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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.
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 Growth: WSP reported a robust Q3 with net revenues, adjusted EBITDA, and adjusted net earnings up approximately 16%, 20%, and 32%, respectively.
Record Margins: Adjusted EBITDA margin hit a record 20.2%, improving by 70 basis points over last year despite absorbing 30 bps in optimization and rightsizing costs.
Cash Flow Strength: Free cash flow for the first nine months reached $890 million, up $645 million from last year, and DSO improved to 71 days, a historic low for Q3.
Upgraded Outlook: Management raised 2025 financial guidance, now expecting net revenue between $13.8–14.0 billion and adjusted EBITDA of $2.54–2.56 billion.
M&A Progress: The Ricardo acquisition closed in October, and POWER Engineers delivered mid-teens organic growth and contributed to margin expansion.
Healthy Backlog: Backlog grew to $16.4 billion, up 10.6% year-over-year, and book-to-burn ratio stays above 1.
Regional Trends: Canada, Americas, EMEA, and APAC all saw positive organic growth; U.K. and POWER Engineers highlighted for outsized performance.
Continued Restructuring: Rightsizing activities occurred across multiple regions, but most major actions are largely complete.