, and more growth opportunities for our staff." The two companies recently shared success working together on the design team for the new Edmonton International Airport. Stantec provides professional services in infrastructure and facilities. The Company's comprehensive services in planning, engineering, environmental sciences, architecture, interior design, landscape architecture, surveying, and project economics support clients at every stage, from initial concept and financial feasibility to project completion and beyond. Services are offered through more than 3,500 employees operating out of 40 locations in North America and the Caribbean. Stantec trades on the Toronto Stock Exchange under the symbol STN. | | System Account | System Account | | 59 | | 7/31/2003 | Edmonton, Alberta - TSX:STN - Gross revenue increased 14.3% to $119.1 million compared to $104.2 million in the second quarter 2002. Net income increased 28.5% to $6.6 million from $5.2 million. Basic earnings per share were 28.6% higher at $0.36 versus $0.28 last year.
- Year-to-date gross revenue increased 20.5% to $227.5 million compared to $188.8 million. Net income increased 36.3% to $11.8 million. Net income year-to-date includes an after-tax gain of $430,000 in the first quarter of 2003 arising from the sale by an affiliate of part of its business. Basic earnings per share increased 30.6% to $0.64 from $0.49 over the first six months of 2002.
- Stantec completed the acquisition of ESG International in Guelph, Ontario. The addition of ESG makes Stantec one of Canada's leading environmental management service providers.
"Our strong results in the second quarter are a result of our robust business model and the dedication of employees throughout the Company," says Tony Franceschini, Stantec President & CEO. "We have been able to overcome a challenging economic environment in our US regions by cross-selling services and exercising cooperation and teamwork between regions and practice areas." An example of that teamwork is in the US Southeast where Stantec is working on the final design of two sections of a regional commuter rail system from Raleigh to Durham NC for the Triangle Transit Authority. Stantec was awarded the contract based on the Company-wide strength in the design of light rail transit systems. In the US Southwest, Stantec's expertise in water treatment and ability to provide a sole source of design services for clients were the reason the Company was selected to provide the design for a 1,900 acre light industrial and business park in Sacramento CA that includes the design of five miles of roadway and a water treatment plant. The plant will be the first in California that will address new arsenic content restrictions. This expertise also helped the Company win a contract with the City of Windsor ON for design and contract administration of the Lou Romano Wastewater Treatment Plant Expansion and Upgrade. The upgrade is the biggest capital work project to be undertaken by the City of Windsor "Our business model has proven successful in mitigating risk and delivering strong results in challenging business environments," says Franceschini. "We remain confident in our strategy and direction and we're on track to be among the top 10 global design firms by 2008." The Q2 Conference Call is being held today at 4:00 PM EDT (2:00 PM MDT). The call will be broadcast live and archived on Stantec's web site at stantec.com in the Investor Relations section. Stantec provides professional services in infrastructure and facilities. The Company's comprehensive services in planning, engineering, environmental sciences, architecture, interior design, landscape architecture, surveying, and project economics support clients at every stage, from initial concept and financial feasibility to project completion and beyond. Services are offered through more than 3,500 employees operating out of 40 locations in North America and the Caribbean. Stantec trades on the Toronto Stock Exchange under the symbol STN. | | System Account | System Account | | 60 | | 11/5/2004 | Edmonton AB - TSX:STN - Gross revenue for the quarter increased 15.7% to $139.8 million compared to $120.8 million in the third quarter of 2003. Net income increased 17.1% to $8.5 million from $7.3 million and basic earnings per share were up 15.0% to $0.46 compared to $0.40 for the same period last year.
- Year to date gross revenue was up 13.1% to $393.9 million from $348.3 million in the third quarter of last year. Net income increased 10.0% to $20.6 million from $18.7 million and basic earnings per share were up 9.8% to $1.12 compared to $1.02.
- Stantec Architecture recently announced the acquisition of Dunlop Architects, one of Toronto's top architecture firms.
