Honoring the Legacy of Dr. Patricia D. Galloway at Stantec

Remembering Dr. Patricia D. Galloway at Stantec

Stantec, a leading firm in sustainable design and engineering, has announced the passing of Dr. Patricia D. Galloway, who served as a significant member of its Board of Directors. Dr. Galloway joined Stantec's Board in May 2020 and was acknowledged for her extensive background in civil engineering, particularly within the energy and construction sectors.

A Valuable Contribution to Stantec

During her tenure on the Board, Dr. Galloway made invaluable contributions to essential committees including Corporate Governance and Compensation as well as Sustainability and Safety. Her distinguished career, spanning over four decades, included her historic achievement as the first female president of the American Society of Civil Engineers. Dr. Galloway was not only a pioneer in her field but also an advocate for inclusion, diversity, and equity, leaving a profound impact on the engineering community.

Tributes from Leadership

In light of this loss, Doug Ammerman, Chair of Stantec's Board of Directors, expressed deep sadness and extended heartfelt condolences to Dr. Galloway's family and friends. Stantec's President and CEO, Gord Johnston, also took a moment to honor her, recognizing her remarkable character and pioneering spirit that will continue to inspire others.

Stantec's Commitment to Sustainability

Stantec, which trades under the ticker STN on both the TSX and NYSE, is committed to addressing contemporary global challenges including climate change, digital transformation, and infrastructure resilience. The company continues to play a pivotal role in tackling these pressing issues through innovative architectural and engineering solutions. Dr. Galloway’s dedication to sustainability echoes through Stantec's ongoing projects and initiatives.

Ongoing Achievements and Future Prospects

In other noteworthy news, Stantec has recently reported a record net revenue of $1.5 billion for the second quarter of the year, marking a substantial 17% increase from the previous year. This growth has been significantly bolstered by the firm's Water and Buildings divisions, with both U.S. and Canadian operations experiencing a 16% rise in net revenue. Stantec’s backlog brims with promise, having reached an unprecedented high of $7.2 billion.

Strategic Developments in Infrastructure

Additionally, Stantec has secured an impressive five-year master services agreement with the Los Angeles Department of Water & Power (LADWP), valued at $104 million. This contract centers around upgrading and modernizing the electrical infrastructure in the greater Los Angeles area, showing Stantec's expertise in enhancing essential services. Their responsibilities will include transmission planning studies, reliability assessments, and comprehensive consulting for construction, maintenance, and safety.

Continuing a Legacy of Excellence

Stantec’s dedication to infrastructure modernization and the shift to renewable energy reflects its strategic vision for growth. The firm is actively pursuing acquisition opportunities, particularly in Germany, to further its mission of expansion through strategic partnerships, such as the anticipated acquisition of ZETCON.

Financial Health and Market Position

As Stantec reflects on the legacy of Dr. Galloway, it’s essential to highlight its financial health and market position. The company boasts a market capitalization of $9.44 billion, indicative of a strong presence in the sustainable design and engineering sector. Stantec's revenue has grown by 13.02% over the past twelve months, accumulating $3.96 billion, supported by an impressive gross profit margin of 54.31%.

Frequently Asked Questions

Who was Dr. Patricia D. Galloway?

Dr. Patricia D. Galloway served on Stantec's Board of Directors and was a prominent civil engineer known for her advocacy in diversity and inclusion.

What impact did Dr. Galloway have on Stantec?

Dr. Galloway contributed significantly to Stantec's corporate governance and sustainability initiatives, showcasing a commitment to excellence in engineering.

How is Stantec performing financially?

Stantec recently reported a record revenue of $1.5 billion in the second quarter, reflecting its growth trajectory and strong market position.

What is Stantec's commitment to sustainability?

Stantec focuses on addressing global challenges through sustainable design and engineering practices, underscoring the company's long-term vision.

What recent projects has Stantec undertaken?

Stantec secured a $104 million contract with LADWP to modernize electrical infrastructure in Los Angeles, demonstrating its capacity for significant infrastructure projects.

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