Stantec Inc: Key Developments
Stantec Inc. Comments On FY 2010 Organic Revenue Guidance-Conference Call
November 4, 2009 |
| Stantec Inc. announced that for fiscal 2010, it expects organic revenue growth to be 2%-3%. According to Reuters Estimates, analysts were expecting the Company to report revenue of $1.6 billion for the same period. |
Stantec Inc. Announces Contract To Design Major New Project At Seattle Veterans Hospital
October 14, 2009 |
| Stantec Inc. announced that it has been awarded a contract with the U.S. Department of Veterans Affairs to provide architecture and engineering services for a major new project at the Puget Sound Medical Center in Seattle. The project includes a new 200,000-square-foot mental health outpatient and research center; seismic upgrade of an existing hospital bed tower; and a multi-story 800-car parking garage. The total project budget is estimated to be $223 million. |
Chevron Selects Stantec Inc. For Multi-Year Environmental Services
July 29, 2009 |
| Stantec Inc. announced that the firm has been awarded a global, multi-year, preferred supplier contract to provide environmental assessment and remediation services to international energy corporation Chevron. Stantec's contract will focus on three chief areas of work: environmental, social, and health impact assessments; environmental remediation; and operational compliance auditing. |
Stantec Inc. To Rehabilitate Major Boston Sewer Line
June 25, 2009 |
| Stantec Inc. announced that it has been chosen to design the rehabilitation of a major sewer tunnel running beneath a densely populated section of Boston, Massachusetts. The firm will be redesigning the West Roxbury Tunnel, a 12,500-foot-long, 84-inch-diameter rock tunnel that has become severely corroded over time. |
Stantec Inc. Announces Renewal of Normal Course Issuer Bid
May 29, 2009 |
| Stantec Inc. announced that a Notice of Intention to renew a Normal Course Issuer Bid has been filed with, and accepted by, the Toronto Stock Exchange, pursuant to which Stantec may purchase up to 2,273,722 of its common shares, representing approximately 5% of its issued and outstanding shares. Stantec had a total of 45,474,457 common shares outstanding as at May 18, 2009. The purchases may commence on June 1, 2009, and will terminate no later than May 31, 2010. Except for block purchases permitted under the rules and policies of the TSX, the number of Common Shares to be purchased per day will not exceed 47,664, or approximately 25% of the average daily trading volume for the six full calendar months prior to April 30, 2009. Stantec will make the purchases on the open market in accordance with the rules and policies of the TSX, and the prices that Stantec will pay for any common shares will be the market price of such shares at the time of acquisition. |
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