WSP Global Inc. announced a new three-year strategic plan focused on growth, aiming for a 40% revenue increase by 2027. The company has been actively acquiring smaller firms to expand its operations and now looks to focus on larger deals, targeting high-growth areas like digital, energy transition, and water. WSP also aims to improve operational efficiency and invest in research and development.
) was up after saying it’s focusing on growth over the next three years as it comes off a spate of acquisitions.
Following a spate of takeovers, WSP worked last year to scrap digital barriers between offices scattered across 60 countries. In a research note, National Bank analyst Maxim Sytchev said: “Bottom line — looks on point; long-term margin potential to get to 22.5-per-cent EBITDA margin and 2 times in terms of size looks attractive, enabling further compounding. ....
Analysts on average had expected an adjusted profit of 22 cents per share, according to LSEG Data & Analytics. Distributable earnings before realizations totalled US$1.50-billion or 94 US cents per share for the quarter, up from US$1.21-billion or 76 US cents per share a year earlier. The company has been operating the mine since 2017 but the new mining code of Africa’s second biggest gold producer compels international companies to pay higher taxes and hand over bigger stakes in assets to the state.
The statement said the government and the company had signed a memorandum of understanding in September that allowed Mali to increase its shareholding in the project, entitling the state to priority dividends.The Calgary-based company said quarterly EBITDA came in at $313-million, down from $339-million during the same period a year ago but exceeding the Street’s expectation of $288-million. All three operating segments contributed the beat.
The improvement in sales in the Americas, a biggest revenue generating region, was driven by a consecutive rise in brand volumes in Canada.That, along with Molson Coors’ efforts to lower its marketing expenses, helped it in posting underlying earnings per share of US$1.30, compared with analysts’ estimates of US$1.13 per share, as per data compiled by LSEG.
Retail trading rebounded significantly in 2024 as Bitcoin and U.S. stocks hit all-time highs, driven by optimism over easing regulatory hurdles for digital assets and expectations of a soft landing for the economy. A decade on, Robinhood is expanding to cater to more seasoned investors and capture market share from industry incumbents.
Demand for the telecom equipment maker’s ethernet switches and routers used in data centers has surged as companies ramp up their investments in artificial-intelligence infrastructure. “We would expect the majority of the reason for the slightly weaker gross margin outlook for Q3 is due to expected tariff impact in the near term,” said Morgan Stanley analysts.
“In the quarter, we charted strong earnings and a return to growth, while observing economic green shoots like improved consumer sentiment and spending,” president and chief executive officer Greg Hicks wrote in a press release on Thursday. Marks reported demand across categories, including for its industrial apparel, driving comparable sales growth of 1.8 per cent.
The company also noted that as of the end of the quarter, it fully repaid $895-million in borrowings it used to) shares fell on Thursday after the Canadian insurer reported quarterly profit below analysts’ estimates and warned its U.S. business could face challenges in 2025. Executives told analysts they expect some financial impact on insurance claims could persist for a longer period.
“One quarter certainly does not make a trend, but weaker results out of the U.S. in particular will feed into concerns,” Scotiabank analyst Meny Grauman said in a note. Farm income has dropped 23 per cent from 2022 in one of the biggest declines in history, according to the USDA. High borrowing costs amid the Federal Reserve’s cautious pace of interest-rate cuts, and persistent inflation have prompted dealers to scale back inventory restocking.
The world’s largest farm-equipment maker reiterated its full-year profit forecast to be in the range of US$5-billion to US$5.5-billion.
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