Upcoming Dividend • Jun 25
Upcoming dividend of CA$0.38 per share Eligible shareholders must have bought the stock before 30 June 2026. Payment date: 15 July 2026. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.8%). Board Change • May 20
High number of new directors Independent Director Pascale Sourisse was the last director to join the board, commencing their role in 2025. Duyuru • May 09
WSP Global Inc. announces Quarterly dividend, payable on July 15, 2026 WSP Global Inc. announced Quarterly dividend of CAD 0.3750 per share payable on July 15, 2026, ex-date on June 30, 2026 and record date on June 30, 2026. Duyuru • Apr 01
WSP Global Inc. to Report Q1, 2026 Results on May 06, 2026 WSP Global Inc. announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on May 06, 2026 Duyuru • Mar 11
WSP Global Inc. announces Quarterly dividend, payable on April 15, 2026 WSP Global Inc. announced Quarterly dividend of CAD 0.3750 per share payable on April 15, 2026, ex-date on March 31, 2026 and record date on March 31, 2026. Duyuru • Dec 23
WSP Global Inc. has completed a Follow-on Equity Offering in the amount of CAD 732.156 million. WSP Global Inc. has completed a Follow-on Equity Offering in the amount of CAD 732.156 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 3,145,000
Price\Range: CAD 232.8
Transaction Features: Rule 144A Duyuru • Dec 16
WSP Global Inc. (TSX:WSP) agreed to acquire TRC Companies, Inc. from Warburg Pincus LLC and others for $3.3 billion. WSP Global Inc. (TSX:WSP) agreed to acquire TRC Companies, Inc. from Warburg Pincus LLC and others for $3.3 billion on December 15, 2025. A cash consideration of $3.3 billion will be paid by WSP Global Inc. As part of consideration, $3.3 billion is paid towards common equity of TRC Companies, Inc. The transaction will be financed through equity investment of $850 million.
For the period ending June 30, 2025, TRC Companies, Inc. reported total revenue of $1.5 billion and EBITDA of $207.2 million.
The transaction is subject to approval by regulatory board / committee. The expected completion of the transaction is March 28, 2026.
Transaction is expected to be low- to mid-single digit percentage accretive to WSP’s adjusted net earnings per share and high-single digit percentage accretive once cost synergies are fully realized.
JPMorgan Chase & Co. acted as financial advisor for WSP Global Inc. CIBC World Markets Corp. acted as financial advisor for WSP Global Inc. Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor for WSP Global Inc. Stikeman Elliott LLP acted as legal advisor for WSP Global Inc. Harris Williams LLC acted as financial advisor for TRC Companies, Inc. UBS Investment Bank acted as financial advisor for TRC Companies, Inc. AEC Advisors LLC acted as financial advisor for TRC Companies, Inc. Houlihan Lokey, Inc. acted as financial advisor for TRC Companies, Inc. Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor for TRC Companies, Inc. Duyuru • Oct 16
WSP Global Inc. to Report Q3, 2025 Results on Nov 05, 2025 WSP Global Inc. announced that they will report Q3, 2025 results After-Market on Nov 05, 2025 Duyuru • Aug 07
WSP Global Inc. Declares Dividend, Payable on or About October 15, 2025 The Board of Directors of WSP Global Inc. declared a dividend of $0.375 per share. This dividend will be payable on or about October 15, 2025, to shareholders of record at the close of business on September 30, 2025. Duyuru • Jul 10
WSP Global Inc. to Report Q2, 2025 Results on Aug 06, 2025 WSP Global Inc. announced that they will report Q2, 2025 results After-Market on Aug 06, 2025 Duyuru • Jun 18
WSP Global Inc. Announces Pascale Sourisse Joins Board of Directors as A Director and Member of Governance, Ethics and Compensation Committee WSP Global Inc. announced that Pascale Sourisse has joined its Board of Directors as a director and member of its Governance, Ethics and Compensation Committee. Ms. Sourisse is an accomplished executive with a successful track record running global high-tech businesses across the defence, aerospace, cybersecurity and digital sectors. Her appointment comes as WSP sets its sights on expanding its presence in strategic high-growth areas, including Digital, Advanced Manufacturing, Mission Critical and Advisory. Pascale Sourisse sits on the Executive Committee of Thales, a global leader in high-tech solutions active in 68 countries. She has held several leadership positions at Thales over her impressive 18-year tenure, and is now Senior Executive Vice- President, International Development and CEO of Thales International. In this role, Ms. Sourisse oversees international operations across Europe, Latin America, Africa, the Middle East, and Asia as well as marketing and sales transformation activities. Through the years, she has also served on the boards of major public and private organizations, including Vinci, Renault, Areva, and Naval Group, often chairing key board committees. For her contributions and achievements, Pascale Sourisse has been awarded several notable distinctions. She is a Commander of both the French Legion of Honour and the French National Order of Merit. She is a graduate of École Polytechnique and Telecom Paris and is a board member of École Polytechnique and Institut Polytechnique de Paris. Ms. Sourisse has also been a member of the French Academy of Technologies since 2015. Duyuru • Jun 03
