<p>斯坦泰克（TSE:STN）召開了第三季度財報電話會議。以下是會議的主要亮點。</p>
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<p>斯坦泰克最近的財報電話會議傳達了強烈的樂觀和韌性，得益於令人印象深刻的財務表現。公司報告了顯著的收入和調整後 EBITDA 增長，尤其是在水務和能源部門。儘管聯邦合同簽署方面存在一些挑戰，影響了訂單可見性，但整體情緒仍然積極，對未來增長前景充滿信心。</p>
<h2>強勁的收入增長</h2>
<p>斯坦泰克報告第三季度淨收入顯著增加，達到 17 億美元。這比去年同期增長了近 12%，得益於有機增長和收購增長，均超過 5%。這一強勁的收入增長凸顯了公司的成功擴張策略。</p>
<h2>創紀錄的調整後 EBITDA 利潤率</h2>
<p>公司實現了創紀錄的調整後 EBITDA 利潤率為 19%，比去年第三季度提高了 100 個基點。這個里程碑反映了斯坦泰克有效的成本管理和運營效率，為其強勁的財務表現做出了貢獻。</p>
<h2>水務和能源部門的顯著增長</h2>
<p>斯坦泰克的水務業務表現出近 13% 的顯著有機增長，而能源與資源部門則實現了接近 10% 的增長。這些領域在特定地區也經歷了兩位數的增長，突顯了它們在公司整體成功中的關鍵作用。</p>
<h2>美國市場的強勁表現</h2>
<p>在美國，斯坦泰克第三季度淨收入增長超過 14%，有機增長為 4.6%，收購增長為 9%。在美國市場的強勁表現凸顯了公司抓住機會並擴大在關鍵地區影響力的能力。</p>
<h2>令人印象深刻的調整後每股收益增長</h2>
<p>斯坦泰克報告的調整後每股收益較 2024 年第三季度增長了 17.7%。每股收益的增長反映了公司的穩健財務健康狀況及其為股東創造價值的能力。</p>
<h2>合同訂單積壓增加</h2>
<p>公司的合同訂單積壓達到了 84 億美元，同比增長近 15%。這一積壓相當於大約 13 個月的工作量，為未來的收入來源提供了堅實基礎。</p>
<h2>強勁的現金流和流動性</h2>
<p>截至目前的經營現金流較 2024 年激增 86%，得益於強勁的收入增長和運營表現。現金流的增加增強了斯坦泰克的財務靈活性和投資戰略舉措的能力。</p>
<h2>美國市場的訂單積壓增長平穩</h2>
<p>儘管整體表現積極，斯坦泰克在美國的訂單積壓年初至今增長平穩。這一停滯主要歸因於採購週期放緩和項目簽署延遲，為該市場未來的增長帶來了挑戰。</p>
<h2>聯邦合同面臨挑戰</h2>
<p>由於政府停擺和程序變更，美國市場在聯邦合同簽署方面面臨挑戰，影響了訂單可見性。這些挑戰突顯了在複雜的聯邦合同環境中進行戰略調整的必要性。</p>
<h2>前瞻性指導</h2>
<p>展望未來，斯坦泰克對其增長前景保持樂觀。公司調整了全年淨收入增長指導，並將調整後 EBITDA 利潤率展望提高至 17.2-17.5%。隨着基礎設施、能源轉型和關鍵任務設施等領域的持續需求，斯坦泰克預計將實現持續增長和盈利能力。</p>
<p>總之，斯坦泰克的財報電話會議描繪了一幅公司在強勁增長軌道上的圖景，得益於關鍵部門和市場的強勁表現。儘管面臨一些挑戰，但整體情緒積極，明確聚焦於戰略增長和運營卓越。投資者和利益相關者可以期待斯坦泰克在不斷變化的市場環境中繼續取得成功。</p>

斯坦泰克

<p>Stantec 的第三季度財報電話會議強調了強勁的增長和樂觀情緒，尤其是在水務和能源領域，收入和調整後的 EBITDA 均實現了顯著增長。淨收入增長 12%，達到 17 億美元，調整後的 EBITDA 利潤率創下 19% 的歷史新高。美國市場的收入增長超過 14%。面臨的挑戰包括美國的 backlog 增長持平以及聯邦合同問題。儘管如此，Stantec 依然保持樂觀，調整了收入增長指引，並提高了 EBITDA 利潤率的展望</p>

<p>Stantec ((TSE:STN)) has held its Q3 earnings call. Read on for the main highlights of the call.</p>
<div class="lb-trans"><p>斯坦泰克（TSE:STN）召開了第三季度財報電話會議。以下是會議的主要亮點。</p>
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<li>訂閲 TipRanks 的智能投資者精選，通過我們高表現的模型投資組合查看我們的數據 - 現在也享受 60% 的折扣。</li>
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</div><p>Stantec’s recent earnings call conveyed a strong sense of optimism and resilience, driven by impressive financial performance. The company reported significant revenue and adjusted EBITDA growth, particularly in its Water and Energy segments. Despite some challenges with federal contract signings affecting backlog visibility, the overall sentiment was positive, with a promising outlook for future growth.</p>
<div class="lb-trans"><p>斯坦泰克最近的財報電話會議傳達了強烈的樂觀和韌性，得益於令人印象深刻的財務表現。公司報告了顯著的收入和調整後 EBITDA 增長，尤其是在水務和能源部門。儘管聯邦合同簽署方面存在一些挑戰，影響了訂單可見性，但整體情緒仍然積極，對未來增長前景充滿信心。</p>
</div><h2>Strong Revenue Growth</h2>
<div class="lb-trans"><h2>強勁的收入增長</h2>
