05:21 PM EDT, 07/30/2024 (MT Newswires) -- WSP Global ( WSPOF ) . (WSP.TO) on Tuesday said its second-quarter adjusted profit rose 21% on higher revenue.

The engineering and design company said its adjusted profit, excluding most one-time items, rose to $236.0 million, or $1.89 per share, in the period, up from $194.7 million, or $1.56 in the year-prior quarter.

Net revenue rose 9.1% to $2.99 billion from $2.74 billion.

"Benefitting from a strong financial position and vigorous underlying fundamentals. we have great confidence in what lies ahead and consequently are increasing our financial outlook for the remainder of 2024," Alexandre L'Heureux, the company's chief executive, said in a release.

The company's shares closed down $1.13 to $226.51 on the Toronto Stock Exchange.