Stantec released the highlights of its 2024-2026 Strategic Plan, including its three-year financial targets and guidance for 2024. By the end of 2026, Stantec aims to achieve: net revenue of $7.5B, organic net revenue growth at a three-year compound annual growth rate of greater than 7%; adjusted EBITDA margin in the range of 17%-18%: adjusted diluted EPS at a CAGR of 15%-18%. 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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on STN:
- Stantec Announces 2024 – 2026 Strategic Plan to Deliver Purpose Driven Growth
- Stantec price target raised to C$110 from C$101 at CIBC
- Stantec price target raised to C$107 from C$104 at BMO Capital
- Stantec Closes $288 Million Bought Deal Offering of Common Shares
- Stantec to launch 2024 – 2026 Strategic Plan at Investor Day on December 5, 2023
