Stantec Inc. (NYSE:STN) Q4 2023 Earnings Conference Call February 29, 2024 9:00 AM ET
Company Participants
Gord Johnston - President & Chief Executive Officer
Theresa Jang - Executive Vice President & Chief Financial Officer
Conference Call Participants
Benoit Poirier - Desjardins
Yuri Lynk - Canaccord Genuity
Jacob Bout - CIBC
Michael Doumet - Scotiabank
Devin Dodge - BMO Capital Markets
Maxim Sytchev - NBF
Operator
Welcome to Stantec's Year End and Fourth Quarter 2023 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 on 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, qualifications set out on slide 2, detailed in Stantec’s management discussion and analysis, and incorporated in full for the purposes of today's call.
Unless otherwise noted, dollar amounts discussed on today's call are expressed in Canadian dollars and are generally rounded.
With that, I'm pleased to turn the call over to Mr. Gord Johnston.
Gord Johnston
Good morning, and thank you for joining us today. 2023 was a remarkable year for Stantec and I'm very proud of what we accomplished. We achieved record financial results and delivered our best year ever for organic net revenue growth.
We grew our employee base by 5% through organic hires another record, while maintaining our best-in-class employee retention rates. And for our fifth consecutive year, Stantec has been ranked by Corporate Knights as the top 10 global leader in sustainability. And once again, we ranked first amongst our peers. None of this would have been possible without the dedication, passion and commitment of our employees and I'd like to thank each individual for their contributions.
We started 2024 strong from an M&A perspective and have already closed both the ZETCON and the Morrison Hershfield acquisitions. These are the most top-in-class firms. And with the addition of their talented employees to the Stantec team we are now sitting at over 30,000 people around the world. Closing these acquisitions early in the year helps us jumpstart our new 2024 to 2026 strategic plan.