Pedestrian View Of Los Angeles: Stantec awarded construction management support services for the next seven years on the Los Angeles Metro Orange bus rapid transit line extension and the widening of a 16-kilometre stretch of Interstate 405

Pedestrian View Of Los Angeles

This blog focuses on rail lines in LA country that exist, are under construction or under consideration. The Californian high-speed rail project and southern CA to Vegas project will also be covered. Since most of the relevant developments in the news, rail websites and blogosphere take place on weekdays, this blog will be updated primarily Monday through Friday and occasionally on the weekends. Your comments, criticism and suggestions are encouraged. Miscellaneous stuff will also appear here.

Thursday, May 14, 2009

Stantec awarded construction management support services for the next seven years on the Los Angeles Metro Orange bus rapid transit line extension and the widening of a 16-kilometre stretch of Interstate 405

Edmonton business briefs: Stantec, K-Bro and AutoCanada

Edmonton business briefs: Stantec, K-Bro and AutoCanada

edmontonjournal.comMay 14, 2009 11:01 AMBe the first to post a comment

Bob Gomes, President & CEO of Stantec.

Bob Gomes, President & CEO of Stantec.
Photograph by: Rick MacWilliam, Edmonton Journal

EDMONTON — Stantec (TSX: STN) reported a 22.5 per cent first-quarter profit increase on strong growth in the environment, transportation, buildings and industrial sectors.

Earnings were $20.7 million, 45 cents a share, on $404.8 million revenue, compared with $16.9 million revenue, 37 cents a share, on $291.8 million revenue in 2008.

“Clearly, this performance is continued testament to the strength and sustainability of our business model, demonstrating that we are well positioned to continue to succeed under current market conditions,” said CEO Tony Franceschini, who retired Thursday after 10 years at the helm. He was succeeded by Canada vice-president Bob Gomes.

Major projects awarded in the quarter included construction management support services for the next seven years on the Los Angeles Metro Orange bus rapid transit line extension and the widening of a 16-kilometre stretch of Interstate 405; design of a microturbine cogeneration plant at the 53-story Sheraton New York Hotel and Towers; and engineering services for the new 115-megawatt wind farm near Pincher Creek.

Shares rose seven cents to 26.50 in morning trading.