Trump orders are ‘creating delays’ for projects, but U.S. remains appealing: WSP head

Montreal - WSP Global Inc. CEO Alexandre L’Heureux asserts that the Trump administration is causing delays on major projects south of the border, but still views the United States as an attractive market. L’Heureux points out that reviews of Biden-era infrastructure and clean energy initiatives, initiated by President Donald Trump, have slowed down progress on some contracts and reduced cash flow.

However, he notes that few projects funded by landmark legislative packages during Trump's predecessor were cancelled or significantly delayed. The CEO highlights that the United States remains the largest market globally for pure-play engineering firms like WSP, and that it also offers substantial profit margins. WSP's latest financial report indicates double-digit organic growth in net revenues for the third quarter, with Canada and certain overseas regions contributing to this growth.

Meanwhile, the U.S. segment experienced a slower rate of project conversion, as awarded projects transition into active work and income. WSP has also continued its ongoing acquisition strategy, finalizing or announcing three company purchases since late September, adding nearly 800 employees to the company, which now employs 85,500 staff members, up from 9,700 five years ago.