“I’m pleased to announce strong results for the third quarter of 2004,” says Tony Franceschini, Stantec President & CEO. “We increased our revenue through a combination of acquisition and internal growth. Also, over the past year we invested resources in our new enterprise system and we are realizing the benefits as we improve on the implementation and use of the system.” Stantec has responded to strong project demand in the Environment area throughout North America. This quarter the Company secured an assignment to provide comprehensive services for an environmental improvement program at Lake Tahoe Basin in El Dorado County, California. This three-year contract will require multi-team project delivery from our Environment, Transportation, Urban Land, and Buildings groups. Other notable environmental projects obtained during the quarter include the design and construction administration of a new municipal water system for Campbell, New York, the detailed design and contract administration of an expansion of the Ayr Wastewater Treatment Plant in Ayr, Ontario, and the development of a master plan for wastewater treatment in Drumheller, Alberta. “As we continue to increase the depth and breadth of our services in our operating regions throughout North America we are well-positioned to take advantage of opportunities the market provides,” says Franceschini. “Our improved internal infrastructure has provided a base to continue building Stantec and reaching our goal of becoming a top ten global design firm.” The Conference Call to discuss the third quarter results, being held today at 4:00 PM EST (2:00 PM MST), will be broadcast live and archived on Stantec’s web site at stantec.com in the Investor Relations section. Stantec provides professional design and consulting services in planning, engineering, architecture, surveying, and project management. 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 more than 4,000 employees operating out of over 50 locations in North America and the Caribbean. Stantec trades on the Toronto Stock Exchange under the symbol STN. | | System Account | System Account | | 61 | | 10/29/2004 | Edmonton AB - TSX:STN Stantec executives, Tony Franceschini, President & CEO, and Don Wilson, Vice President & CFO, will hold a Conference Call to discuss 2004 Q3 results on Thursday, November 4, 2004, commencing 4:00 PM EST (2:00 PM MST, 1:00 PM PST). To participate in the conference call, please contact Simon Stelfox, Investor Relations at (780) 917-7288 to obtain the dial in number and pass code. Once on the call an operator will ask for your name and that of your company. You will then be added to the call with all other participants. Once Tony and Don have completed their remarks, a structured Q&A for investment analysts will follow. Alternatively, you may visit the Investor Relations section of our web site (www.stantec.com) and listen to either a live broadcast or the archived broadcast of this conference call. Stantec provides professional design and consulting services in planning, engineering, architecture, surveying, and project management. 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 more than 4,000 employees operating out of over 50 locations in North America and the Caribbean. Stantec trades on the Toronto Stock Exchange under the symbol STN. | | System Account | System Account | | 62 | | 10/14/2004 | Edmonton AB - TSX:STN Stantec’s President & CEO, Tony Franceschini, has been awarded PSMJ’s first Annual Design Industry Outstanding CEO of the Year Award (large firm category). This prestigious award is unlike any other in the Architecture/Engineering/Construction (A/E/C) industry. The purpose of the award is to identify and provide recognition for outstanding leadership and achievement by a Chief Executive Officer of a design industry firm. “I’m honored to be recognized as a CEO of the Year for the professional services industry by PSMJ,” says Stantec President & CEO, Tony Franceschini. ”In many ways, I see this as getting an individual award for a team sport. The key to Stantec’s success is our people, and as our leader, my role is simply to channel the incredible talent, passion, and skills found at this Company. I am pleased to accept the award on behalf of our over 4,000 staff that work together as one team.” Candidates from all over North America were judged on their performance in a number of categories: Vision and Leadership; Corporate Performance; Global Competitiveness; Innovative Business Achievements; Strategic Quality Planning; Human Resource Management; Quality Results; Information and Analysis; Innovation and Ongoing Improvement; and Social Responsibility. Headquartered in Newton MA, PSMJ Resources provides publications, educational programs, in-house training and consulting services to A/E/C professionals worldwide. According to PSMJ’s chairman, Frank A. Stasiowski, FAIA, Tony Franceschini has made significant contributions to his firm and has positioned Stantec on the course of success. Tony will receive the award today at a reception in Las Vegas NV. Stantec provides comprehensive professional services in planning, engineering, architecture, interior design, landscape architecture, surveying and geomatics, environmental sciences project management, and project economics. The Company supports clients at every stage, from initial concept and financial feasibility to project completion and beyond. Services are offered through more than 4,000 employees operating out of 50 locations in North America and the Caribbean. Stantec trades on the Toronto Stock Exchange under the symbol STN. | | System Account | System Account | | 63 | | 10/12/2004 | Edmonton AB - TSX:STN Stantec announced today that Stantec Architecture Ltd. has completed the acquisition of Dunlop Architects, one of Toronto's top architecture firms. Dunlop brings approximately 100 employees and an architecture practice in Toronto and Hamilton. This addition marks Stantec Architecture's entrance into the Ontario market, expands the Company's architectural and interior design group already one of the largest in the country and enhances the Company's presence in the Greater Toronto Area (GTA). "Dunlop Architects is one of the top firms in Ontario and we're very pleased they have joined with Stantec," says Tony Franceschini, Stantec President & CEO. "With the addition of Dunlop, Stantec Architecture is now one of the top architecture and interior design firms in Canada." Dunlop Architects, a full service architecture firm established in 1953, is recognized as a leader in the design of facilities