Overview

* WSP Global ( WSPOF ) Q3 revenue grows 13.8% yr/yr, beating analyst expectations

* Adjusted EPS for Q3 beats analyst expectations, reflecting operational efficiency

* Company completes acquisition of Ricardo plc, enhancing strategic capabilities

Outlook

* WSP expects mid-single-digit organic growth in net revenues for 2025

* Company anticipates contributions from Ricardo plc acquisition in 2025

* WSP revises 2025 net revenues to C$13.8 bln-C$14.0 bln

Result Drivers

* POWER ENGINEERS GROWTH - Acquisition of POWER Engineers contributed mid-teens net revenue organic growth

* OPERATIONAL EFFICIENCY - Strong performance attributed to disciplined execution and operational efficiency

* RICARDO ACQUISITION - Completion of Ricardo plc acquisition enhances strategic capabilities

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat C$4.53 C$3.49

Revenue bln bln (10

Analysts

)

Q3 Beat C$2.82 C$2.64

Adjusted (11

EPS Analysts

)

Q3 Beat C$368.80 C$339.80

Adjusted mln mln (5

Net Analysts

Income )

Q3 Net C$284.50

Income mln

Q3 Beat C$700.40 C$689.40

Adjusted mln mln (13

EBITDA Analysts

)

Q3 20.20%

Adjusted

EBITDA

Margin

Q3 Basic C$2.18

EPS

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the construction & engineering peer group is "buy"

* Wall Street's median 12-month price target for WSP Global Inc ( WSPOF ) is C$311.50, about 15.2% above its November 4 closing price of C$264.25

* The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 28 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)