Stantec announces 2024 – 2026 Strategic Plan to deliver purpose driven growth
Published on by Water Network Research, Official research team of The Water Network in Business
Stantec Inc. (Stantec or the Company), a global leader in sustainable design and engineering, today released the highlights of its 2024 – 2026 Strategic Plan, including its three-year financial targets and guidance for 2024.
Three-Year Strategic Plan
By the end of 2026, Stantec aims to achieve:
- Net revenue of $7.5 billion
- Organic net revenue1 growth at a three-year compound annual growth rate (CAGR) of greater than 7%
- Adjusted EBITDA1 margin in the range of 17% to 18%
- Adjusted diluted earnings per share (EPS)1 at a CAGR in the range of 15% to 18%
“While we still have one month to go before completing our 2020 Strategic Plan, we are incredibly proud of what we have accomplished over the last four years. The hard work and dedication of our people has delivered significant shareholder value,” said Gord Johnston, Stantec president and CEO. “Stantec is truly firing on all cylinders, and that’s why we are so excited to share where we are going in the next three years, and the continued value we will create through our bold new Strategic Plan.”
In charting the course for the next phase of Stantec’s journey, the Company sought to revalidate its understanding of the challenges that clients and communities are facing, and the drivers behind them. Stantec has identified key global trends and drivers that are re-shaping the world and has focused its go-forward plans on three broad strategic growth initiatives: Climate Solutions, Communities and Infrastructure of the Future, and Future Technology. These initiatives form the foundation of Stantec’s organic growth plans for the next three years.