Strong Organic Growth in North America
Net revenue organic growth in Canada was 7%, and the U.S. delivered double-digit organic growth for the fourth consecutive quarter.
POWER Engineers Acquisition Success
POWER Engineers achieved 11% organic growth and significant revenue synergies opportunities, marking a successful integration.
Record Backlog
The backlog reached $16.6 billion, representing 11.3 months of revenue, up 16.6% year-over-year and 3% organically since the beginning of the year.
Strong Cash Flow and Debt Management
Free cash flow increased by $240 million versus last year, with DSO at 70 days, and net debt to adjusted EBITDA ratio stood at 1.8 times.
Positive Market Outlook
Australia's water, power, and mining sectors achieved strong organic growth, and Canada's infrastructure investments are expected to continue.