Organic growth at the engineering company drove
“As we forge ahead and execute on our ambitions, we are entering the last year of the current strategic cycle with confidence fuelled by healthy market conditions and the continued growth opportunities that lie ahead,” said chief executive Alexandre L’Heureux on Thursday, referring to WSP’s three-year growth plan.
That plan included the
Roughly 30 per cent of those employees work in the firm's earth and environment segment, which grew exponentially over the past two years to bid on contracts related to green energy, "smart infrastructure" and projects that run the gamut from building retrofits to flood risk management.
The
It also forecast net revenues of
L'Heureux said organic revenue growth in the mid-to-high single digits at the company's Canadian and
"We continue to see positive momentum stemming from the bipartisan infrastructure bill," L'Heureux told analysts on a conference call.
"The biggest opportunities for this bill and other stimulus programs globally are in roads, bridges and major transportation projects" — a segment that saw a big spike in organic revenue last year.
The company has also diversified its design and engineering services to meet "the hyper-growth sectors" of health care, hospitality, data centers and manufacturing, among others, L'Heureux said.
"We are future-proofing WSP to support our growth ambitions."
The company predicted adjusted earnings of between
On Wednesday evening, WSP said revenues for the quarter ended
On an adjusted basis, earnings hit
"Organic growth of 5.1 per cent came in light due to lower emergency response activity in the
Earnings for the full financial year rose 27 per cent to
This report by The Canadian Press was first published
Companies in this story: (TSX:WSP)
© 2024 The Canadian Press. All rights reserved., source