Stantec improves gross revenue over last year

Stantec has improved its financial results in the second quarter of 2004 compared to last. Gross revenue for the second quarter of 2004 was $136.8 million compared to $119.1 million in the same quarter last year an increase of 14.9%. Net income for the second quarter was $6.4 million compared to $6.5 million. Basic earnings per share were unchanged at $0.35.<br>
In the same period Stantec has completed the acquisition of Sear-Brown, a company in the Northeast United States, a company with over 400 employees and 10 offices. Stantec also acquired GBR Architects of Winnnipeg, adding 35 employees to its architecture and interior design practice.<br>
Stantec’s year to date 2004 gross revenue was $254.1 million compared to $227.5 million in 2003, an increase of 11.7%.