Stantec is exploding higher following a strong third-quarter earnings report released after the market closed on November 12. The company exceeded expectations with net revenue of 1.9 billion dollars and adjusted earnings per share of 1.89 dollars, representing a 23.5 percent increase year-over-year. Investors are reacting positively to the record adjusted EBITDA margin of 20.2 percent and the company's decision to raise its profitability guidance for the remainder of 2026.