WSP Global Inc. (TSX:WSP) acquired Lexica Health and Life Sciences Consultancy Limited. WSP Global Inc. (TSX:WSP) acquired Lexica Health and Life Sciences Consultancy Limited on June 2, 2025.
WSP Global Inc. (TSX:WSP) completed the acquisition of Lexica Health and Life Sciences Consultancy Limited on June 2, 2025. Duyuru • May 08
Wsp Global Inc. Declares Dividend, Payable on or About July 15, 2025 The Board of Directors of WSP Global Inc. declared a dividend of CAD 0.375 per share. This dividend will be payable on or about July 15, 2025, to shareholders of record at the close of business on June 30, 2025. Duyuru • Apr 03
WSP Global Inc. to Report Q1, 2025 Results on May 07, 2025 WSP Global Inc. announced that they will report Q1, 2025 results After-Market on May 07, 2025 Duyuru • Mar 04
WSP Global Inc., Annual General Meeting, May 08, 2025 WSP Global Inc., Annual General Meeting, May 08, 2025. Location: quebec, montreal Canada Duyuru • Feb 27
WSP Global Inc. Declares Dividend, Payable on or About April 15, 2025 WSP Global Inc. declared dividend of CAD 0.375 per share. This dividend will be payable on or about April 15, 2025, to shareholders of record at the close of business on March 31, 2025. Duyuru • Jan 20
WSP Global Inc. to Report Q4, 2024 Results on Feb 26, 2025 WSP Global Inc. announced that they will report Q4, 2024 results After-Market on Feb 26, 2025 Declared Dividend • Nov 12
Third quarter dividend of CA$0.38 announced Shareholders will receive a dividend of CA$0.38. Ex-date: 31st December 2024 Payment date: 15th January 2025 Dividend yield will be 0.7%, which is lower than the industry average of 2.9%. Payout Ratios Payout ratio: 29%. Cash payout ratio: 16%. Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: CA$1.63 (vs CA$1.25 in 3Q 2023) Third quarter 2024 results: EPS: CA$1.63 (up from CA$1.25 in 3Q 2023). Revenue: CA$3.98b (up 11% from 3Q 2023). Net income: CA$203.6m (up 30% from 3Q 2023). Profit margin: 5.1% (up from 4.3% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 4.6% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 10% per year and the company’s share price has also increased by 10% per year. New Risk • Oct 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks High level of debt (51% net debt to equity). Shareholders have been diluted in the past year (4.6% increase in shares outstanding). Duyuru • Oct 10
WSP Global Inc. to Report Q3, 2024 Results on Nov 06, 2024 WSP Global Inc. announced that they will report Q3, 2024 results After-Market on Nov 06, 2024 Duyuru • Oct 02
WSP Global Inc. (TSX:WSP) completed the acquisition of POWER Engineers, Incorporated. WSP Global Inc. (TSX:WSP) entered into an agreement to acquire POWER Engineers, Incorporated for $1.8 billion on August 12, 2024. The Acquisition, with a purchase price of $1.8 billion (approximately CAD 2.4 billion), reflects POWER’s estimated 2024 pre-IFRS 16 adjusted EBITDA3 at a multiple of 15.2x, or 12.5x post-synergies4. Expected to be immediately accretive to WSP’s adjusted net earnings per share before synergies. WSP expects 2026 Accretion to be in mid-single digits once cost synergies are fully realized. POWER reported net income of $52.4 million, revenue of $837.8 million and POWER Post-IFRS 16 Adjusted EBITDA of $98.9 million for the period end on December 31, 2023. The transaction will be financed through approximately $500 million public offering, approximately $500 million private placements and unsecured terms credit faculties of $1.9 billion. As of September 10, 2024, WSP priced an offering (the “Offering”) of $525 million aggregate principal amount of 4.12% senior unsecured notes due September 12, 2029 and $475 million aggregate principal amount of 4.754% senior unsecured notes due September 12, 2034. Proceeds from Offering will be used to fund in part the purchase price. WSP will receive a termination fee should the transaction agreement be terminated in connection with a superior proposal or a change in recommendation by the board of directors of POWER.