in the acute and long-term health care, laboratory, justice, civic and institutional, post-secondary educational, entertainment, and high-tech communication markets. The firm provides a wide spectrum of architectural consulting services including architectural design, project management, specifications, contract administration, site review, and facilities programming. "We're excited about joining a dynamic firm like Stantec Architecture because of the opportunities it will create for our employees and clients," says Chris Fillingham, Dunlop Managing Principal. "Our staff gain access to greater technological and financial resources and we can offer our clients a wider range of services." Stantec's architecture and interior design practice now has a presence British Columbia, Alberta, Saskatchewan, Manitoba, and Ontario as well as areas throughout the United States. For more information visit www.announcements.stantec.com/dunlop Stantec provides professional design and consulting services in planning, engineering, architecture, surveying, and project management. 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 more than 4,000 employees operating out of over 50 locations in North America and the Caribbean. Stantec trades on the Toronto Stock Exchange under the symbol STN. | | System Account | System Account | | 64 | | 9/22/2004 | Edmonton AB - TSX:STN Mr. Ron Triffo, P.Eng., Chairman of the Board of Stantec Inc. is pleased to announce the Company will appoint Ms. Susan E. Hartman and Mr. Robert R. Mesel to Stantec’s Board of Directors at the next Board meeting on November 4, 2004. Ms. Hartman and Mr. Mesel will replace Mr. Steve Lister and Mr. Robert Flynn, who after many years of dedicated service to the Company, will be retiring from the Board. Ms. Hartman holds a B.S. in Chemistry and has over 30 years of diversified experience in strategic planning, business management, organizational turnaround, operations, international business development, and mergers and acquisitions. Her career includes a twenty-year period with Eastman Kodak, involving a variety of scientific and managerial positions, culminating as General Manager, Worldwide Film Manufacturing and Supply Chain. In 1993, she left Kodak to start her own management consulting firm, The Hartman Group. Ms. Hartman continues as President of The Hartman Group, leading the company’s consulting services in the areas of strategic and operational planning, overall business assessment, process optimization and project management. Ms. Hartman resides in Rochester, New York. Mr. Mesel holds a BBA in Accounting from Canisius College, in Buffalo New York and an MBA from State University of New York. Over his business career, he has held a number of senior executive positions, covering the broad spectrum of finance, administration and operations, with The Carborundum Company, Chase Brass & Copper Company, and BP America. In 1997 he retired as President, BP Chemicals, Inc. Mr. Mesel resides in Kiawah Island, South Carolina. “As part of our succession planning for the Board, the Corporate Governance and Compensation Committee has been actively engaged in a Director search process and we are extremely pleased with the credentials of our nominees, Ms. Hartman and Mr. Mesel, as replacements for two very talented Directors”, said Mr. Triffo. Mr. Lister has served on the Board since its initial public offering in 1994. Mr. Flynn has served since 1995. “On behalf of the Board of Directors, I would like to express our appreciation to Messrs Lister and Flynn for their dedication and contribution to the success of Stantec and, at the same time, welcome Ms. Hartman and Mr. Mesel to the Board”, said Mr. Triffo. For detailed resumes, please visit www.stantec.com/news Stantec provides professional design and consulting services in planning, engineering, architecture, surveying, and project management. 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 more than 4,000 employees operating out of over 50 locations in North America and the Caribbean. Stantec trades on the Toronto Stock Exchange under the symbol STN. | | System Account | System Account | | 65 | | 9/9/2004 | Edmonton AB - TSX:STN Stantec announced today it has reached an agreement in principle to acquire one of Toronto’s top architecture firms, Dunlop Architects, which also has an office in Hamilton. The addition of Dunlop’s approximately 100 employees will add to Stantec’s architectural and interior design group—already one of the largest in the country—and enhance the Company’s presence in the Greater Toronto Area (GTA). “We have built a very successful and respected architectural practice in western Canada,” says Tony Franceschini, Stantec President & CEO. “The addition of Dunlop moves us to one of the top architectural firms in the country and increases Stantec’s presence in the GTA.” Dunlop Architects, a full service architecture firm established in 1953, is recognized as a leader in the design of facilities in the acute and long-term health care, laboratory, justice, civic and institutional, post-secondary educational, entertainment, and high-tech communication markets. The firm provides a wide spectrum of architectural consulting services including architectural design, project management, specifications, contract administration, site review, and facilities programming. “We’re looking forward to joining with Stantec because of the opportunities it will create for our employees and clients,” says Chris Fillingham, Dunlop Managing Principal. “Our staff will be gaining access to greater technological and financial resources and get the opportunity to work on projects throughout North America while also being able to offer a wider range of services to our clients.” The transaction is expected to be complete by mid-October. For more information visit http://announcements.stantec.com/dunlop Stantec provides professional design and consulting services in planning, engineering, architecture, surveying, and project management. 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 more than 4,000 employees operating out of over 50 locations in North America and the Caribbean. Stantec trades on the Toronto Stock Exchange under the symbol STN. | | System Account | System Account | | 66 | | 8/5/2004 | Edmonton AB - TSX:STN - Gross revenue for the second quarter of 2004 was $136.8 million compared to $119.1 million in the second quarter of 2003, an increase of 14.9%. Net income was at $6.4 million compared to $6.5 million for the second quarter of 2003. Basic earnings per share were unchanged at $0.35.
