Q: Can I have your comments on the latest quarter please.
5i Research Answer:
WSP recorded a solid quarter, beating EPS estimates of $1.87 coming in at $1.89. Adjusted profit rose 21% from the prior year period. Revenue also beat forecasts of $2.93B coming in at $2.99B displaying 9.1% year-over-year. Net revenue organic growth was 8.0%. Backlog continues to be strong at a record-level of $14.7B. Adjusted EBITDA margin increased 50bps year-over-year. The company's CEO mentioned that it is targeting large acqusitions after a period where the firm acquired smaller companies. Overall, a solid quarter for WSP highlighted by revenue and earnings growth.