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WSP Global Q3 profit and revenue up as business grows across all segments

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MONTREAL — 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.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.The Canadian Press

 

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