Overview
- WSP Global's net earnings rose 14% to $144.1 million in Q1, compared to $126.8 million a year earlier.
- Revenue increased 22% year-over-year to $4.39 billion, driven by organic growth and the October acquisition of Power Engineers.
- The company's project backlog grew 17% to a record $16.60 billion, reflecting robust demand despite U.S. federal spending freezes.
- Adjusted earnings per share reached $1.76, surpassing analysts' expectations of $1.71.
- CEO Alexandre L'Heureux confirmed that new acquisitions are on hold due to economic uncertainty and U.S. trade tensions.