WSP Global keeps its focus on growth. The firm just released its 4th quarter and year-end financial results, and the numbers are in line with expectations.
In the last quarter, revenues reached $1,798.4 million, up 8.3% compared to the last quarter in 2015. For the fiscal year, revenues were $6,379.6 million, up 5.2% compared to 2015.
WSP's geographically diverse revenue streams, combined with its diverse public/private and fee-for-service/fixed fee client base, enabled it to attain all of its key 2016 financial targets.
“During this year of change, we have enhanced our operational capabilities, particularly in the buildings, infrastructure and rail sectors, and sharpen our focus on clients and engage extensively with employees. We also added over 2,500 new colleagues to our workforce through 8 acquisitions," said Alexandre L'Heureux, WSP's President and Chief Executive Officer.
WSP acquired Hoyer Finseth in Norway and AWT Consulting in Australia, increasing its expertise in structural engineering.
At the end of the period, backlog was at $5,668.8 million, representing 10.1 months of revenues, up 9% compared to 2015.
"In 2017, as we rebrand all our operations to WSP, we will remain committed to providing our clients with technical excellence, pursuing organic and acquisition growth and further engaging with all stakeholders, with the objective of meeting our 2018 strategic plan targets," said Alexandre L’Heureux.
Details are available in the official press release.