Education
About Us
Working with TipRanks
Follow Us
Hexagon Composites (HXGCF)
OTHER OTC:HXGCF
Earnings Data
Report Date
May 13, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.05Last Year’s EPS
-0.27Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call conveyed cautious optimism: meaningful operational and cost progress produced a stronger Q4 (sequential growth, adjusted profitability, working capital release) and strategic wins (SES acquisition, record Refuse revenue, large Mexican truck order, first space order). However, material headwinds remain—full-year revenue and margins were down materially versus 2024, Mobile Pipeline remains below breakeven, aftermarket activity is weak, and balance sheet/covenant risk persists. Management is executing structural cost and cash measures and sees regulatory clarity as a longer-term tailwind, but near-term performance depends on market recovery and covenant outcomes.Company Guidance
Q4 Revenue and Sequential Growth
Reported revenue of NOK 831 million in Q4 2025, representing a 50% uplift versus Q3 (including NOK 97 million from the Oct acquisition of SES Composites). Organic quarterly growth was 37%.
Improved Quarterly Profitability (Adjusted)
Reported Q4 EBITDA of NOK 156 million included a NOK 119 million noncash accounting gain and NOK 13 million severance. Adjusted EBITDA (ex one-offs) was NOK 49 million, corresponding to a 6% margin, making Q4 the strongest quarter of 2025.
Record Refuse Performance
Refuse segment delivered record annual revenues of ~NOK 800 million in 2025 and Q4 EBITDA of NOK 61 million (11% margin), driven by resilient public-sector demand, favorable mix and materials efficiency.
Strategic Acquisition and Early Synergies (SES Composites)
Acquisition completed in October; SES contributed NOK 97 million to top line and NOK 4 million to EBITDA since acquisition. A NOK 119 million purchase accounting gain was recorded and management expects further financial synergies to materialize in 2026.
Key New Orders and Market Wins
Secured a significant order from a leading Mexican truck operator (~NOK 110 million for 100 sleeper cab systems) and signed first commercial space application order valued at slightly over USD 7 million, demonstrating diversification and product capability.
Cost, Cash and Structural Optimization Progress
Launched cost/cash optimization program delivering a targeted 25% workforce reduction, ~NOK 200 million reduction in personnel and SG&A to date (including NOK 100 million structural), visible working capital release in Q4 and strict 2026 CapEx guidance capped at NOK 80 million.
Positive Cash Flow and Liquidity Actions
Positive operational cash flow in Q4 supported by NOK 37 million working capital release and other add-backs, resulting in a NOK 104 million higher quarter-end cash balance (including NOK 100 million debt drawdown). Available liquidity of NOK 561 million and equity ratio of 50%.
Market and Regulatory Tailwinds Emerging
Regulatory clarity from confirmation of EPA 2027 NOx rule produced a positive market reaction (Class 8 sales uptick in Dec/Jan) and strengthens the case for CNG adoption, which management expects to support demand from 2027 onwards.
HXGCF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
HXGCF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 12, 2026 | $0.89 | $0.89 | -0.34% |
Nov 06, 2025 | $0.84 | $0.72 | -14.29% |
Aug 14, 2025 | $1.86 | $1.86 | 0.00% |
May 15, 2025 | $1.85 | $1.72 | -7.03% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Hexagon Composites (HXGCF) report earnings?
Hexagon Composites (HXGCF) is schdueled to report earning on May 13, 2026, Before Open (Confirmed).
What is Hexagon Composites (HXGCF) earnings time?
Hexagon Composites (HXGCF) earnings time is at May 13, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HXGCF EPS forecast?
HXGCF EPS forecast for the fiscal quarter 2026 (Q1) is -0.05.