Stantec Inc. (NYSE:STN) Q2 2022 Earnings Conference Call August 11, 2022 9:00 AM ET
Company Participants
Gord Johnston - President & Chief Executive Officer
Theresa Jang - Executive Vice President & Chief Financial Officer
Conference Call Participants
Devin Dodge - BMO Capital Markets
Jacob Bout - CIBC
Chris Murray - ATB Capital Markets
Michael Kypreos - Desjardins Capital Markets
Mark Neville - Scotia Bank
Bryan Fast - Raymond James
Ian Gillies - Stifel
Sabahat Khan - RBC Capital Markets
Operator
Welcome to Stantec's Second Quarter 2022 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 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 discussion and analysis are incorporated in full for the purposes of today's call. Unless otherwise noted, dollar amounts discussed in today's call are expressed in Canadian dollars and are generally rounded. Please go ahead.
Gord Johnston
Good morning and thank you for joining us today. We're very pleased to report another strong quarter of operational and financial performance. Our second quarter and year-to-date results are tracking very well against our strategic objectives. And as such, we remain confident that, we will deliver on our targets for the year. There are two highlights for the quarter that, I want to touch on before turning to our financial results.
The first is an update on Cardno. The integration is progressing very well and is in line with the expectations that we outlined at the time of the transaction. We've already achieved our target of US$10 million in run rate synergies, 18 months ahead of schedule and we continue to identify opportunities for additional savings.
The Oracle financial systems migration in Australia and New Zealand is largely complete, and we're in the final stages of the transition. The US integration is in full flight and is progressing nicely. There's still a lot to be done. However, we expect this to be completed before the end of the year.