WSP Global stock gains focus after stronger Q3 and record backlog

WSP Global reported stronger third-quarter results on Wednesday, November 4, for the period ended September 25, 2026. The engineering and infrastructure services group said revenue rose 16.6 percent year over year to CAD 5.29 billion, while net revenue increased 22.1 percent to CAD 4.23 billion. The figures were published by GlobeNewswire.

Revenue and profit move higher

Adjusted EBITDA increased 23.4 percent to CAD 864.6 million, and the adjusted EBITDA margin widened to 20.5 percent from 20.2 percent a year earlier. Adjusted net earnings reached CAD 430.8 million, or CAD 3.20 per share, compared with CAD 368.8 million, or CAD 2.82 per share, in the prior-year quarter.

Net revenue organic growth was 5.1 percent, with Canada and EMEIA delivering double-digit organic growth. Acquisition-related growth contributed 15.3 percent, mainly reflecting the TRC Companies acquisition completed in February and the Ricardo acquisition completed in October 2025.

Backlog supports forward visibility

WSP's backlog reached a record CAD 20.3 billion as of September 25, up 5.0 percent organically over the previous twelve months. Backlog organic growth in the Americas reached 4.9 percent in the third quarter, according to the company.

Management said the integration of TRC was progressing as planned. The leverage ratio stood at 2.2 times, above the target range of 1.0 to 2.0 times, with a return to that range expected by year-end. The company also reiterated its 2026 outlook, including low-single-digit organic growth for the Americas and mid-to-high-single-digit organic growth for EMEIA.

Stock and investor calendar

WSP Global stock traded at 127.00 euros on Lang & Schwarz at 13:39:12 CET on Thursday, November 5, 2026. The company will discuss the results during an investor webcast from 8:00 to 9:00 a.m. Eastern Time on November 5. Investors can follow the real-time quote of WSP Global stock.

The Canadian equity market provides the broader setting for WSP's Toronto-listed shares; see the latest Canadian market reports.

More results, company developments and analysis are available in more news and analyses on WSP Global stock.