Badger Infrastructure Solutions Ltd. (TSE:BDGI) has released an update.
Badger Infrastructure Solutions Ltd. has reported a robust start to 2024 with a 13% increase in first quarter revenue, reaching $161.6 million, and a significant 22% rise in Adjusted EBITDA at $29.2 million. The company also saw a notable improvement in its gross profit margin to 24.8% and increased its adjusted earnings per share by 27%. In anticipation of a busy construction season, Badger expects to grow its fleet and maintain its industry leadership in non-destructive excavation services.
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