Corporate News
WSP Q1 Performance Growth: Power Generation and AI as Dual Drivers
WSP achieved growth in the first quarter of 2026, driven by power generation and AI-related businesses. CEO Alexandre L'Heureux revealed that power generation projects account for about one-third of U.S. revenue. The company strengthened its power services through the acquisition of TRC and has rolled out AI tools to over 30,000 employees. Q1 revenue was C$4.55 billion, with a record backlog of C$19.7 billion.
Border infrastructure and data center projects drive Granite revenue growth
Granite Construction stated in its Q1 2026 earnings call that border infrastructure and data center site preparation have taken up a larger share of its business, with federal contracts accounting for about 15% of revenue and data center projects potentially another 10%. The company raised its 2026 revenue guidance, expecting an additional $200 million from border work and $100 million from the Kenny Seng acquisition.
Granite Acquires Utah Infrastructure Contractor Kenny Seng Construction
Granite Construction announced on Monday the completion of its acquisition of Kenny Seng Construction, an infrastructure contractor in Provo, Utah, with terms of the transaction undisclosed. This move continues Granite's "local markets" strategy and includes a hard rock quarry with an annual production capacity of 1 million tons. The KSC leadership team will remain in place, and the brand will stay unchanged.