04:17:56 EDT Wed 01 May 2024
Enter Symbol
or Name
USA
CA



WSP Global Inc
Symbol WSP
Shares Issued 124,624,221
Close 2023-08-09 C$ 183.14
Market Cap C$ 22,823,679,834
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Globe/CP say WSP Global raises earnings forecast

2023-08-10 07:44 ET - In the News

The Globe and Mail reports in its Thursday edition that WSP Global is riding high after boosting its earnings forecast for the year. A Canadian Press dispatch to The Globe reports that along with higher adjusted earnings, WSP now expects this year's revenue to hit between $10.7-billion and $11-billion, up from a previous outlook of $10-billion to $10.6-billion. The more optimistic outlook comes after WSP reported that net earnings rose 69 per cent year-over-year in its second quarter, to top $150-million. Chief executive officer Alexandre L'Heureux said the growth occurred across "all our key regions and segments." He highlighted the United States, where a one-fifth increase in contract awards year-to-date has yet to be factored into an already 25-per-cent year-over-year boost to WSP's total second quarter backlog, which stood at a record $14.3-billion. In the three months ended July 1, WSP reported net earnings attributable to shareholders reached $150.7-million compared with $89.3-million in the same period a year earlier. Second quarter revenues jumped 32 per cent from $2.76-billion the year before. Adjusted net earnings increased to $1.56 per share versus $1.30 a year prior, beating expectations of $1.49.

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