(Montreal) WSP Global on Thursday posted profit and revenue up more than 20% for its third quarter, a result boosted by its organic growth and recent acquisitions.
Profit attributable to shareholders of the Montreal engineering firm amounted to 156.2 million, or $1.25 per share, a result up 22.5% compared to that of 127.5 million, or $1.05 per share, from the same period a year earlier.
Quarterly revenues reached 3.6 billion for the quarter ended September 30, which represented a 24% increase from 2.9 billion in the previous third quarter.
On an adjusted basis, WSP’s profit rose to $1.98 per share in the most recent quarter, up from $1.59 per share a year earlier.
Analysts had expected adjusted profit per share of $1.90, according to forecasts collected by financial data firm Refinitiv.
CEO Alexandre L’Heureux highlighted that the order book showed a growth of 7% compared to the third quarter of last year and reached 14.28 billion, which he said demonstrated the sustained demand for the company’s services.
Company in this news report: (TSX: WSP)
