Construction Dive

WSP Cautions Against ‘AI Hysteria’ on Q4 Earnings Call

WSP’s CEO Alexandre L’Heureux told investors that the firm is not threatened by the current wave of AI hype, describing the market mood as shifting from “AI euphoria to AI hysteria.” He highlighted the company’s “machine‑in‑the‑middle” approach, where human expertise validates every AI output, and stressed the value of its 83,000 engineers who work on physical‑world infrastructure. The fourth‑quarter showed a 4% revenue increase to C$4.85 bn and a 54% profit jump, while full‑year results posted a 13% revenue rise and record C$17.1 bn backlog. The stock rebounded modestly after the earnings call.