Stantec Inc. (NYSE:STN) Q2 2023 Earnings Conference Call August 10, 2023 9:00 AM ET
Company Participants
Gord Johnston – President and Chief Executive Officer
Theresa Jang – Executive Vice President and Chief Financial Officer
Conference Call Participants
Benoit Poirier – Desjardins
Yuri Lynk – Canaccord Genuity
Jacob Bout – CIBC
Frederic Bastien – Raymond James
Devin Dodge – BMO Capital Markets
Chris Murray – ATB Capital Markets
Michael Tupholme – TD Securities
Ian Gillies – Stifel
Sabahat Khan – RBC
Maxim Sytchev – National Bank Financial
Operator
Welcome to Stantec’s Second Quarter 2023 Earnings Results Webcast and Conference Call. Leading the call today are Gord Johnston, President and Chief Executive Officer; and Theresa Jang, Executive Vice President and Chief Financial Officer.
Stantec invites those dialing in to view the slide presentation, which is available in the Investors section at stantec.com. Today’s call is also webcast. Please be advised that if you have dialed in while also viewing the webcast, you should mute your computer as there would, there is a delay between the call and the webcast.
All information provided during this conference call is subject to the forward-looking statement qualification set out on Slide 2, detailed in Stantec’s management’s discussion and analysis and incorporated in full for the purpose of today’s call. Unless otherwise noted, dollar amounts discussed in today’s call are expressed in Canadian dollars and are generally rounded.
With that, I am pleased to turn the call over to Mr. Gord Johnston. Please go ahead.
Gord Johnston
Good morning, and thank you for joining us today. Stantec has delivered another quarter of strong performance. We continue to execute on our strategy and drive excellent results with solid project execution across all areas of the business. We’re delivering some of our highest organic growth rates ever with market fundamentals and demand for our services as strong as I’ve ever seen them in my 35-year career.
It’s the expertise and commitment of our employees that drive Stantec’s ability to capitalize on the favorable market environment. As we continue to lead into our core value of putting people first, I’m very pleased that our recent employee survey shows that Stantec’s employee engagement continues to strengthen.
Corresponding with this is the continued downward trend for voluntary turnover, which is settling back to normalized pre-pandemic levels. Similar to the first quarter, Q2 is one of our busiest quarters ever for hiring, and we are now at over 28,000 employees strong with a highly engaged workforce and robust outlook in our markets, I’m very excited about the second half of this year and beyond.