The Acquisition is subject to certain customary closing conditions, including (i) approval by POWER shareholders, and (ii) regulatory approval in the U.S. The special meeting of the POWER shareholders to consider and vote on the Acquisition is expected to be held on or about September 6, 2024 (the “Special Meeting”). The Acquisition has been unanimously approved by the boards of directors of both companies. The Corporation has obtained voting and support agreements in favour of the Acquisition for over 99% of the shares held by the POWER shareholders (including POWER’s management committee and employee directors) who hold together approximately 83% of all of the issued and outstanding POWER shares. Under this agreement, such shareholders have also agreed to vote against any other proposal for a period of three months from the date of the transaction agreement. The Acquisition is expected to be completed in the early fourth quarter of 2024. Transaction is expected to be immediately accretive to WSP’s adjusted net earnings per share and expected accretion in mid-single digits for 2026 once cost synergies are fully realized.
Perella Weinberg Partners and the Environmental Financial Consulting Group (EFCG) are acting as financial advisors to WSP on the acquisition. Legal advice is being provided to WSP by Skadden, Arps, Slate, Meagher & Flom LLP in the United States and Stikeman Elliott LLP in Canada. AEC Advisors is acting as the exclusive financial advisor to POWER on the acquisition, with legal advice being provided to POWER by Katten Muchin Rosenman LLP.
WSP Global Inc. (TSX:WSP) completed the acquisition of POWER Engineers, Incorporated on October 1, 2024. Upcoming Dividend • Sep 20
Upcoming dividend of CA$0.38 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 15 October 2024. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.6%). Duyuru • Aug 20
WSP Global Inc. announced that it has received CAD 500.256489 million in funding from GIC Private Limited, Caisse de dépôt et placement du Québec, British Columbia Investment Management Corporation, Canada Pension Plan Investment Board On August 19, 2024, WSP Global Inc closed the transaction. The company issued 2,446,242 Subscription Receipts at issue price CAD 204.5 per subscription receipt for gross proceeds CAD 500,256,489.The company issued 366,936 Placement Subscription Receipts pursuant to the exercise in full of the additional subscription options by each of the Investors. Duyuru • Aug 14
WSP Global Inc. (TSX:WSP) entered into an agreement to acquire POWER Engineers, Incorporated for $1.8 billion. WSP Global Inc. (TSX:WSP) entered into an agreement to acquire POWER Engineers, Incorporated for $1.8 billion on August 12, 2024. The Acquisition, with a purchase price of $1.8 billion (approximately CAD 2.4 billion), reflects POWER’s estimated 2024 pre-IFRS 16 adjusted EBITDA3 at a multiple of 15.2x, or 12.5x post-synergies4. Expected to be immediately accretive to WSP’s adjusted net earnings per share before synergies. WSP expects 2026 Accretion to be in mid-single digits once cost synergies are fully realized. POWER reported net income of $52.4 million, revenue of $837.8 million and POWER Post-IFRS 16 Adjusted EBITDA of $98.9 million for the period end on December 31, 2023. The transaction will be financed through approximately $500 million public offering, approximately $500 million private placements and unsecured terms credit faculties of $1.9 billion. WSP will receive a termination fee should the transaction agreement be terminated in connection with a superior proposal or a change in recommendation by the board of directors of POWER.
