STN lifts 2026 targets as quarterly profit rises and backlog hits $9.2 billion
STN reported third-quarter revenue up 9.4% and adjusted EBITDA up 16.6%, with backlog at $9.2 billion and raised fiscal 2026 targets, per TradingView.
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what happened
According to TradingView, STN's third-quarter net revenue rose 9.4% year on year to $1.865 billion. Adjusted EBITDA climbed 16.6% to $377 million, and adjusted EPS came in at $1.89.
The backlog grew 11.6% to $9.2 billion. The company also raised its fiscal 2026 targets for profitability and EPS growth.
why it matters
A growing backlog and higher targets generally point to steady demand and a longer runway of work. Investors will watch whether margins hold and whether the company meets its revised goals.
market impact
STN shares: strong results and raised targets support investor interest
- STN shares pressure up — raised profit targets and a growing backlog support expectations
tags
instruments
sources
- STN: Higher profitability, a $9.2B backlog and raised FY 2026 targets — TradingView, 13 November 2026 at 03:06 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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