WSP Global CEO says buying spree no barrier to more, as earnings climb

  • 📰 SooToday
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 85%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

MONTREAL — The head of WSP Global Inc. says its spate of acquisitions — four so far this year, plus its biggest ever last fall — is no barrier to future deals by the engineering company, even as interest rates remain high.

“Is that a roadblock to future acquisitions? The answer is absolutely not," CEO Alexandre L'Heureux told analysts on a conference call Thursday, referring to the US$1.81-billion acquisition of U.K.-based John Wood Group’s environment and infrastructure business in September 2022.

On Thursday, WSP reported its profit and revenue in its latest quarter rose by nearly a quarter compared with a year ago, buoyed by organic growth as well as the acquisitions. Organic revenue growth in North America notched below other areas, but L'Heureux said WSP continues to seize on the spending unleashed by the U.S. government's US$1-trillion infrastructure bill passed in November 2021.

Sabahat Khan, an analyst at RBC Capital Research, pointed to the ballooning backlog as one sign that demand remains sturdy.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 8. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

WSP Global Q3 profit and revenue up as business grows across all segmentsMONTREAL — 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...
ソース: YahooFinanceCA - 🏆 47. / 63 続きを読む »

WSP Global Q3 profit and revenue up as business grows across all segmentsMONTREAL — 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.
ソース: SooToday - 🏆 8. / 85 続きを読む »