The Acquisition is subject to certain customary closing conditions, including (i) approval by POWER shareholders, and (ii) regulatory approval in the U.S. The special meeting of the POWER shareholders to consider and vote on the Acquisition is expected to be held on or about September 6, 2024 (the “Special Meeting”). The Acquisition has been unanimously approved by the boards of directors of both companies. The Corporation has obtained voting and support agreements in favour of the Acquisition for over 99% of the shares held by the POWER shareholders (including POWER’s management committee and employee directors) who hold together approximately 83% of all of the issued and outstanding POWER shares. Under this agreement, such shareholders have also agreed to vote against any other proposal for a period of three months from the date of the transaction agreement. The Acquisition is expected to be completed in the early fourth quarter of 2024. Transaction is expected to be immediately accretive to WSP’s adjusted net earnings per share and expected accretion in mid-single digits for 2026 once cost synergies are fully realized.
Perella Weinberg Partners and the Environmental Financial Consulting Group (EFCG) are acting as financial advisors to WSP on the acquisition. Legal advice is being provided to WSP by Skadden, Arps, Slate, Meagher & Flom LLP in the United States and Stikeman Elliott LLP in Canada. AEC Advisors is acting as the exclusive financial advisor to POWER on the acquisition, with legal advice being provided to POWER by Katten Muchin Rosenman LLP. Duyuru • Aug 13
WSP Global Inc. announced that it expects to receive CAD 500 million in funding from GIC Private Limited, Caisse de dépôt et placement du Québec, British Columbia Investment Management Corporation, Canada Pension Plan Investment Board WSP Global Inc. announced that it has entered into a subscription agreements to issue common shares for the gross proceeds of CAD 500 million on August 12, 2024. The transaction will include participation from returning investors, GIC Private Limited for approximately CAD 167 million, Caisse de dépôt et placement du Québec for CAD 158 million, British Columbia Investment Management Corporation for CAD 125 million, Canada Pension Plan Investment Board for CAD 50 million. Each of the investors has also been granted an option to purchase a number of additional placement subscription receipts representing up to 15% of the number of placement subscription receipts subscribed by each of them on closing, subject to, and in the same proportion as the over-allotment option being exercised by the underwriters. the issuance of the placement subscription receipts under the concurrent private placement is subject to the approval of the TSX. Closing of the concurrent private placement is scheduled to occur concurrently with the closing of the offering and is conditional upon the concurrent completion of the offering. The placement subscription receipts, and the underlying common shares will be subject to a four month hold from the closing date of the concurrent private placement. In accordance with the terms of the subscription agreements, all common shares issued pursuant to the terms of the placement subscription receipts will also be subject to contractual lockups for a period of six (6) months following the date of issuance of such common shares. upon and conditional on the closing of the acquisition, each of the investors will be entitled to a capital commitment fee equal to 4% of the aggregate purchase price for the placement subscription receipts for which each of them has subscribed. Declared Dividend • Aug 04
Second quarter dividend of CA$0.38 announced Shareholders will receive a dividend of CA$0.38. Ex-date: 27th September 2024 Payment date: 15th October 2024 Dividend yield will be 0.8%, which is lower than the industry average of 2.9%. Payout Ratios Payout ratio: 31%. Cash payout ratio: 20%. Reported Earnings • Jul 31
Second quarter 2024 earnings released: EPS: CA$1.48 (vs CA$1.21 in 2Q 2023) Second quarter 2024 results: EPS: CA$1.48 (up from CA$1.21 in 2Q 2023). Revenue: CA$3.93b (up 8.5% from 2Q 2023). Net income: CA$184.1m (up 22% from 2Q 2023). Profit margin: 4.7% (up from 4.2% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is expected to decline by 2.9% p.a. on average during the next 3 years, while revenues in the Construction industry in Europe are expected to grow by 4.8%. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jul 09
