WSP Global reports lower earnings for fourth quarter, full year though revenues rise

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 92%

United States News News

United States United States Latest News,United States United States Headlines

Montreal-based consultancy company WSP Global reports fourth quarter earnings down 5.3 per cent from last year

says it earned $120-million in the fourth quarter of 2022, down 5.3 per cent from the same quarter a year earlier.

That’s despite the Montreal-based consultancy company reporting revenues grew 23.2 per centto $3.56-billion during the quarter ended Dec. 31. Earnings for the full financial year were $431.8-million, down 8.8 per cent from $473.6-million in 2021, while revenues were $11.93-billion, up 16.1 per cent. WSP says the decreases in net earnings are due to several reasons including higher amortization and depreciation, and higher business acquisition and integration costs.Adjusted net earnings for the quarter were $209.3-million, up 21.9 per cent from $171.7-million a year earlier, while adjusted net earnings per share were $1.68, up from $1.46.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in US

United States United States Latest News, United States United States Headlines