The following is a summary of the WSP Global Inc. (WSPOF) Q3 2024 Earnings Call Transcript:

Financial Performance:

• WSP Global reported Q3 2024 net revenues of $3 billion, indicating a 10% year-over-year increase, with organic growth contributing 7.2% primarily driven by robust performances in the US and Canada.

• Adjusted EBITDA for the quarter rose by 12% to $585 million, with adjusted EBITDA margins improving by 40 basis points to 19.5%, demonstrating enhanced productivity.

• Adjusted net earnings reached $280 million or $2.24 per share, marking a 13% increase from the previous year. Trailing 12 months of free cash flow increased significantly to $852 million, signaling strong cash flow generation and management.

Business Progress:

• Announced the appointment of Mark Naysmith as the Global Chief Operating Officer effective January 2025 to enhance operational oversight and promote growth.

• Achieved recognition as the top firm in the ENR Top 225 International Design Firm list and remained leaders in several other ENR market-specific rankings.

• Successfully integrated POWER Engineers acquisition, enhancing capabilities in the energy sector and pursuing over 70 new collaborative opportunities.

• Secured significant new projects across diverse sectors including data centers, transportation, water facilities, and healthcare, reflecting strong market demand and company's broad expertise.

Opportunities:

• Continued focus on growing the POWER Engineers segment globally, indicating potential expansion and revenue opportunities in upcoming strategic cycles.

Risks:

• No explicit risks/opportunities detected

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