WSP Global again misses expectations as 2019 capped by weaker fourth quarter

MONTREAL — WSP Global Inc. missed expectations as it capped 2019 with a weaker fourth quarter than in the previous year.

The Montreal-based engineering consultant says its net income attributable to shareholders was $40.5 million for the period ended Dec. 31, down from $43.3 million a year earlier.

article continues below

Excluding one-time items, adjusted profits fell 4.2 per cent to $56.6 million or 53 cents per diluted share, compared with $59.1 million or 57 cents per share in the prior year.

Net revenues grew 14.3 per cent to $1.76 billion.

WSP was expected to earn 86 cents per share in adjusted profits on $1.77 billion of revenues, according to financial markets data firm Refinitiv.

For the full year, its net income increased to $286.5 million from $248.1 million. Adjusted profits rose 10.7 per cent to $326.7 million or $3.10 per share, up from $295.2 million or $2.83 per share in 2018.

Revenues increased to $6.89 billion from $6 billion.

Analysts had expected adjusted earnings of $3.44 per share on $6.9 billion of revenues.

This report by The Canadian Press was first published Feb. 26, 2020.

Companies in this story: (TSX:WSP).

Read Related Topics

© Copyright Prince George Citizen
Sign Up For Our e-Newsletter!

    Online Shopping & Shipping Available in Prince George & Northern BC areas. Shop Local – Free 30 day returns


    Click Here to Start Saving... Extended to end March 29th

Enough local COVID-19 information POLL

Do you feel the health authorities have provided enough information on what's happening with COVID-19 in the Northern Health region?

or  view results

Popular Citizen

Community Event Calendar

Find out what's happening in your community and submit your own local events.

Lowest Gas Prices in Prince George
Prince George Gas Prices provided by