WSP reports second-quarter net income of $184 million

TORONTO – WSP Global Inc. says healthy market conditions helped lead to an increase in second-quarter profits while boosting its outlook.

The engineering firm says its net income for the quarter ending June 29 came in at $184.1 million, up from $151.2 million for the quarter ending July 1 a year earlier.

The company says diluted earnings per share were $1.47, up from $1.21 last year.

Revenue of $3.93 billion was up from $3.63 billion last year.

The company says it has revised its net revenue outlook for the year to between $11.4 billion and $11.8 billion, up from $11.2 billion to $11.7 billion.

WSP says its focus on productivity is yielding expanded margins while demand for its services remains robust.

This report by The Canadian Press was first published July 30, 2024.

Companies in this story: (TSX:WSP)

The Canadian Press. All rights reserved.