- Year-to-date 2004 gross revenue was $254.1 million compared to $227.5 million in 2003, an increase of 11.7%, while net income increased 5.5% to $12.1 million from $11.5 million. Basic earnings per share were up 4.8% to $0.66 from $0.63 over the first six months of 2003.
- Stantec completed the acquisition and integration of Sear-Brown (over 400 employees, 10 offices) opening up a new geographic market in the US Northeast and a new practice area in the bio/pharmaceuticals industry. The Company also acquired GBR Architects of Winnipeg MB, adding 35 employees to the Architecture & Interior Design practice area.
“In the second quarter, we focused on integrating Sear-Brown, our largest acquisition to date, into our operations,” says Tony Franceschini, Stantec President & CEO. “We also continued to improve on the implementation of our enterprise system and as a result improved our cash position, which was reflected in $20.1 million in cash from operating activities this quarter, compared to $6.7 million in the same quarter last year.” While strengthening its internal infrastructure, Stantec continues to succeed in securing diverse projects in all practice areas enhancing its position as a top-tier design firm. In Nevada, Stantec was the only private consultant invited to be a member of the Nevada Department of Transportation High Performance Concrete Task Force to research and develop specifications for concrete structures with a durability of 50 to 75 years. In Ontario Stantec is providing full program and project management services for the Courtice Waste Pollution Control Plant in the Region of Durham. This water treatment plant is one of the largest current municipal water infrastructure projects in that province. The Company has also been selected to provide architecture and interior design services for an airport terminal project in Niagara Falls, New York. “The improvements to our internal systems and the additions to our operations provide a foundation that will support our firm to 10,000 employees and beyond,” adds Franceschini. “Our strategy, combined with the dedication of our employees, has kept us on track to become a top 10 global design firm by 2008.” The Conference Call to discuss the second quarter results, being 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 comprehensive professional services in planning, engineering, architecture, interior design, landscape architecture, surveying and geomatics, environmental sciences, project management, and project economics. The Company supports clients at every stage, from initial concept and financial feasibility to project completion and beyond. Services are offered through more than 4,000 employees operating out of 50 locations in North America and the Caribbean. Stantec trades on the Toronto Stock Exchange under the symbol STN. | | System Account | System Account | | 67 | | 7/30/2004 | Edmonton AB - TSX:STN Stantec executives, Tony Franceschini, President & CEO, and Don Wilson, Vice President & CFO, will hold a Conference Call to discuss 2004 Q2 results on Thursday, August 5, 2004, commencing 4:00 PM EDT (2:00 PM MDT, 1:00 PM PDT). To participate in the conference call, please contact Simon Stelfox, Investor Relations at (780) 917-7288 to obtain the dial in number and pass code. Once on the call an operator will ask for your name and that of your company. You will then be added to the call with all other participants. Once Tony and Don have completed their remarks, a structured Q&A for investment analysts will follow. Alternatively, you may visit the Investor Relations section of our web site (www.stantec.com) and listen to either a live broadcast or the archived broadcast of this conference call. Stantec provides comprehensive professional services in planning, engineering, architecture, interior design, landscape architecture, surveying and geomatics, environmental sciences, project management, and project economics. The Company supports clients at every stage, from initial concept and financial feasibility to project completion and beyond. Services are offered through more than 4,000 employees operating out of 50 locations in North America and the Caribbean. Stantec trades on the Toronto Stock Exchange under the symbol STN. | | System Account | System Account | | 68 | | 6/1/2004 | EDMONTON AB - TSX:STN Stantec announced today it has completed the acquisition of GBR Architects, a 35-person firm in Winnipeg, Manitoba. GBR is an architectural, planning, interior design, and facility management consulting firm. The addition increases Stantec’s presence in Winnipeg and bolsters the Company’s Architecture & Interior Design practice. “GBR brings Stantec a talented group of architects and interior designers,” says Tony