WSP Global Inc. Sees Strong Growth in Q2 Financials
WSP Global Inc. Reports Impressive Second Quarter Results
WSP Global Inc. (TSX: WSP), a premier global professional services firm, has unveiled its remarkable performance in Q2 2025. This period saw significant advancements in financial metrics, which reflects the company's commitment to excellence and strategic growth.
Financial Highlights
During the second quarter, WSP achieved a robust revenue of $4.51 billion, marking a notable increase of 14.6% compared to the previous year. Similarly, net revenues surged to $3.48 billion, representing a 16.3% growth. This robust performance underscores the successful execution of WSP’s strategic initiatives and the effective integration of recently acquired entities.
Improving Margins
The adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) reached a remarkable $632.8 million, symbolizing a 21.7% increase from $519.9 million in Q2 2024. The EBITDA margin improved by 80 basis points year-over-year, clocking in at 18.2%. This improvement is attributed to the company's relentless focus on productivity and operational efficiency.
Free Cash Flow and Outlook
The free cash inflow for the first half of 2025 was an impressive $572.5 million, a significant turnaround from a free cash outflow of $49.8 million in the same timeframe the previous year. This pivotal shift indicates WSP’s robust ability to generate cash and increase shareholder value.
Backlog and Growth Opportunities
As of June 28, 2025, WSP's backlog reached $16.3 billion, reflecting a 10.9% increase in the twelve-month period and equating to approximately 11 months of revenue. Growth in backlog was particularly pronounced in the Nordics, Australia, and New Zealand markets, showcasing a healthy pipeline of future projects.
CEO’s Perspective
"Our second quarter results demonstrate the strength of our diversified platform and the disciplined execution of our strategic plan," commented Alexandre L'Heureux, President and CEO of WSP. "With solid fundamentals across key markets, we are well positioned to advance in the upcoming months and continue delivering value to our clients and shareholders."
Dividend Announcement
WSP’s Board of Directors declared a quarterly dividend of $0.375 per share. Shareholders on record as of September 30, 2025, will receive this dividend on or about October 15, 2025.
Future Financial Projections
Looking ahead, the adjusted EBITDA outlook is anticipated to reach the higher end of the previously issued range of $2.50 billion to $2.55 billion. WSP’s continued performance in major markets like Canada and the Americas supports this optimistic forecast, despite expectations of low to mid-single-digit organic contraction in the APAC reportable segment.
Frequently Asked Questions
1. What were WSP's total revenues for Q2 2025?
WSP reported total revenues of $4.51 billion for the second quarter of 2025.
2. How much did the adjusted EBITDA increase?
The adjusted EBITDA increased to $632.8 million, which is a 21.7% increase from Q2 2024.
3. What dividend did WSP declare for shareholders?
WSP declared a quarterly dividend of $0.375 per share, payable to shareholders on record as of September 30, 2025.
4. How has the backlog changed?
The backlog as of June 28, 2025, was $16.3 billion, up 10.9% compared to the previous year.
5. What is the company's outlook for 2025?
The company’s 2025 adjusted EBITDA is expected to reach the higher end of the range revised to approximately $2.50 billion to $2.55 billion.
About The Author
Contact Hannah Lewis privately here. Or send an email with ATTN: Hannah Lewis as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.