Q2 2026 WSP Global Inc Earnings Call Transcript

Aug 6, 2026 / 01:00 PM GMT

Release Date Price: MXN2240.93

Transcript

Key Points

Positve

WSP Global Inc (WSPOF) delivered an excellent quarter with organic net revenue growth of 5%, reaching the high end of its outlook range, with all reportable segments contributing.
Backlog reached a record $20.1 billion, with organic growth of 5.7% over the last 12 months, marking the strongest pace of organic backlog growth since 2022.
Adjusted EBITDA margin expanded by 90 basis points year-over-year to 19.1%, the best Q2 margin ever recorded, driven by productivity gains and lower rightsizing costs.
The power and energy platform, bolstered by the TRC acquisition, delivered double-digit organic growth, with net revenues from TOP40 global power clients rising 30% year-over-year.
The company raised its full-year 2026 outlook for net revenue and adjusted EBITDA, reflecting increased confidence in the balance of the year and beyond.
Strong performance in key strategic markets, including Canada (backlog up 14.2%), the UK (double-digit organic growth), and the US (underlying business growing ~6%), with APAC returning to growth a quarter ahead of plan.

Negative

Cash inflows from operating activities decreased to $554 million for the first half of 2026, down from $822 million in the prior year period, primarily due to timing and the sale of trade receivables.
The leverage ratio remains slightly above the target range following the recent acquisition of TRC, although management expects to return to target by year-end.
New Zealand's government national land transport plan has reduced project investment, which is expected to have some impact on the business in that region.
Acquisition, integration, and reorganization costs are now expected to be higher, ranging between $285 million and $305 million, due to non-cash accounting impacts and ongoing M&A activities.
The company's pursuit of a potential friendly transaction with Arcadis introduces uncertainty, though management states its growth outlook and capital allocation framework remain unchanged regardless of the outcome.
DSO (Days Sales Outstanding) increased slightly to 71 days from 69 days last year, indicating a minor slowdown in cash collection.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

WSP.TO - WSP Global Inc
Q2 2026 WSP Global Inc Earnings Call
Aug 06, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and thank you for standing by. Welcome to the WSP Global Inc. Second Quarter 2026 Results Conference Call and Webcast.

At this time, all participants are in a listen-only mode.

After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, please press *11 on your telephone.

You will then hear an automated message advising your hand is raised.

To withdraw your question, please press *11 again.

Please note that today's conference is being recorded. I would now like to turn the conference over to your first speaker, Quentin Webber, head of Investor Relations. Please go ahead.

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