WSP HITS RECORD BACKLOG , REMAINS BULLISH ON INFRASTRUCTURE , POWER WORK

What happened: WSP CEO Alexandre L'Heureux told analysts on the Q3 earnings call that the firm's U.S. infrastructure backlog hit a record, while public sector projects face longer timeframes between award, funding authorization and start of work. Key numbers: Backlog reached a Why it matters: L'Heureux attributed delays to federal funding reviews by the Government Accountability Office and permitting reform, and said he expects the Dec. 11 Infrastructure Investment and Jobs Act funding to be extended for the new Congress to review. He said demand and needs in infrastructure remain strong.

WSP CEO Alexandre L'Heureux told analysts on the Q3 earnings call that the firm's U.S. infrastructure backlog hit a record, while public sector projects face longer timeframes between award, funding authorization and start of work.

L'Heureux attributed delays to federal funding reviews by the Government Accountability Office and permitting reform, and said he expects the Dec. 11 Infrastructure Investment and Jobs Act funding to be extended for the new Congress to review. He said demand and needs in infrastructure remain strong.