Core Insights - WSP Global Inc. reported strong financial performance for Q2 2025, with an 80 basis points increase in adjusted EBITDA margin compared to Q2 2024, and significant free cash inflow [2][7][8] - The company expects adjusted EBITDA for 2025 to reach the higher end of the previously issued range due to continued strong performance across key markets [2][7][8] Financial Performance - Revenues for Q2 2025 were $4,508.3 million, a 14.6% increase from $3,932.9 million in Q2 2024, while net revenues rose by 16.3% to $3,476.0 million [3][7][16] - Adjusted EBITDA for the quarter increased by 21.7% to $632.8 million, with an adjusted EBITDA margin of 18.2%, up from 17.4% in Q2 2024 [3][7][29] - Net earnings attributable to shareholders reached $279.4 million, or $2.14 per share, marking a 51.8% increase compared to $184.1 million, or $1.48 per share, in Q2 2024 [3][7][30] Cash Flow and Debt Management - Cash inflows from operating activities for the six-month period ended June 28, 2025, were $821.7 million, significantly up from $193.1 million in the same period of 2024 [7][31] - Free cash inflow for the six-month period was $572.5 million, a substantial improvement from a free cash outflow of $49.8 million in the prior year [7][31] - The net debt to adjusted EBITDA ratio improved to 1.5x, within the management's target range of 1.0x to 2.0x [7][6] Backlog and Growth - The backlog as of June 28, 2025, reached $16.3 billion, a 10.9% increase year-over-year, representing approximately 11.0 months of revenue [7][8] - The company experienced organic growth in net revenues of 3.5%, with acquisition growth contributing 10.4% to the overall revenue increase [7][8] Dividend Declaration - WSP declared a quarterly dividend of $0.375 per share, payable on or about October 15, 2025, to shareholders of record as of September 30, 2025 [9][10]

Core Insights - WSP Global Inc. has released its 2024 Global Sustainability Report, marking the completion of its 2022-2024 reporting cycle and highlighting its commitment to sustainability across operations [1][2] Group 1: 2024 Highlights - WSP reported an all-time high of 65.1% of annualized revenues linked to Sustainable Development Goals (SDG), an increase from 63.4% in 2023 [7] - The company achieved a 68% reduction in total scope 1 and scope 2 greenhouse gas emissions and a 17% reduction in scope 3 emissions compared to a 2018 baseline [7] - WSP increased its global average employee retention rate by approximately 3.7% from 2023 and filled 78% of global leadership positions internally [7] - The company received recognition from Ethisphere for its strong ethical values, achieving a third consecutive Compliance Leader Verification [7] - WSP maintained its placements in the Dow Jones Best-in-Class North America Index and Corporate Knights' Global 100 Most Sustainable Corporations for 2025 [7] Group 2: Future Sustainability Targets - WSP has set new sustainability ambitions and targets for 2025-2027, which are designed to align with its strategic and financial goals [3] - The 2025-2027 Global Strategic Action Plan will detail how WSP aims to continue its progress in sustainability [3]