WSP Global says earnings, revenue rose in first quarter of 2023
By The Canadian Press on May 10, 2023.
MONTREAL – WSP Global Inc. says its net earnings attributable to shareholders for the first quarter were $112.5 million, up 18.4 per cent from $95.0 million a year earlier. The Montreal-based company says revenues for the quarter ended April 1 were $3.5 billion, up 28.7 per cent from $2.7 billion the same quarter last year. Diluted earnings per share were 90 cents, up from 80 cents a year earlier. The company says the first quarter saw higher-than-expected organic growth in net revenues and adjusted earnings before interest, taxes, depreciation and amortization. President and CEO Alexandre L’Heureux said in a press release Wednesday that the results highlight the company’s diligent execution of its strategic plan, driven in part by positive industry dynamics and high demand for WSP’s services. The company also announced a dividend of 37.5 cents per share, and announced the termination of its Dividend Reinvestment Plan. This report by The Canadian Press was first published May 10, 2023. Companies in this story: (TSX:WSP) 9-8