WSP Global Inc. to Report Q2, 2024 Results on Jul 30, 2024 WSP Global Inc. announced that they will report Q2, 2024 results After-Market on Jul 30, 2024 Duyuru • Jun 15
WSP Global Inc. Appoints Martine Ferland to Its Board of Directors WSP Global Inc. announced that Martine Ferland has been appointed to its Board of Directors and as a member of its Governance, Ethics and Compensation Committee. Ms. Ferland is a seasoned and recognized leader in the professional services industry, with over 40 years of global experience in human resource consulting, talent strategy, and pension investment. Ms. Ferland recently retired after a successful transformational tenure as President and Chief Executive Officer of Mercer, a multi-billion dollar global leader in redefining the world of work, reshaping retirement and investment outcomes, and unlocking health and well-being, where she also served as Vice Chair of the Board for Marsh McLennan, Mercer’s parent company and the leading global professional services firm in the areas of risk, strategy, and people. Prior to that, she held several senior leadership roles at Mercer and Willis Towers Watson, formerly Towers Perrin, with a focus on regional and business line oversight. The scope of her various roles led her to be based in Canada, the United States, and the United Kingdom over the span of her career. Ms. Ferland holds a bachelor’s degree in actuarial sciences from L'Université Laval (Laval University) and is a Fellow of the Society of Actuaries and the Canadian Institute of Actuaries. Declared Dividend • May 20
First quarter dividend of CA$0.38 announced Shareholders will receive a dividend of CA$0.38. Ex-date: 28th June 2024 Payment date: 15th July 2024 Dividend yield will be 0.8%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. EPS is expected to grow by 29% over the next year, which should provide support to the dividend and adequate earnings cover. Duyuru • May 10
WSP Global Inc. Declares Dividend, Payable on or About July 15, 2024 The Board of WSP Global Inc. declared a dividend of $0.375 per share. This dividend will be payable on or about July 15, 2024, to shareholders of record at the close of business on June 30, 2024. Reported Earnings • May 09
First quarter 2024 earnings released: EPS: CA$1.02 (vs CA$0.90 in 1Q 2023) First quarter 2024 results: EPS: CA$1.02 (up from CA$0.90 in 1Q 2023). Revenue: CA$3.59b (up 2.7% from 1Q 2023). Net income: CA$126.8m (up 13% from 1Q 2023). Profit margin: 3.5% (up from 3.2% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is expected to decline by 3.0% p.a. on average during the next 3 years, while revenues in the Construction industry in Europe are expected to grow by 4.2%. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • May 03
WSP Global Inc. (TSX:WSP) acquired AKF Group LLC. WSP Global Inc. (TSX:WSP) acquired AKF Group LLC on May 1, 2024.WSP Global Inc. (TSX:WSP) completed the acquisition of AKF Group LLC on May 1, 2024. Duyuru • Apr 11
WSP Global Inc. to Report Q1, 2024 Results on May 08, 2024 WSP Global Inc. announced that they will report Q1, 2024 results After-Market on May 08, 2024 Duyuru • Apr 03
WSP Global Inc. Announces Executive Appointments in the United States WSP Global Inc. announced the nomination of Joseph Sczurko (Joe) as President, USA, effective immediately. Joseph Sczurko has been a licensed professional engineer since 1989. He holds over 35 years of progressive experience and management responsibility in consulting and engineering services. He was serving as the CEO of Wood E&I when WSP announced its intention to acquire the business in 2022. Until this time, Joe led WSP’s Earth & Environment business in the USA. Throughout his career, he has gained broad experience in end markets, clients, project types and technical staff. Joe has also established extensive networks within the industry, led change and successfully delivered results in a range of business operating models. He holds a bachelor’s degree in civil engineering, a Master of Science in civil and environmental engineering, as well as an MBA. The Corporation announced the appointment of Christopher Peters (Chris) to the role of Chief Operating Officer, USA, effective immediately, overseeing operational efficiency in alignment with strategic goals. Chris is a registered professional engineer and a registered structural engineer. With 30 years of experience in the engineering industry, Chris has successfully served in a wide variety of management roles. He joined WSP in 2017 and until now was the President, West Region in the USA and was responsible for operations and growth of multiple business lines, including transportation, property and buildings, water, energy and advisory services. He possesses extensive expertise and industry credibility, and a deep knowledge of the transportation sector. He holds a bachelor’s degree and a master’s degree in civil engineering. Duyuru • Mar 29
