The Faceoff: SNC-Lavalin and Stantec both show growth but SNC holds best long-term opportunity

The Faceoff: SNC-Lavalin and Stantec both show growth but SNC holds best long-term opportunity

","heading":"","fullWindow":false,"fullBleed":false,"showFullBleedOnMobile":false,"headColor":"","type":"html5mobile","textColor":"","mobileImageUrl":"","bgColor":"","imageUrl":"","registeredOnly":false,"linkUrl":"","aodaTitle":"SNC Lavalin stock chart","internalScroll":false,"displayStyle":"small-up"},{"type":"textBreakPoint","insertAt":"contentMiddleBreakPoint"},{"type":"ad","heading":"ARTICLE CONTINUES BELOW","name":"ArticleSecondBigBox","display":"medium-down","pos":"2","interstitial":true,"sizes":[[300,250]]},{"text":"Stantec Inc.","type":"text","isParagraph":true,"isHeading":false},{"type":"articleRelatedInlinePrimary"},{"text":"The SNC rival has yet to publish its most recent quarterly earnings. In the first quarter of 2022, however, they reported that backlog continued to grow, hitting a record $5.4 billion.","type":"text","isParagraph":true,"isHeading":false},{"text":"“The organic growth we achieved in (the first quarter) reflects our ability to capitalize on our sector’s strong market fundamentals that continue to be spurred by robust public infrastructure spending and increasing private investment,” Stantec CEO and president Gord Johnston said at that time. ","type":"text","isParagraph":true,"isHeading":false},{"type":"stn-smart-player"},{"text":"Revenue grew 19.5 per cent to $171.4 million in Stantec’s first quarter, compared to the same period of 2021. Profit margins, meanwhile, increased by 21.6 per cent to $567.1 million. ","type":"text","isParagraph":true,"isHeading":false},{"text":"As of Thursday, Stantec is trading at $63.04 per share, continuing an upward trajectory in valuation since it dipped to …
More on: www.thepeterboroughexaminer.com