Franceschini, Stantec President & CEO. “This strategic acquisition increases our service offering to clients in Manitoba and gives our Architecture & Interior Design group a presence in every province in western Canada.” Founded in 1932, GBR is a premier firm recognized throughout Canada for design excellence, innovation, and dedication to client service. The company provides a full scope of architectural services with expertise in planning and managing the complex design process, from the development of a statement of need to successful project completion. GBR has a depth and wealth of experience across a wide range of project sectors including healthcare, educational, institutional, transportation, specialized research, biotechnology, commercial, and housing environments. “Joining Stantec gives our employees the opportunity to expand their reach by working on projects throughout North America,” says Verne Reimer, GBR Managing Principal who will continue with Stantec. “We’re gaining access to a network of over 4,000 employees along with increased technological and financial resources, all which will allow us to better serve our clients.” Stantec recently announced first quarter earnings that saw the Company’s basic earnings per share increase 14.8%, gross revenue increase 8.2%, and net income up 12.9%. For more information visit www.stantec.com/gbr. Stantec provides professional design and consulting services in planning, engineering, architecture, surveying, and project management. 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 more than 4,000 employees operating out of over 50 locations in North America and the Caribbean. Stantec trades on the Toronto Stock Exchange under the symbol STN. | | System Account | System Account | | 69 | | 5/27/2004 | EDMONTON AB - TSX:STN Stantec Inc. announced today that a Notice of Intention to commence a Normal Course Issuer Bid has been filed with, and accepted by, the Toronto Stock Exchange, pursuant to which Stantec may purchase up to 554,388 of its common shares, representing approximately 3% of the shares. Stantec had a total of 18,479,618 common shares outstanding as at May 15, 2004. The purchases may commence on June 1, 2004, and will terminate on May 31, 2005 or on such earlier date as Stantec may complete its purchases pursuant to the Notice of Intention. Stantec will make the purchases in accordance with the rules and policies of the exchange, 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 will make no purchases of common shares other than open-market purchases. Due to the early termination, effective on May 31, 2004, of Stantec’s current Normal Course Issuer Bid, which commenced on September 9, 2003 and was to have terminated on September 8, 2004, during the period from June 1, 2004 to September 8, 2004, Stantec will also be subject to the restrictions placed in respect of that bid. As a result, during this period, the number of Common Shares purchased in any 30 day period cannot aggregate more than 2% (366,874 Common Shares) of the number of Common Shares issued and outstanding as at August 31, 2003 and, in addition, the number of Common Shares purchased during the 12-month period from September 9, 2003 to September 8, 2004 cannot exceed more than 3% (550,311 Common Shares) of the number of Common Shares issued and outstanding as at August 31, 2003. As at August 31, 2003, there were a total of 18,343,684 Common Shares issued and outstanding. 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, the Company 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 15, 2004, pursuant to its normal course issuer bid in place since September 9, 2003, Stantec has purchased 42,600 common shares at an average price of $22.32 per share. As noted above, Stantec’s current Normal Course Issuer Bid, which was to have expired on September 8, 2004 has been terminated effective May 31, 2004. Stantec provides comprehensive professional services in planning, engineering, architecture, interior design, landscape architecture, surveying and geomatics, environmental sciences project management, and project economics. The Company supports clients at every stage, from initial concept and financial feasibility to project completion and beyond. Services are offered through more than 4,000 employees operating out of 50 locations in North America and the Caribbean. Stantec trades on the Toronto Stock Exchange under the symbol STN. | | System Account | System Account | | 70 | | 5/6/2004 | EDMONTON AB - TSX:STN - Basic earnings per share were 14.8% higher at $0.31 versus $0.27 in the first quarter 2003. Gross revenue increased 8.2% to $117.3 million compared to $108.4 million. Net income increased 12.9% to $5.7 million from $5.0 million last year.
