WSP Global Inc provides engineering and design services to clients in the Transportation and Infrastructure, Property and Buildings, Environment, Power and Energy, Resources, and Industry sectors. It also offers strategic advisory services. The firm operates through four reportable segments namely, Canada, Americas ( US and Latin America), EMEIA (Europe, Middle East, India and Africa), and APAC (Asia Pacific, comprising Australia, New Zealand and Asia).
WSP Global Inc. is reporting its third-quarter profit and revenue both rose by nearly a quarter compared with a year ago, buoyed by organic growth as well as recent acquisitions.
The engineering company says its net earnings attributable to shareholders grew to $156.2 million or $1.25 per share for the three months ended Sept. 30 compared with $127.5 million or $1.05 per share in the same period a year earlier.
Revenue rose 24 per cent to $3.6 billion in its third quarter from $2.9 billion the year before.
On an adjusted basis, WSP’s profit climbed to $1.98 per share in its most recent quarter compared with $1.59 per share a year earlier.
The result beat analyst expectations for $1.90 per share, according to financial markets data firm Refinitiv.
Chief executive Alexandre L’Heureux also says a seven per cent year-over-year backlog growth to $14.28 billion in the third quarter speaks to continued demand for the Montreal-based firm’s services.
This report by The Canadian Press was first published Nov. 9, 2023.
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