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In the midst of the uncertainty derived from the rates and elections of President Donald Trump around the world, WSP’s CEO, Alexandre.
However, the Heux expressed confidence in the capacity of Montreal’s company to respond to global megatrends such as decarbonization, electrification, urbanization and resilience of the supply chain.
During the WSP three -year strategic cycle, it was made 15 acquisitions and added about 20,000 people to their count. However, the worst thing that can happen for mergers and acquisitions is instability and lack of visibility in the future, said Heaux. Currently, he characterized the environment as “very unstable”.
Alexander the happy
“I think many players are on the sidelines and wait for good conditions to try to take action. No one wants to sell with a discount,” said Heaux. “No one wants to get an asset for sale in an environment where the environment does not prosper.”
The heureux said that integration of energy engineers, Hailey’s engineering and environmental consulting firm, Idaho, bought in August 2024 for $ 1.78 billion, as planned.
As for Trump’s rates, the Heux said that it was not “too worried” now that the company is focused on the provision of services and the local teams in their respective countries often offer a job. He also said that the activity of the proposal in the United States is still solid.
“The beauty of our model is that the work being done in the United States is done by North citizens -Americans and paying taxes in the United States and providing revenue from the United States Government,” said Heauxe. However, “customers clearly ask, like all of us, where this will take us.”
Sector clock
The Trump Administration has made the Investment and Infrastructure jobs law less true, said the Heureux, but, in general, it is “very confident” that the United States continues to invest in the sector.
“I am aware that several republican congressmen would like to amend [the IIJA]. In the long term, I do not know what the form of funding will look like, “said Heaux.” The only thing I know is that both the Republican Party and the Democratic Party are committed to spending on infrastructure. “”
The end markets of WSP critical infrastructure, including industrialists, advanced manufacturing, data centers and health care, continue to show force, said Heaux, and “above all, the data center’s demand has been a constant collaborator.”
The investment in water infrastructure is in a positive tendency to most of the WSP geographies, said Heauxe. In addition, the firm is seeing a great demand for defense: a dallas -based sector Aecom also called his recent earnings call.
“In particular, the defense, through our long relationship with entities such as the United States Navy, the Air Force and the Army Engineers Corps and many other entities worldwide, remain strong,” said Heauxe. “Above all, we have recently been appointed to Program of $ 1.5 billion, ten years with US Air Force To support the repair of the site and environmental consulting on its global assets. “”
By the numbers
WSP reported income Of the $ 4.39 billion of Canadian ($ 3.15 billion) in the first quarter, 22.4% up to $ 3.59 billion in the first quarter of 2024. The profits of the firm grew up to $ 144.1 in the first quarter of 2025, 13.6% more than the same period last year.
The decline was at $ 16.6 billion, an increase of 16.6% compared to the first quarter of 2024.
The heureux attributed the results to the focus of the company in working capital management, a diversified platform and optimization under its new ERP platform.
WSP saw a subpar performance in the Asia and Pacific region, but Heaux said that Australia and New Zealand’s perspectives remained positive in the medium and long term. The firm also incorporated restructuring positions in the European segment, Middle East, India and Africa.
“As I said, as I said, we have absorbed the costs and set the business for future success. So this quarter there were many things [the Asia-Pacific] Region, “said the Heux.” I hope there may be more? Yes, probably … but at the same time, we are seeing that the growing backward in these regions. “”
The firm reaffirmed its financial orientation and said that it hopes that North America will continue to lead its growth by 2025.
