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WSP, CA92938W2022

WSP stock trades at EUR 117 after Q3 report

Published on 11/12/2026 at 13:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
WSP stock remains in focus after stronger third-quarter results and a record backlog. Investors are watching project conversion and 2026 guidance.

Quarterly growth and execution focus

  • WSP reported 22.1% growth in third-quarter net revenue and a record CAD 20.3 billion backlog.
  • The company narrowed its 2026 net revenue and adjusted EBITDA outlook ranges.
  • Slower project conversion in parts of the Americas remains an important execution issue.
WSP, CA92938W2022, Illustration mit AI erstellt.
WSP, CA92938W2022, Illustration mit AI erstellt.

WSP stock traded at 117.00 euros on Lang & Schwarz at 13:48 CET on Thursday, November 12, 2026. The quote provides a live European-session reference after the engineering group released its third-quarter results on November 4.

Record backlog supports visibility

WSP Global reported third-quarter revenue of CAD 5.2858 billion for the period ended September 25, 2026, up from CAD 4.5337 billion a year earlier. Net revenue increased 22.1% to CAD 4.2270 billion, while organic net revenue growth reached 5.1%.

The company said its backlog reached a record CAD 20.2680 billion, representing 11.6 months of revenue and a 23.5% increase over the previous year. Organic backlog growth was 5.0% over the twelve-month period. WSP said Canada and EMEIA delivered double-digit organic net revenue growth, while the Americas recorded a more measured pace of project conversion.

Guidance leaves execution in focus

Adjusted EBITDA rose to CAD 864.6 million from CAD 700.4 million, and the adjusted EBITDA margin expanded to 20.5% from 20.2%. Net earnings attributable to shareholders increased to CAD 333.7 million, or CAD 2.48 per share, from CAD 284.5 million, or CAD 2.18 per share.

WSP narrowed its 2026 net revenue target to CAD 16.3 billion to CAD 16.65 billion from CAD 16.0 billion to CAD 17.0 billion. The adjusted EBITDA target was tightened to CAD 3.11 billion to CAD 3.15 billion. The company also expects fourth-quarter net revenue of CAD 4.10 billion to CAD 4.45 billion and adjusted EBITDA of CAD 810 million to CAD 850 million.

WSP said slower project conversion in the United States, particularly in parts of its Transport & Infrastructure and Earth & Environment sectors, affected organic growth. For investors, the record backlog supports forward visibility, while conversion speed and leverage remain key factors for execution.

WSP Global Inc.

  • Company: WSP Global Inc.
  • ISIN: CA92938W2022
  • Quote: 117.00 euros on Lang & Schwarz at 13:48 CET on November 12, 2026
  • Home exchange: Toronto Stock Exchange
  • Third-quarter revenue: CAD 5.2858 billion
  • Backlog: CAD 20.2680 billion as of September 25, 2026

Broader sentiment for Canadian equities can be followed through the S&P/TSX Composite market coverage.

More company coverage is available in More news and analyses on WSP stock.

Source: WSP.

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