WSP Global Inc. Announces Retirement of Pierre Shoiry as Vice Chairman on May 9, 2024 WSP Global Inc. announced that Pierre Shoiry, WSP’s Vice Chairman, will be retiring from the Board at WSP’s upcoming Shareholder Meeting to be held on May 9, 2024. Mr. Shoiry was President and Chief Executive Officer of the Corporation for 21 years before successfully transitioning to the role of Vice Chairman in 2016 and ensuring sound continuity and succession planning. He has been instrumental in the direction and growth of the business and this year, is completing 35 years of dedicated service and leadership with WSP. The Corporation has grown through organic growth and acquisitions into one of the leading global engineering consulting firms with 66,500 employees. Duyuru • Mar 22
WSP Global Inc. (TSX:WSP) acquired Communica Public Affairs Inc. WSP Global Inc. (TSX:WSP) acquired Communica Public Affairs Inc. on March 21, 2024.
WSP Global Inc. (TSX:WSP) completed the acquisition of Communica Public Affairs Inc. on March 21, 2024. Upcoming Dividend • Mar 20
Upcoming dividend of CA$0.38 per share Eligible shareholders must have bought the stock before 27 March 2024. Payment date: 15 April 2024. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (4.0%). Declared Dividend • Mar 04
Fourth quarter dividend of CA$0.38 announced Shareholders will receive a dividend of CA$0.38. Ex-date: 27th March 2024 Payment date: 15th April 2024 Dividend yield will be 0.8%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. EPS is expected to grow by 59% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: CA$4.41 (vs CA$3.59 in FY 2022) Full year 2023 results: EPS: CA$4.41 (up from CA$3.59 in FY 2022). Revenue: CA$14.4b (up 21% from FY 2022). Net income: CA$550.0m (up 27% from FY 2022). Profit margin: 3.8% (up from 3.6% in FY 2022). Revenue is expected to decline by 2.8% p.a. on average during the next 3 years, while revenues in the Construction industry in Europe are expected to grow by 4.1%. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jan 25
WSP Global Inc. to Report Q4, 2023 Results on Feb 28, 2024 WSP Global Inc. announced that they will report Q4, 2023 results After-Market on Feb 28, 2024 Upcoming Dividend • Dec 21
Upcoming dividend of CA$0.38 per share at 0.8% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 15 January 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (3.9%). Duyuru • Dec 07
WSP Global Inc. Appoints Claude Tessier to Its Board of Directors WSP Global Inc. announced that Mr. Claude Tessier has been appointed to its Board of Directors and as a member of its Audit Committee. With his extensive senior management, financial, and operational experience, Mr. Tessier is a valuable addition to WSP’s Board. He served as the Chief Financial Officer at Alimentation Couche-Tard Inc., a global leader in convenience and fuel retail, and supported the company’s significant growth for seven years until he retired in 2023. Prior to that, he was the President of the IGA Operations Business Unit at Sobeys Inc. and held senior financial and operational leadership roles in several other renowned companies. Mr. Tessier serves on the Boards of CCL Industries Inc. and the TMX Group Limited where he is also Chair of the Finance and Audit Committee and a member of the Derivatives Committee. Mr. Tessier holds a Bachelor of Accounting degree from the Université du Québec à Montréal. He is a member of the Chartered Professional Accountants of Canada. Duyuru • Nov 23
WSP Global Inc. announced that it has received $500 million in funding On November 22, 2023, WSP Global Inc. closed the transaction Duyuru • Nov 17
WSP Global Inc. announced that it expects to receive $500 million in funding WSP Global Inc. announced a private placement of 5.548% senior unsecured notes due November 22, 2030 for gross proceeds of $500,000,000 on November 15, 2023. The notes are issued at par having a fixed interest rate of 5.548% per annum, payable semiannually until maturity on the 22nd day of May and November in each year beginning on May 22, 2024. The notes will mature on November 22, 2030. The transaction is expected to close on or about November 22, 2023 subject to customary closing conditions. The notes will be direct, senior unsecured obligations, will rank pari passu with all other unsecured and unsubordinated indebtedness, and will be issued pursuant to a Trust Indenture, as supplemented by a first supplemental indenture, each to be dated November 22, 2030. Reported Earnings • Nov 11
