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Tetra Tech Acquires Halvik Corp
Businesswire· 2026-01-22 14:03
Core Viewpoint - Tetra Tech, Inc. has acquired Halvik Corp to enhance its capabilities in high-end analytics and digital solutions, particularly in the areas of advanced data analytics, systems modernization, and cybersecurity for U.S. defense and civilian agencies [1] Group 1: Acquisition Details - The acquisition of Halvik Corp is aimed at expanding Tetra Tech's offerings in high-end consulting and engineering services [1] - Halvik is recognized for its advisory consulting services, which focus on advanced data analytics and cybersecurity [1] Group 2: Strategic Implications - This acquisition positions Tetra Tech to better serve U.S. defense and civilian agencies by integrating Halvik's expertise into its existing service portfolio [1] - The move reflects Tetra Tech's commitment to enhancing its digital solutions and analytics capabilities in the consulting sector [1]
WSP Announces Details for the Release of Its 2025 Fourth Quarter and Year-End Results
Globenewswire· 2026-01-21 13:00
Core Viewpoint - WSP Global Inc. is set to release its 2025 fourth quarter and year-end results on February 25, 2026, with a conference call scheduled for February 26, 2026, to discuss these results [1][2]. Group 1: Company Overview - WSP is recognized as one of the world's leading professional services firms, combining engineering, advisory, and science-based expertise to enhance communities and advance humanity [3]. - The company operates in over 50 countries and employs approximately 75,000 professionals, referred to as Visioneers, who work on innovative projects across various sectors including transportation, infrastructure, environment, building, energy, water, and mining and metals [3]. Group 2: Upcoming Events - The fourth quarter and year-end results presentation will be available on February 25, 2026, after market close, and a live webcast of the conference call will take place on February 26, 2026, at 8:00 a.m. (Eastern Time) [1][2]. - A replay of the webcast will be accessible within 24 hours following the call on WSP's website in the Investors section [2].
WSP Reports Q2 2025 Results
Globenewswire· 2025-08-06 21:00
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]
WSP delivers on sustainability in 2024 and renews its ambitions
Globenewswire· 2025-04-30 21:00
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]