Stantec Inc. (NYSE:STN) Q2 2024 Earnings Conference Call August 8, 2024 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
Sabahat Khan - RBC Capital Markets
Devin Dodge - BMO Capital Markets
Yuri Lynk - Canaccord Genuity
Jacob Bout - CIBC World Markets
Chris Murray - ATB Capital Markets
Sean Jack - Raymond James Limited
Benoit Poirier - Desjardins
Maxim Sytchev - NBF
Ian Gillies - Stifel
Operator
Good day, standing by. Welcome to Stantec's Second Quarter 2024 Results Webcast and Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. [Operator Instructions] Please be advised that today's conference is being recorded. 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. Please go ahead.
Gord Johnston
Good morning. Thank you for joining us today. Before jumping into our second quarter results, I want to express how proud I am that Stantec continues to be recognized for our leadership and sustainability. This past quarter, Corporate Knights ranked Stantec as number two in their 2024 Best 50 Canadian Corporate Citizens ranking. In addition, Stantec has been included in Time Magazine's list of the World's Most Sustainable Companies of 2024. We are the top Canadian company on their list and ranked 14th overall. These accolades are a testament to our authentic approach to sustainability and to doing what is right. I'm very pleased with the strength of our second quarter results.
Our revenue growth was excellent and we continued to execute very successfully on our projects, while driving strong operational performance across the business. Many of the long-term macro trends we discussed in the rollout of our strategic plan are building momentum and we have continued to capitalize on their growth opportunities that they're creating. Our industry-leading Water business continues to drive growth in critical areas like shoreline protection, wastewater treatment, water security, advanced manufacturing and PFAS. In the UK, Our team continues to focus on bidding for AMP8 contracts. Stantec is well-placed with our clients. We've already been awarded a significant number of contracts and are awaiting decisions on several others. Themes of addressing aging Infrastructure and climate change are very prominent in AMP8 with investment to be directed towards replacement of water mains, significantly reducing leaks and harm from storm overflows, and implementing nature-based solutions.