Third quarter 2023 earnings released: EPS: CA$1.25 (vs CA$1.05 in 3Q 2022) Third quarter 2023 results: EPS: CA$1.25 (up from CA$1.05 in 3Q 2022). Revenue: CA$3.60b (up 24% from 3Q 2022). Net income: CA$156.2m (up 23% from 3Q 2022). Profit margin: 4.3% (down from 4.4% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 1.9% p.a. on average during the next 3 years, while revenues in the Construction industry in Germany are expected to grow by 7.2%. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Nov 04
WSP Upgrades Capabilities to Offer Advanced Geospatial LiDAR Services WSP has upgraded its surveying capabilities with mobile light detection and ranging (LiDAR) system following its recent purchase of a RIEGL VMX 2HA Mobile Scanning System. LiDAR is a remote sensing method that uses light in the form of a pulsed laser to measure varying distances to an infrastructure asset that is being surveyed. When processed, registered and combined with other surveying methods, these pulses generate precise, three-dimensional information rendering of assets. This high-precision, dual scanner mobile mapping system provides dense, accurate and data from highway-speed data gathering. The system is capable of 3.6 million measurements and 500 scan lines per second and is ideal for survey-grade mobile mapping applications. Another element of this system is the incorporation of the Ladybug 360-degree spherical camera. WSP is one of the first firms in the U.S. to utilize this Ladybug6 camera, which boasts multiple 72-megapixel cameras that captures 360-degree georeferenced imagery. The team is currently expanding this systems usage into other projects, such as airport runway pavement analysis. The team's involvement in the transition to digital project delivery is another priority for this expanding service. The team is essential in the creation of a "digital twin" of an asset, which is a virtual replica of an asset that incorporates associated real-time data during operation of that asset. Within the digital project delivery timeline, WSP is at the forefront in the creation of the digital twins, supporting change management efforts, and at the final stages with 'as-built' modeling of the built environment. WSP's Geospatial and Surveying team has been involved with remote sensing and LiDAR project delivery for the past 15-plus years with in-house drones, ground penetrating radars and terrestrial laser scanners. With this upgrade of the firm's mobile mapping technology, WSP is now at the forefront of offering clients a full suite of complimentary LiDAR data collection tools. Buying Opportunity • Oct 25
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €155, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 17%. Revenue is forecast to decline by 12% in 2 years. Earnings is forecast to grow by 72% in the next 2 years. Duyuru • Oct 19
WSP Global Inc. to Report Q3, 2023 Results on Nov 08, 2023 WSP Global Inc. announced that they will report Q3, 2023 results After-Market on Nov 08, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of CA$0.38 per share at 0.8% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 15 October 2023. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.8%). Buying Opportunity • Sep 14
Now 20% undervalued Over the last 90 days, the stock is up 6.6%. The fair value is estimated to be €163, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 17%. Revenue is forecast to decline by 17% in a year. Earnings is forecast to grow by 43% in the next year. Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: CA$1.21 (vs CA$0.76 in 2Q 2022) Second quarter 2023 results: EPS: CA$1.21 (up from CA$0.76 in 2Q 2022). Revenue: CA$3.63b (up 31% from 2Q 2022). Net income: CA$150.7m (up 69% from 2Q 2022). Profit margin: 4.2% (up from 3.2% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 7.6% p.a. on average during the next 3 years, while revenues in the Construction industry in Germany are expected to grow by 2.8%. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Aug 08
Versar, Inc. acquired Louis Berger Services, Inc. from WSP Global Inc. (TSX:WSP). Versar, Inc. acquired Louis Berger Services, Inc. from WSP Global Inc. (TSX:WSP) on August 7, 2023. LBS represents Kingswood's fifth investment in the government services sector since 2017. The company employs approximately 1,400 people.
