Q3 2025 WSP Global Inc Earnings Call Transcript

Nov 6, 2025 / 01:00 PM GMT

Release Date Price: C$254.44 (-5.25%)

Transcript

Key Points

Positve

WSP Global Inc (WSPOF) reported a significant increase in net revenues, adjusted EBITDA, and adjusted net earnings by approximately 16%, 20%, and 32% respectively.
The company achieved a record high adjusted EBITDA margin of 20.2%, representing an improvement of 70 basis points for the quarter.
Free cash flow reached almost $900 million for the nine-month period, an increase of $645 million compared to last year.
The acquisition of Ricardo is expected to strengthen WSP Global Inc (WSPOF)'s position in advisory, energy transition, air quality, and rail sectors.
The backlog reached $16.4 billion, up 10.6% over the 12-month period, representing approximately 11 months of revenue.

Negative

Some clients have deferred capital projects, impacting the pace of field season activities, particularly in Canada and the US.
The US government shutdown poses a risk to operations, particularly in areas requiring government permits.
The company faced right-sizing costs, impacting margins by 30 basis points in the third quarter.
Organic growth showed signs of slowing when adjusted for emergency work and prior year project impacts.
The Asia Pacific region, particularly Australia, is experiencing a slowdown, with expectations of a few more quarters before improvement.

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

WSP.TO - WSP Global Inc
Q3 2025 WSP Global Inc Earnings Call
Nov 06, 2025 / 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. 3rd quarter 2025 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 1 and 1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press 1 and 1 again.

Please note that today's conference is being recorded. I would now like to turn the conference over to your first speaker, Quentin Weber from Investor relations. Please go ahead.

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