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Trican Well Service (TOLWF)
OTHER OTC:TOLWF
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.08Last Year’s EPS
0.09Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: 16.94%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed sentiment. While the company reported strong free cash flow, a robust balance sheet, and continued investment in infrastructure and technology, it faced challenges in the fracturing segment and lower-than-expected activity levels in Q3. The Cementing division performed well, contributing positively to results. However, the Coiled Tubing division continues to face growth and profitability challenges.Company Guidance
During the Q3 2024 earnings call for Trican Well Service Ltd., Desmond Ho, the Director of Corporate Finance, reported on the company's financial performance and provided guidance for the future. Trican's revenue for the quarter was $221.6 million, with an adjusted EBITDA of $50.2 million, representing 23% of revenues, which was slightly lower than the previous year's Q3 EBITDA of $65.7 million or 26% of revenues. The company generated $24.5 million in earnings for the quarter, translating to $0.12 per share. Free cash flow amounted to $32.4 million, while CapEx was $15.2 million, allocated between maintenance and upgrade capital. Trican repurchased 7.5 million shares under its NCIB program, completed the 2023-2024 program, and renewed it for another year. A dividend of $0.045 per share was approved, amounting to approximately $8.5 million to shareholders. Looking ahead, the company anticipates strong Q4 performance due to postponed work and maintains a positive outlook for 2025, driven by expected LNG developments and disciplined customer capital programs.Positive Free Cash Flow and Strong Balance Sheet
Trican generated free cash flow of $32.4 million during the quarter with positive working capital of approximately $136.5 million. This positions the company well for future opportunities and challenges.
Successful Share Buyback Program
The company completed its NCIB program, purchasing and canceling 21 million shares, constituting 10% of the public float, at an average price of $4.51 per share. A new program has been initiated to purchase up to 19 million shares.
Cementing Division Performance
The Cement division showed strong results with a 7% increase in revenue and 1% increase in EBITDA, indicating high utilization and significant market share, especially in the Montney and Deep Basin.
Investment in Infrastructure and Technology
Trican is investing in a sand terminal in Taylor, BC, to improve logistics efficiency. The terminal is expected to be operational by Q1, enhancing sand delivery capabilities and reducing transportation time.
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TOLWF 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
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TOLWF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $3.07 | $3.26 | +6.19% |
| Jul 30, 2024 | $3.49 | $3.58 | +2.58% |
| May 14, 2024 | $3.08 | $3.08 | 0.00% |
| Feb 21, 2024 | $2.96 | $2.92 | -1.35% |
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.
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FAQ
When does Trican Well Service (TOLWF) report earnings?
Trican Well Service (TOLWF) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Trican Well Service (TOLWF) earnings time?
Trican Well Service (TOLWF) earnings time is at Feb 19, 2025, TBA Not 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 TOLWF EPS forecast?
TOLWF EPS forecast for the fiscal quarter 2024 (Q4) is 0.08.
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