Calian Group reports Q1 adjusted EPS C$1.03 vs. C$0.71 last year

Reports Q1 revenue C$208M vs. C$185M last year. “Building on last quarter’s momentum, we opened the year strong with revenue up 12%, including 6% organic growth,” said Patrick Houston, Calian CEO. “Growth was fueled by sustained demand in Defence & Space and the impact from recent acquisitions. Adjusted EBITDA increased by 28%, significantly outpacing revenue growth, reflecting stronger margins, as well as the successful execution of cost optimization initiatives implemented at the end of last year. As we look ahead, our more focused operating model paired with C$1.4B in backlog, a strong acquisition pipeline, and solid balance sheet provide a powerful foundation for continued success. Market tailwinds in our core markets positions us to deliver another year of strong performance and create lasting value for our shareholders.”