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WSP Global (TSE:WSP)
TSX:WSP
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
2.28Last Year’s EPS
1.99Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: -2.15%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Positive
The earnings call reflected strong performance in terms of revenue growth, profitability, and cash flow, with significant strategic advancements such as the integration of POWER Engineers and a major appointment to support global operations. However, challenges in the APAC region slightly weighed on the otherwise positive results.Company Guidance
During the WSP Global Third Quarter 2024 earnings call, management highlighted several key metrics reflecting their strong performance and strategic outlook. Net revenues increased by 10% compared to the same period in 2023, with organic growth at 7.2%, primarily driven by double-digit growth in the Americas. The company reported a 12% increase in adjusted EBITDA, reaching $585 million, and a 13% rise in adjusted net earnings per share. The adjusted EBITDA margin improved by 40 basis points to 19.5%. WSP also achieved a record-high backlog of $14.8 billion, equivalent to 11.6 months of revenues. Free cash flow over the trailing 12 months increased by approximately $590 million, with cash inflows from operating activities at $608 million for the first nine months of 2024. The company's financial outlook forecasts net revenues between $11.8 billion and $12.1 billion and adjusted EBITDA between $2.155 billion and $2.175 billion. Management reaffirmed their commitment to achieving 100% conversion of net earnings to free cash flow for the year, alongside a net debt position of 1.5x adjusted EBITDA. Looking forward, the appointment of Mark Naysmith as Global Chief Operating Officer was announced, effective January 2025, to support future growth and strategic initiatives.Robust Revenue Growth
Net revenues increased by 10% compared to Q3 2023, with organic growth at 7.2% driven by strong market momentum in Canada and double-digit growth in the Americas.
Record Backlog
Backlog reached a record $14.8 billion, representing 11.6 months of revenues.
Improved Profitability
Adjusted EBITDA increased by 12% and adjusted net earnings per share grew by 13% compared to Q3 2023.
Strong Cash Flow
Trailing 12 months of free cash flow increased by approximately $590 million compared to the previous year.
Strategic Appointment
Mark Naysmith will be appointed Global COO, focusing on global operations and promoting growth starting January 2025.
Leadership in Industry Rankings
For the fourth consecutive year, WSP achieved the #1 position in ENR's Top 225 International Design Firm list.
Successful Acquisition Integration
The integration of POWER Engineers is progressing well, with over 70 collaborative opportunities identified shortly after the acquisition.
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TSE:WSP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:WSP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | C$252.05 | C$251.88 | -0.07% |
| Jul 30, 2024 | C$225.82 | C$228.64 | +1.25% |
| May 08, 2024 | C$217.67 | C$214.59 | -1.41% |
| Feb 28, 2024 | C$211.44 | C$214.04 | +1.23% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does WSP Global (TSE:WSP) report earnings?
WSP Global (TSE:WSP) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is WSP Global (TSE:WSP) earnings time?
WSP Global (TSE:WSP) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:WSP EPS forecast?
TSE:WSP EPS forecast for the fiscal quarter 2024 (Q4) is 2.28.
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