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WSP Global reports first quarter profit and revenue up from year ago

Revenue totalled $2.17 billion, up from $1.91 billion in the first three months of 2018.


MONTREAL—WSP Global Inc. says it had a first-quarter profit of $62.0 million, up from $49.7 million in the same quarter last year as revenue improved more than 10%.

The engineering firm says the profit amounted to 61 cents per diluted share for the quarter ended March 30, compared with a profit of 48 cents a year earlier.

Revenue totalled $2.17 billion, up from $1.91 billion in the first three months of 2018.

On an adjusted basis, WSP says it earned 67 cents per share in its latest quarter.

Analysts on average had expected a profit of 65 cents per share, according to Thomson Reuters Eikon.

The company’s backlog stood at $7.87 billion, up $194.4 million compared with the fourth quarter of 2018 and up $1.15 billion compared with the first quarter of last year.

News from © Canadian Press Enterprises Inc. 2016

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