2023-03-09 03:41:36 ET
- WSP Global press release ( OTCPK:WSPOF ): Q4 Non-GAAP EPS of C$1.68.
- Revenue of C$2.55B (+17.5% Y/Y).
- Adjusted EBITDA in the quarter of C$446.4M, compared to C$361.2M in Q4 2021.
- Adjusted EBITDA margin for the quarter increased to 17.5%, compared to 16.8% in Q4 2021.
- Earnings before net financing expense and income taxes in the quarter of C$185.3 million, up C$0.1 million compared to Q4 2021.
- Outlook: Net revenues of between C$10.0 billion and C$10.6 billion; Adjusted EBITDA of between C$1.76 billion and C$1.84 billion; Net capital expenditures of Between C$200 million and C$225 million.
- The Corporation anticipates that the effective tax rate in 2023 will fall between 25% and 29%.
- The Corporation intends to manage its capital structure to maintain a net debt to adjusted EBITDA ratio between 1.0 and 2.0.
- For 2023, the Corporation anticipates net revenue organic growth, calculated on a constant currency basis, ranging between 3% to 6%. Head office corporate costs for 2023 are expected to range between C$110 million and C$125 million.
For further details see:
WSP Global reports Q4 earnings; initiates FY23 outlook