Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, March 2, 2012

Article Excerpt

STANTEC INC., $29.83, symbol STN on Toronto, sells a range of consulting, project delivery, design/build and technology services. The company’s clients operate in a variety of industries, including transportation, construction and oil and gas. Stantec has over 11,000 employees in 170 locations throughout North America. It also has four international offices. In the three months ended December 31, 2011, the company’s revenue rose 12.6%, to $432.0 million from $383.7 million a year earlier. Acquisitions were part of the reason for the gains. Stantec is also working on a number of new projects. Before one-time items, earnings rose 4.3%, to $24.3 million, or $0.53 a share, from $23.3 million, or $0.51. Stantec continues to grow by acquisition. In 2011, it bought five companies; QuadraTec, Inc.; Caltech Group; Bonestroo, Inc.; FSC Architects and Engineers; and ENTRAN, Inc. Together, these firms added 725 staff to Stantec’s workforce, expanded its presence in the U.S. midwest and southeast and gave it a presence in Nunavut and the Yukon…