- Stantec announced its intent to acquire Rochester-based Sear-Brown in the first quarter and completed the acquisition in early April. Sear-Brown is the largest acquisition for Stantec in the Company’s 50-year history, adding 10 offices and over 400 employees.
“I’m pleased to announce solid results for Stantec’s first quarter of 2004, marking 41 straight quarters of profitability since the Company began trading publicly in 1994,” says Tony Franceschini, Stantec President & CEO. “This quarter we further diversified our operations with the acquisition of Sear-Brown which opened a new operating region in the US Northeast and added a new practice area in the Bio/Pharmaceuticals sector.” Strategic acquisitions in 2003 bolstered Stantec’s operations in the Buildings sector and project activity in the first quarter of 2004 reflects the Company’s standing as a top-tier building design firm. Stantec’s Architecture and Interior Design group became the first design firm in Canada to obtain ISO-14001 registration. ISO-14001 is the International Environmental Standard relating to sustainable design and office practices and this certification positions Stantec on the leading edge of the sustainability movement. The Company’s Sacramento office is providing architecture, surveying, civil, mechanical, and electrical engineering services on a warehouse project for the Department of Defense located in Tracy, California. In Halifax, Nova Scotia, Stantec will be performing Project Management support for improvements at the Halifax International Airport while in Calgary, Alberta, the Company is working on the Master Plan for an expansion of the Rocky View General Hospital. “Our results this quarter reflected our continuing commitment to execute our focused business strategy,” adds Franceschini. “As we celebrate our first 50 years at our Annual Meeting today we are pleased to be embarking on our next 50 years with a strong performance in the first quarter.” Stantec’s Annual Meeting of Shareholders is being held today at 1:00 PM EDT (11:00 AM MDT) at Stantec’s head office in Edmonton, Alberta, 10160 – 112 Street. The Q4/Year-End 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 comprehensive professional services in planning, engineering, architecture, interior design, landscape architecture, surveying and geomatics, environmental sciences, project management, and project economics. The Company supports clients at every stage, from initial concept and financial feasibility to project completion and beyond. Services are offered through more than 4,000 employees operating out of 50 locations in North America and the Caribbean. Stantec trades on the Toronto Stock Exchange under the symbol STN. | | System Account | System Account | | 71 | | 4/5/2004 | Edmonton, AB - TSX:STN Stantec is adding over 400 employees and 10 office locations with the completion of the previously announced acquisition of Rochester, New York headquartered firm Sear-Brown. The addition opens up a new geographic market for Stantec in the US Northeast and a new practice area in the Bio/Pharmaceuticals industry. "We are pleased that all Sear-Brown shareholder and other approvals have been received and that we will be proceeding with new market initiatives for Stantec," says Tony Franceschini, Stantec President & CEO. "First, we are gaining a strong geographic presence in New York State providing a foundation for growth in an important market. Second, we are gaining a new practice area in the Bio/Pharmaceuticals industry which we believe will be a growth market for us." Sear-Brown, founded in 1955 specializes in core markets that include Advanced Manufacturing, Bio/Pharmaceuticals Facilities, Educational Facilities, Healthcare Facilities, Land Development, Municipal Facilities, Retail/Commercial Development, Transportation, and Water and Environment. Stantec will integrate new offices in Rochester, Albany, Binghamton, Buffalo, Melville, and Syracuse in New York State; Fort Collins in Colorado; Cleveland, Ohio; State College Pennsylvania; and Guaynabo, Puerto Rico. Sear-Brown's Denver employees will join with Stantec's existing Denver location. The Hillsborough office has been sold to the employees as part of the acquisition agreement. The acquired Sear-Brown employees and offices generated approximately US$42 million in revenues in 2003. "We are looking forward to joining with a dynamic and successful firm like Stantec," says Mark Lang, who will continue with Stantec as Vice President, New York Region. "Our employees are energized by the opportunities that come with working in a large global firm and our existing clients can look forward to a wider depth and breadth of service offering and access to expertise from across North America." Stantec now has 27 offices and approximately 1,500 employees in 12 states throughout the US. The Company is celebrating 50 years in business during 2004 and has been profitable every year since its founding in 1954. Stantec recently released year-end results that saw gross revenue increase 7.3% to $459.9 million and net income increase 24.2% to $25.1 million. Stantec's goal is to be a top 10 global design firm by 2008. For more information visit www.stantec.com/searbrown Stantec provides comprehensive professional services in planning, engineering, architecture, interior design, landscape architecture, surveying and geomatics, environmental sciences project management, and project economics. The Company support clients at every stage, from initial concept and financial feasibility to project completion and beyond. Services are offered through more than 4,000 employees operating out of 50 locations in North America and the Caribbean. Stantec trades on the Toronto Stock Exchange under the symbol STN. | | System Account | System Account | | 72 | | 2/26/2004 | Edmonton, Alberta - TSX:STN - For the year-end 2003, Stantec generated gross revenue of $459.9 million, a 7.3% increase from $428.5 million last year. Net income increased 24.2% to $25.1 million from a restated $20.2 million* in 2002. Basic earnings per share were 22.3% higher at $1.37 compared to restated basic earnings per share of $1.12* in 2002.
