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Investment Q&A

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WSP Global Inc. (WSP)

Q: Could I please have your comments on WSP quarterly results?

Thanks

Dave.

Asked by David on May 09, 2024

5i Research Answer:

Earnings beat forecast of $1.47 coming in at $1.55. Net revenue also beat forecasts of $2.76B coming in at $2.79B up 4.7% year-over-year. Net revenue organic growth (normalized based off billable days) would be 6.5% year-over-year. Backlog stood at $14.2B, with the Americas reportable segment achieving organic backlog growth of 10.3% over the year. Adjusted EBITDA margin for the quarter increased by 50 bps to 16.0%, compared to 15.5% in the first quarter of 2023. Adjusted net earnings for the quarter increased 13.3% from the prior year. WSP reported a solid quarter with decent growth.

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