Skip to Content
View site list

Profile

Economic

WSP Global reports first quarter profit and revenue increase over last year

WSP Global reports first quarter profit and revenue increase over last year

MONTREAL — WSP Global Inc. says it had a first-quarter profit of $62.0 million, up from $49.7 million in the same quarter last year as revenue improved more than 10 per cent.

The engineering firm says the profit amounted to 61 cents per diluted share for the quarter ended March 30, compared with a profit of 48 cents a year earlier.

Revenue totalled $2.17 billion, up from $1.91 billion in the first three months of 2018.

On an adjusted basis, WSP says it earned 67 cents per share in its latest quarter.

Analysts on average had expected a profit of 65 cents per share, according to Thomson Reuters Eikon.

The company’s backlog stood at $7.87 billion, up $194.4 million compared with the fourth quarter of 2018 and up $1.15 billion compared with the first quarter of last year.

 

© 2019 The Canadian Press

Recent Comments

comments for this post are closed

You might also like