- In the fourth quarter 2003, gross revenue increased 9.7% to $111.6 million from $101.7 million in 2002. Net income was up 12.2% to $6.3 million compared to a restated $5.6 million* in 2002. Basic earnings per share increased 12.9% to $0.35 compared to restated basic earnings per share of $0.31*.
- Key achievements for 2003 were the addition of two firms, Architectura in Vancouver BC and ESG International in Guelph ON. The Company also invested in a new enterprise information technology system, new human resources programs, and focused on the integration of the 10 acquisitions completed in 2002.
* 2002 and 2001 results have been restated to adjust the accounting for the allocation of the purchase price of acquisitions completed since July 1, 2001. See following section Adjustment of 2001 and 2002 results. "This year represents a number of milestones for Stantec," says Tony Franceschini, Stantec President & CEO. "It is our 50th year in business and we've been profitable every year for a half century, it is our 10th year as a public company, and we are on track at the mid-way point of our 10-year plan to make us one of the top 10 global design firms." In the first quarter 2004 Stantec announced it signed a letter of intent to acquire Rochester NY-based Sear-Brown, a professional services firm with approximately 500 employees and 13 offices in the US and Puerto Rico. The transaction, if concluded, will result in the largest acquisition in Stantec's history and create a new operating region in the northeast US along with a new service area in the biotechnology and pharmaceuticals sector. "Our strong performance in 2003 reflects the dedication of our employees to our strategic plan," says Franceschini. "They have worked extremely hard this year to implement and adapt to new processes and systems to make Stantec more efficient. It's because of their hard work that we are now positioned for further growth and on track to meet our goal of becoming one of the top 10 design firms in the world." The Annual General Meeting will be held on May 6, 2004, at 1:00 PM EST (11:00 AM MST) at Stantec's headquarters in Edmonton, Alberta, 10160-112th Street. The Q4/Year-End Conference Call, being held today at 4:00 PM EST (2:00 PM MST), will be broadcast live and archived on Stantec's web site at stantec.com in the Investor Relations section. Adjustment of 2001 and 2002 results The 2001 and 2002 results have been restated to adjust the accounting for the allocation of the purchase price of acquisitions completed since July 1, 2001. During the preparation of its 2003 financial statements the Company determined, with the assistance of independent valuators, that the intangible assets acquired in acquisitions completed subsequent to July 1, 2001 had not been appropriately reflected in the allocation of the purchase price. As a result, a portion of our goodwill for post July 1, 2001, acquisitions has been allocated to identifiable intangible assets (primarily contract backlog and client relationships) and charged to earnings over the estimated useful lives of these intangible assets on a straight-line basis. For contract backlog, the amortization period ranges from six to 12 months, and for client relationships, the amortization period ranges from 10 to 15 years. The impact of this change is more fully described in note 2 to the attached consolidated financial statements. It is important to note that these restatements have no impact on cash flow. They reflect only the reclassification and amortization of certain intangible assets acquired at the time of acquisition of businesses. While the balance sheet value of certain of these assets, especially contract backlog and client relationships, is declining due to the amortization, the Company continues to generate new contract backlog and client relationship assets that are not reflected on the balance sheet. The following is a summary of changes to the 2001 and 2002 income statements: | (in thousands of dollars, except earnings per share amounts) | 2001 $ | 2002 $ | | Net income for the year, as previously reported | 15,381 | 20,846 | | Less amortization of intangible assets | (18) | (1,079) | | Future income tax benefit | 7 | 425 | | Net income for the year, as restated | 15,370 | 20,192 | | Earnings per share | | | | Basic, as previously reported | 0.92 | 1.16 | | Basic, as restated | 0.92 | 1.12 | | Diluted, as previously reported | 0.89 | 1.11 | | Diluted, as restated | 0.88 | 1.07 | Stantec provides professional services in infrastructure and facilities. The Company's comprehensive services in planning, engineering, environmental sciences, architecture, interior design, landscape architecture, surveying, and project economics support clients at every stage, from initial concept and financial feasibility to project completion and beyond. Services are offered through 4,000 employees operating out of 40 locations in North America and the Caribbean. Stantec trades on the Toronto Stock Exchange under the symbol STN. | | System Account | System Account | | 73 | | 1/16/2004 | Edmonton, Alberta - TSX:STN Stantec has signed a letter of intent to acquire Rochester NY-based Sear-Brown, a professional services firm with approximately 500 employees and 13 offices in the US and Puerto Rico. The transaction subject to satisfactory due diligence, regulatory approval, and Sear-Brown shareholder approval represents the largest acquisition to date for Stantec and opens a new operating region in the Northeast US. The acquisition is expected to close at the end of March 2004. "Sear-Brown's full service offering in engineering, architecture, and planning complements Stantec's existing services and will give our Company a strong presence in New York State as well as an emerging presence in Pennsylvania, and Ohio key market areas in the US," says Tony Franceschini, Stantec President & CEO. "The addition of Sear-Brown is an important step in Stantec's path to become one of the top 10 global design firms by providing a solid foothold for further growth in the Northeast US region and in the biotechnology and pharmaceuticals sector." Since its founding in 1955 in Rochester, Sear-Brown has grown into a premier design firm adding six New York State offices in Albany, Binghamton, Buffalo, Melville, Rouses Point, and Syracuse; two Colorado offices in Fort Collins and Denver; and offices in Hillsborough, North Carolina; Cleveland, Ohio; State College, Pennsylvania; and Guaynabo, Puerto Rico. Sear-Brown's 500 employees specialize in core markets that include Advanced Manufacturing, Biopharmaceuticals Facilities, Educational Facilities, Healthcare Facilities, Municipal Facilities, Retail/Commercial Development, Transportation, Land Development, and Water and Environment. "Joining forces with Stantec represents the next chapter in Sear-Brown's incredible 50-year history," says Sue Hartman, Chairman of the Board of Sear-Brown. "We're very excited about the opportunities that this union provides for our clients and our employees, including access to new markets, technical skills, and technology." In 2003, Sear-Brown's revenues were approximately US$50 million. Stantec currently has 18 offices in the US including two in New York State in Lancaster and Amherst. For more information visit www.stantec.com/searbrown Stantec provides professional services in infrastructure and facilities. The Company's comprehensive services in planning, engineering, environmental sciences, architecture, interior design, landscape architecture, surveying, and project economics support clients at every stage, from initial concept and financial feasibility to project completion and beyond. Services are offered through more than 4,000 employees operating out of 40 locations in North America and the Caribbean. Stantec trades on the Toronto Stock Exchange under the symbol STN. | | 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 | | 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 | | 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 | | 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 | | 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 | | 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 | | 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 | | 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 | | 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 | | 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 | | 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 | | 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 | | 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 | | 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 | | 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 | | 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 | | 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 | | 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 | | 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 | | 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 | | 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 | | 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 | | 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 | | 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 | | 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 | | 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 | | 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 | | 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 |
|
| View in Web Browser | /_layouts/images/ichtmxls.gif | /_layouts/xlviewer.aspx?listguid={ListId}&itemid={ItemId}&DefaultItemOpen=1 | 0x0 | 0x1 | FileType | xlsx | 255 | | View in Web Browser | /_layouts/images/ichtmxls.gif | /_layouts/xlviewer.aspx?listguid={ListId}&itemid={ItemId}&DefaultItemOpen=1 | 0x0 | 0x1 | FileType | xlsb | 255 | | Snapshot in Excel | /_layouts/images/ewr134.gif | /_layouts/xlviewer.aspx?listguid={ListId}&itemid={ItemId}&Snapshot=1 | 0x0 | 0x1 | FileType | xlsx | 256 | | Snapshot in Excel | /_layouts/images/ewr134.gif | /_layouts/xlviewer.aspx?listguid={ListId}&itemid={ItemId}&Snapshot=1 | 0x0 | 0x1 | FileType | xlsb | 256 |
|
|
|
|
|