WSP reports Q1 2025 results with good backlog growth

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[{"type":"text","content":"WSP reports Q1 2025 results with good backlog growth\n\n\n\n MONTREAL, May 07, 2025 (GLOBE NEWSWIRE) -- WSP Global Inc. (TSX: WSP) (“WSP” or the “Corporation”), one of the world's leading professional services firms, today announced financial results for the first quarter ended March 29, 2025.\n \n\n WSP delivered results in line with expectations for the first quarter of 2025. Cash inflows from operating activities, free cash flow\n \n (2)\n \n and days sales outstanding (\"DSO\")\n \n (3)\n \n improved compared to the corresponding period in the prior year. Overall backlog remains strong.\n \n\n\n\n\n\n\n First quarters ended\n \n\n\n\n\n\n\n\n\n\n (in millions of dollars, except percentages, per share data, DSO and ratios)\n \n\n\n March 29, 2025\n \n\n\n\n\n\n\n\n\n March 30, 2024\n \n\n\n\n\n\n\n\n\n\n Revenues\n \n\n $4,388.9\n \n\n\n\n $3,585.1\n \n\n\n\n\n\n Net revenues\n \n (1)\n \n\n\n $3,347.3\n \n\n\n\n $2,793.3\n \n\n\n\n\n\n Earnings before net financing expense and income taxes (EBIT)\n \n\n $288.1\n \n\n\n\n $244.3\n \n\n\n\n\n\n Adjusted EBITDA\n \n (2)\n \n\n\n $533.9\n \n\n\n\n $446.1\n \n\n\n\n\n\n Adjusted EBITDA margin\n \n (2)\n \n\n\n 16.0%\n \n\n\n\n 16.0%\n \n\n\n\n\n\n Net earnings attributable to shareholders of WSP Global Inc.\n \n\n $144.1\n \n\n\n\n $126.8\n \n\n\n\n\n\n Basic net earnings per share attributable to shareholders\n \n\n $1.10\n \n\n\n\n $1.02\n \n\n\n\n\n\n Adjusted net earnings\n \n (2)\n \n\n\n $229.1\n \n\n\n\n $193.8\n \n\n\n\n\n\n Adjusted net earnings per share\n \n (2)\n \n\n\n $1.76\n \n\n\n\n $1.55\n \n\n\n\n\n\n Cash inflows from (outflows used in) operating activities\n \n\n $237.8\n \n\n\n\n $(10.4\n \n\n )\n \n\n\n\n Free cash inflow (outflow)\n \n (2)\n \n\n\n $115.9\n \n\n\n\n $(125.2\n \n\n )\n \n\n\n\n\n\n\n\n\n As at\n \n\n\n\n March 29, 2025\n \n\n\n\n\n\n\n\n\n March 30, 2024\n \n\n\n\n\n\n\n\n\n\n Backlog\n \n\n $16,599.7\n \n\n\n\n $14,233.7\n \n\n\n\n\n\n Approximate number of employees\n \n\n 72,600\n \n\n\n\n 67,200\n \n\n\n\n\n\n DSO\n \n (3)\n \n\n\n 70 days\n \n\n\n\n 76 days\n \n\n\n\n\n\n\n\n\n\n\n As at\n \n\n\n\n March 29, 2025\n \n\n\n\n\n\n\n\n\n December 31, 2024\n \n\n\n\n\n\n\n\n\n\n Net debt to adjusted EBITDA ratio\n \n (3)\n \n\n\n 1.8\n \n\n\n\n 1.8\n \n\n\n\n\n\n\n\n\n\n\n\n (1)\n \n\n\n Total of segments mea...

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