Stantec reports solid first quarter 2021 results with $0.50 adjusted diluted earnings per share and 5.8% organic backlog growth; reaffirms 2021 guidance
May 5, 2021
2021 is off to a solid start. Despite net revenue retracting organically relative to a pre-pandemic Q1 2020 as expected, we delivered increased earnings and cash flows thanks to the diligence of our employees around the world. We remain confident in our ability to deliver on our organic growth expectations over the balance of the year and are pleased with the 5.8% organic growth in our backlog this quarter.
As the industry leader in UN Sustainable Development Goal-related revenue, we are well positioned to address any opportunities that emerge from recent climate change commitments made around the globe and stimulus spending on sustainable infrastructure. We expect this to create a tailwind for us in the latter part of this year and beyond.
President & CEO