</div><p>Stantec reported a notable increase in net revenue, reaching $1.7 billion in Q3 2025. This marks an almost 12% rise compared to the same quarter last year, fueled by both organic and acquisition growth, each exceeding 5%. This robust revenue growth underscores the company’s successful expansion strategies.</p>
<div class="lb-trans"><p>斯坦泰克報告第三季度淨收入顯著增加，達到 17 億美元。這比去年同期增長了近 12%，得益於有機增長和收購增長，均超過 5%。這一強勁的收入增長凸顯了公司的成功擴張策略。</p>
</div><h2>Record-High Adjusted EBITDA Margin</h2>
<div class="lb-trans"><h2>創紀錄的調整後 EBITDA 利潤率</h2>
</div><p>The company achieved a record-high adjusted EBITDA margin of 19%, a 100 basis point improvement from Q3 of the previous year. This milestone reflects Stantec’s effective cost management and operational efficiency, contributing to its strong financial performance.</p>
<div class="lb-trans"><p>公司實現了創紀錄的調整後 EBITDA 利潤率為 19%，比去年第三季度提高了 100 個基點。這個里程碑反映了斯坦泰克有效的成本管理和運營效率，為其強勁的財務表現做出了貢獻。</p>
</div><h2>Significant Growth in Water and Energy Segments</h2>
<div class="lb-trans"><h2>水務和能源部門的顯著增長</h2>
</div><p>Stantec’s Water business demonstrated remarkable organic growth of nearly 13%, while the Energy &amp; Resources segment delivered close to 10% growth. These sectors also experienced double-digit growth in specific geographies, highlighting their pivotal role in the company’s overall success.</p>
<div class="lb-trans"><p>斯坦泰克的水務業務表現出近 13% 的顯著有機增長，而能源與資源部門則實現了接近 10% 的增長。這些領域在特定地區也經歷了兩位數的增長，突顯了它們在公司整體成功中的關鍵作用。</p>
</div><h2>Strong Performance in U.S. Market</h2>
<div class="lb-trans"><h2>美國市場的強勁表現</h2>
</div><p>In the U.S., Stantec’s net revenue increased by over 14% in Q3, with organic growth at 4.6% and acquisition growth at 9%. This strong performance in the U.S. market underscores the company’s ability to capitalize on opportunities and expand its presence in key regions.</p>
<div class="lb-trans"><p>在美國，斯坦泰克第三季度淨收入增長超過 14%，有機增長為 4.6%，收購增長為 9%。在美國市場的強勁表現凸顯了公司抓住機會並擴大在關鍵地區影響力的能力。</p>
</div><h2>Impressive Adjusted EPS Growth</h2>
<div class="lb-trans"><h2>令人印象深刻的調整後每股收益增長</h2>
</div><p>Stantec reported a 17.7% increase in adjusted EPS compared to Q3 2024. This growth in earnings per share reflects the company’s solid financial health and its ability to deliver value to shareholders.</p>
<div class="lb-trans"><p>斯坦泰克報告的調整後每股收益較 2024 年第三季度增長了 17.7%。每股收益的增長反映了公司的穩健財務健康狀況及其為股東創造價值的能力。</p>
</div><h2>Increase in Contract Backlog</h2>
<div class="lb-trans"><h2>合同訂單積壓增加</h2>
</div><p>The company’s contract backlog reached $8.4 billion, representing an almost 15% increase year-over-year. This backlog equates to approximately 13 months of work, providing a strong foundation for future revenue streams.</p>
