Second Quarter | WSP Increases Earnings and Outlook

WSP Global says healthy market conditions contributed to an increase in second-quarter profits while improving its outlook.


The Montreal-based engineering firm said its net income for the quarter ended June 29 was $184.1 million, up from $151.2 million for the quarter ended June 1.er July a year earlier.

The company said after markets closed Tuesday that diluted earnings per share were $1.47, compared with $1.21 in the same period last year.

Revenue was $3.93 billion, up from $3.63 billion last year.

WSP said it had revised its net revenue forecast for the year to between $11.4 billion and $11.8 billion, compared to $11.2 billion to $11.7 billion previously.

The company says its focus on productivity is helping it boost margins while demand for its services remains robust.


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