WSP Global reports first quarter profit and revenue up from year ago
By CP STAFF
Industry Construction construction engineering WSP GlobalRevenue 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.
