WSP Global Inc
TSX:WSP
WSP Global Inc
WSP Global Inc., originally known as Genivar Inc., has evolved from a regional engineering firm in Quebec to a leading global professional services firm. The transformation started gaining momentum in 2012 with the strategic acquisition of the U.K.-based WSP Group. This merger was a defining moment, culminating in the cohesive entity known today as WSP Global. The company has expanded its footprint across the continents through a series of well-calculated mergers and acquisitions, positioning itself as a versatile powerhouse in the realm of engineering, design, and consulting services. Its core expertise lies in infrastructure development—from the urban pulse of high-rise buildings to the rhythmic motion of transportation systems and sustainable energy projects.
WSP Global generates revenue by offering a wide range of customized and integrated solutions to complex environmental and engineering challenges. A tapestry of specialists, from engineers and architects to environmental specialists and analysts, collaborate on large-scale projects that demand innovative and sustainable approaches. Clients steel themselves with WSP’s insights and execution capabilities as they tackle the planning, design, and management of infrastructure and the built environment. Revenue streams are diversified across consulting services, project management, and implementation, with projects often spanning multiple years, providing stable and recurring income. The company’s adaptability in embracing emerging technologies and sustainable practices has cemented its reputation as a key player in shaping resilient and future-proof infrastructure worldwide.
Strong Results: WSP delivered robust profitability in Q2 2025 with 15% revenue growth and a 22% jump in adjusted EBITDA.
Margin Expansion: Adjusted EBITDA margin rose by 80 basis points to 18.2%, despite a 50 bps impact from APAC restructuring.
Cash Flow: Free cash flow increased by nearly $400 million year-over-year, setting a record for the first half of the year.
Backlog Growth: Backlog reached $16.3 billion, up 10.9%, representing 11 months of revenue and a book-to-burn ratio above 1.
Upgraded Guidance: 2025 adjusted EBITDA now expected at the high end of the guidance range; net revenue outlook unchanged at $13.5–14 billion.
M&A Activity: Announced acquisitions of Lexica and Ricardo, with Ricardo expected to close in early Q4 2025.
Regional Performance: Canada, U.S., and U.K. delivered high single-digit organic growth; APAC rightsizing completed with a return to growth expected.
You don't have any saved screeners yet
