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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  WSP Global Inc.    WSP   CA92938W2022

WSP GLOBAL INC.

(WSP)
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WSP Global : Reports Q3 2020 Results With Improved Margins and a Strong Financial Position

11/05/2020 | 07:16am EST

WSP Global Inc. (TSX: WSP) ('WSP' or the 'Corporation') today announced financial and operating results for the third quarter of fiscal 2020 ended on September 26, 2020.

'Our results continue to reflect the objectives we had set at the beginning of the pandemic, which were to maintain a good level of margins and a strong financial position,' said Alexandre L'Heureux, WSP's President and CEO. 'We have demonstrated our ability to be operationally resilient and to serve our clients with high-quality services in this unprecedented time, thanks to the adaptability and dedication of our employees. We remain agile and focused on operational efficiency to meet client expectations and plan for 2021,' he added.

LEADERSHIP ANNOUNCEMENT

WSP announces that Paul Dollin, our Chief Operating Officer, will be leaving the organization at the end of the year to pursue new professional and personal opportunities. Until then, Paul will ensure a smooth transition of his responsibilities to current members of the Global Leadership Team. Paul has been a key member of our leadership team since the acquisition of WSP Group Plc in 2012. As COO since 2014, he has been responsible for the day-to-day operations of WSP worldwide. 'On behalf of our entire management team and the Board of Directors, I thank Paul for his significant contribution to making WSP the leader it has become today. Among his many accomplishments, he has overseen the successful integration of the numerous companies acquired by WSP during his tenure, ensuring a common purpose, shared values and a unified corporate culture,' said Alexandre L'Heureux, WSP's President and Chief Executive Officer. 'We wish him the very best in his future endeavours.' Paul Dollin commented: 'I am extremely proud to have participated in the tremendous growth of WSP over the past ten years and of having been part of an extremely talented leadership team. Clients around the globe trust WSP with their most complex projects, as WSP's unparalleled expertise is recognized worldwide. I am truly honoured to have been part of this group of talented professionals who challenge themselves every day to surpass their clients' expectations.'

ABOUT WSP

As one of the world's leading professional services firms, WSP provides engineering and design services to clients in the Transportation & Infrastructure, Property & Buildings, Environment, Power & Energy, Resources and Industry sectors, as well as offering strategic advisory services. WSP's global experts include engineers, advisors, technicians, scientists, architects, planners, environmental specialists and surveyors, in addition to other design, program and construction management professionals. Our talented people are well positioned to deliver successful and sustainable projects, wherever clients need us. wsp.com.

FORWARD-LOOKING STATEMENTS

Certain information regarding WSP contained herein may constitute forward-looking statements. Forward-looking statements may include estimates, plans, objectives, expectations, opinions, forecasts, projections, guidance, outlook or other statements that are not statements of fact, including statements regarding the sufficiency of WSP's liquidity and working capital requirements for the foreseeable future. Forward-looking statements made by the Corporation in this press release are based on a number of assumptions believed by the Corporation to be reasonable as at November 4, 2020, including assumptions about general economic and political conditions; the state of the global economy and the economies of the regions in which the Corporation operates; the state of and access to global and local capital and credit markets; the anticipated impacts of the COVID-19 pandemic on the Corporation's businesses, operating results, cash flows and/or financial condition, including the effect of measures implemented as a result of the COVID-19 pandemic. Although WSP believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. These statements are subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements, including risks relating to the COVID-19 pandemic. WSP's forward-looking statements are expressly qualified in their entirety by this cautionary statement. The complete version of the cautionary note regarding forward-looking statements risk factors, which, if realized, could cause the Corporation's actual results to differ materially from those expressed or implied in forward-looking statements, are included in the amended Management's Discussion and Analysis for the year ended December 31, 2019 and the Management's Discussion and Analysis for the quarter ended September 26, 2020, which are available on SEDAR at www.sedar.com. The forward-looking statements contained in this press release are made as of the date hereof and WSP does not assume any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise unless expressly required by applicable securities laws.

Contact:

Tel: 438-843-7317

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2020 6 930 M 5 479 M 5 479 M
Net income 2020 289 M 228 M 228 M
Net Debt 2020 258 M 204 M 204 M
P/E ratio 2020 47,1x
Yield 2020 1,24%
Capitalization 13 732 M 10 861 M 10 857 M
EV / Sales 2020 2,02x
EV / Sales 2021 1,90x
Nbr of Employees 47 100
Free-Float 99,4%
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Technical analysis trends WSP GLOBAL INC.
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 13
Average target price 128,38 CAD
Last Close Price 120,95 CAD
Spread / Highest target 24,0%
Spread / Average Target 6,15%
Spread / Lowest Target -9,05%
EPS Revisions
Managers and Directors
NameTitle
Alexandre J. L'Heureux President, CEO & Non-Independent Director
Christopher Cole Non-Executive Chairman
Alain Michaud Chief Financial Officer
Gino Poulin Chief Information Officer
Jason Kirk Chief Information Security Officer
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