Stantec Inc. (NYSE:STN) Q1 2024 Earnings Conference Call May 9, 2024 9:00 AM ET
Company Participants
Gord Johnston - President & CEO
Theresa Jang - EVP & CFO
Conference Call Participants
Benoit Poirier - Desjardins
Devin Dodge - BMO Capital Markets
Rahul Malhotra - CIBC Capital Markets
Michael Doumet - Scotiabank
Chris Murray - ATB Capital Markets
Maxim Sytchev - NBF
Frederic Bastien - Raymond James
Ian Gillies - Stifel
Sabahat Khan - RBC Capital Markets
Operator
Good day, ladies and gentlemen, and welcome to Stantec's First Quarter 2024 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 statements 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'm pleased to turn the call over to Mr. Gord Johnston.
Gord Johnston
Good morning. Thank you for joining us today. Stantec is off to a great start for the year. Momentum continues to build on the favorable market trends that have emerged over the past 2 years. We continue to see strong demand in major projects in water security and water treatment.
With the recently announced EPA regulations on PFAS, we expect this area to grow significantly. Stantec has been on the leading edge of PFAS work for several years with multiple contracts underway in data analysis, treatment piloting, site remediation and full scale system design, and we have several PFAS treatment systems that are fully operational.
We also continue to see great demand for energy transition and climate solutions, including strengthening of electrical grids and for environmental services. Aging infrastructure continues to drive significant needs, either for the repair or replacement of roads, bridges, railways and transit. With approximately $400 billion of IIJA funding now distributed, investment towards addressing these needs is spurring growth.