TSX:WSPConstruction
WSP Global (TSX:WSP) Stock Rides Record Margin Strength Despite Cash Friction
The market has been warming to WSP Global, with the stock up about 10.7% over the past week and 7.5% over the past month, even as the 3 month return is still in decline. Today’s Q2 release gave that optimism a focal point. The headline is not just higher revenue. It is the earnings engine behind it, with adjusted EBITDA of $815m and margin at 19.1%, which management calls the best Q2 margin since the company listed.
For an engineering and consulting stock where cash generation and margin...