Canada · Delayed Price · Currency is CAD WSP Global Earnings Call Transcripts
Fiscal Year 2026
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The meeting highlighted strong financial results, strategic acquisitions, and the launch of a new three-year action plan. Board updates, a focus on sustainability, and an improved organic growth outlook were discussed, with management addressing shareholder questions on M&A, AI, and geographic expansion.
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Net revenue grew 11% year-over-year with strong organic growth, record backlog, and robust cash flow. Adjusted EBITDA rose 16.5%, and margin improved to 16.8%. Power, energy, and digital sectors led growth, with M&A and technology investments driving future performance.
Fiscal Year 2025
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Delivered strong 2025 results with double-digit revenue and EBITDA growth, record free cash flow, and successful integration of major acquisitions. 2026 guidance calls for continued robust growth, margin expansion, and strong cash generation, supported by a healthy backlog and digital/AI initiatives.
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The acquisition of TRC for $3.3 billion will create the largest and most diversified engineering and design firm in the U.S., accelerating growth in Power & Energy and related sectors. The deal is expected to close in Q1 2026, with significant cost synergies and immediate earnings accretion.
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Net revenues, adjusted EBITDA, and net earnings grew strongly year-over-year, with record margins and robust free cash flow. The Ricardo acquisition and POWER Engineers integration drove segment and margin expansion, while backlog and pipeline remain healthy despite market uncertainties.
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Q2 2025 saw strong revenue, margin, and cash flow growth, with robust performance in North America and the U.K. Strategic acquisitions and digital initiatives are driving future growth, while APAC is stabilizing after rightsizing. Backlog and free cash flow reached record levels.
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The meeting reviewed record financial results, approved all proposals including board elections and auditor appointment, and outlined ambitious growth targets for 2027. Strategic acquisitions and a new plan position the company for continued innovation and resilience.
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Q1 2025 saw net revenue and EBITDA ahead of expectations, with strong growth in Canada and the U.S., a record backlog, and robust cash flow. The POWER Engineers integration is delivering synergies, and the 2025 outlook is reaffirmed, with North America expected to lead growth.
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A new three-year plan targets 40% net revenue growth, 50% EBITDA growth, and 70% free cash flow growth, supported by digital transformation, a strategic Microsoft partnership, and expansion in high-growth sectors like power, water, and advisory. The company aims for a 20% EBITDA margin and to double digital services growth.
Fiscal Year 2024
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Q4 and full-year results exceeded expectations with double-digit revenue and earnings growth, strong cash flow, and a record backlog. Strategic acquisitions, notably POWER Engineers, contributed to robust performance, and ambitious 2027 growth targets were set.
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Q3 2024 saw double-digit revenue and EBITDA growth, record backlog, and strong cash flow, driven by robust performance in the Americas and Canada. The POWER Engineers acquisition is integrating well, supporting sector leadership and future growth, with raised guidance for 2024.
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The acquisition of POWER Engineers for $1.78 billion will significantly expand the company's U.S. presence and expertise in the power and energy sector, delivering immediate EPS accretion and at least $25 million in annual cost synergies. The deal is expected to close in Q4 2024, with strong shareholder and board support.
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Q2 2024 saw robust organic growth and profitability, leading to an increased financial outlook for the year. Strong performance in the Americas, strategic acquisitions, and record backlog underpin confidence for continued margin and cash flow improvement.