Stantec's contracted-work backlog reached $9.2 billion, up 17.5% from a year earlier, and its Q2 margin set a record. U.S. delays, Canadian project wind-downs, and challenging acquisition prices temper the gains, but broad growth and a named CEO successor support a favorable reading.
The larger backlog gives Stantec more contracted work to complete. Its 2026 margin forecast rose to 17.8%–18.3%, even as delays and project wind-downs slowed some areas. Growth across regions outweighs those pockets of weakness, and the CEO named a successor before retiring.
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