Versar, Inc. completed the acquisition of Louis Berger Services, Inc. from WSP Global Inc. (TSX:WSP) on August 7, 2023. Duyuru • Jul 13
WSP Global Inc. to Report Q2, 2023 Results on Aug 08, 2023 WSP Global Inc. announced that they will report Q2, 2023 results After-Market on Aug 08, 2023 Upcoming Dividend • Jun 22
Upcoming dividend of CA$0.38 per share at 0.9% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 15 July 2023. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.8%). Duyuru • Jun 06
WSP Global Inc. (TSX:WSP) completed the acquisition of Calibre Professionals Services One Pty Ltd. WSP Global Inc. (TSX:WSP) entered into an agreement to acquire Calibre Professionals Services One Pty Ltd for approximately AUD 280 million on April 5, 2023. The transaction is subject to customary closing conditions, including obtaining approval from the Foreign Investment Review Board in Australia and expected to complete the second quarter of 2023.
WSP Global Inc. (TSX:WSP) completed the acquisition of Calibre Professionals Services One Pty Ltd on June 5, 2023. With the addition of Calibre’s 800 professionals, WSP’s mining team now represents over 5,200 professionals globally. Reported Earnings • May 11
First quarter 2023 earnings released: EPS: CA$0.90 (vs CA$0.81 in 1Q 2022) First quarter 2023 results: EPS: CA$0.90 (up from CA$0.81 in 1Q 2022). Revenue: CA$3.49b (up 29% from 1Q 2022). Net income: CA$112.5m (up 18% from 1Q 2022). Profit margin: 3.2% (down from 3.5% in 1Q 2022). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • May 11
WSP Global Inc. Cash Declares Dividend, Payable On or About July 15, 2023 The Board of WSP Global Inc. declared a cash dividend of $0.375 per share. This dividend will be payable on or about July 15, 2023, to shareholders of record at the close of business on June 30, 2023. Duyuru • May 05
WSP Global Inc. (TSX:WSP) acquired LGT Inc. WSP Global Inc. (TSX:WSP) acquired LGT Inc. on May 3, 2023. Moïse Gagné, President of lgt and the team will be joining WSP Global.WSP Global Inc. (TSX:WSP) completed the acquisition of LGT Inc. on May 3, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of CA$0.38 per share at 0.9% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 15 April 2023. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.8%). Reported Earnings • Mar 10
Full year 2022 earnings released: EPS: CA$3.59 (vs CA$4.07 in FY 2021) Full year 2022 results: EPS: CA$3.59 (down from CA$4.07 in FY 2021). Revenue: CA$11.9b (up 16% from FY 2021). Net income: CA$431.8m (down 8.8% from FY 2021). Profit margin: 3.6% (down from 4.6% in FY 2021). Revenue is expected to decline by 1.2% p.a. on average during the next 3 years, while revenues in the Construction industry in Europe are expected to grow by 2.2%. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Feb 09
WSP Global Inc. to Report Q4, 2022 Results on Mar 08, 2023 WSP Global Inc. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Mar 08, 2023 Buying Opportunity • Dec 21
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 8.7%. The fair value is estimated to be €135, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to decline by 4.7% in 2 years. Earnings is forecast to grow by 68% in the next 2 years. Recent Insider Transactions • Nov 23
Independent & Non Executive Director recently bought €69k worth of stock On the 17th of November, Birgit Norgaard bought around 600 shares on-market at roughly €116 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €16m more in shares than they bought in the last 12 months. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 3 highly experienced directors. Independent Director Paul Raymond was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 11
Third quarter 2022 earnings released: EPS: CA$1.05 (vs CA$1.18 in 3Q 2021) Third quarter 2022 results: EPS: CA$1.05 (down from CA$1.18 in 3Q 2021). Revenue: CA$2.90b (up 9.3% from 3Q 2021). Net income: CA$127.5m (down 8.3% from 3Q 2021). Profit margin: 4.4% (down from 5.2% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. 