<div class="lb-trans"><p>公司的合同訂單積壓達到了 84 億美元，同比增長近 15%。這一積壓相當於大約 13 個月的工作量，為未來的收入來源提供了堅實基礎。</p>
</div><h2>Strong Cash Flow and Liquidity</h2>
<div class="lb-trans"><h2>強勁的現金流和流動性</h2>
</div><p>Year-to-date operating cash flows surged by 86% compared to 2024, driven by strong revenue growth and operational performance. This increase in cash flow enhances Stantec’s financial flexibility and ability to invest in strategic initiatives.</p>
<div class="lb-trans"><p>截至目前的經營現金流較 2024 年激增 86%，得益於強勁的收入增長和運營表現。現金流的增加增強了斯坦泰克的財務靈活性和投資戰略舉措的能力。</p>
</div><h2>Flat Backlog Growth in U.S.</h2>
<div class="lb-trans"><h2>美國市場的訂單積壓增長平穩</h2>
</div><p>Despite the overall positive performance, Stantec experienced flat backlog growth in the U.S. year-to-date. This stagnation is largely attributed to slower procurement cycles and delays in project signings, presenting a challenge for future growth in this market.</p>
<div class="lb-trans"><p>儘管整體表現積極，斯坦泰克在美國的訂單積壓年初至今增長平穩。這一停滯主要歸因於採購週期放緩和項目簽署延遲，為該市場未來的增長帶來了挑戰。</p>
</div><h2>Challenges in Federal Contracting</h2>
<div class="lb-trans"><h2>聯邦合同面臨挑戰</h2>
</div><p>The U.S. market faced challenges with federal contract signings due to government shutdowns and procedural changes, impacting backlog visibility. These challenges highlight the need for strategic adjustments to navigate the complex federal contracting landscape.</p>
<div class="lb-trans"><p>由於政府停擺和程序變更，美國市場在聯邦合同簽署方面面臨挑戰，影響了訂單可見性。這些挑戰突顯了在複雜的聯邦合同環境中進行戰略調整的必要性。</p>
</div><h2>Forward-Looking Guidance</h2>
<div class="lb-trans"><h2>前瞻性指導</h2>
</div><p>Looking ahead, Stantec remains optimistic about its growth prospects. The company adjusted its full-year net revenue growth guidance and increased its adjusted EBITDA margin outlook to 17.2-17.5%. With continued demand across sectors such as infrastructure, energy transition, and mission-critical facilities, Stantec anticipates sustained growth and profitability.</p>
<div class="lb-trans"><p>展望未來，斯坦泰克對其增長前景保持樂觀。公司調整了全年淨收入增長指導，並將調整後 EBITDA 利潤率展望提高至 17.2-17.5%。隨着基礎設施、能源轉型和關鍵任務設施等領域的持續需求，斯坦泰克預計將實現持續增長和盈利能力。</p>
</div><p>In conclusion, Stantec’s earnings call painted a picture of a company on a strong growth trajectory, driven by robust performance in key segments and markets. Despite some challenges, the overall sentiment was positive, with a clear focus on strategic growth and operational excellence. Investors and stakeholders can look forward to continued success as Stantec navigates the evolving market landscape.</p>
<div class="lb-trans"><p>總之，斯坦泰克的財報電話會議描繪了一幅公司在強勁增長軌道上的圖景，得益於關鍵部門和市場的強勁表現。儘管面臨一些挑戰，但整體情緒積極，明確聚焦於戰略增長和運營卓越。投資者和利益相關者可以期待斯坦泰克在不斷變化的市場環境中繼續取得成功。</p>
</div>

斯坦泰克的財報電話會議突顯出強勁的增長和樂觀的前景