Black Diamond Group (TSE:BDI)
TSX:BDI
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Earnings Data
Report Date
Jul 30, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.09Last Year’s EPS
0.15Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive operational and financial tone: strong revenue (+27%) and adjusted EBITDA (+21%) growth, robust segment performances (WFS +54% revenue, MSS stability), healthy free cash flow (+5%), an enlarged credit facility and a large bid pipeline supporting future upside. Key strategic initiatives (LodgeLink 3.0, Royal Camp integration, ERP rollout) are progressing. Principal negatives are near-term EPS dilution from acquisition-related D&A and equity impacts, underutilized WFS capacity (56.5%) pending project timing, margin mix pressure from certain acquired travel revenues, and timing uncertainty for nation-building project deployments, but management presents these as timing or integration risks rather than structural weaknesses.Company Guidance
Strong Consolidated Top-Line and Profit Growth
Consolidated revenue of $130.0 million, up 27% year-over-year, and adjusted EBITDA of $32.0 million, up 21% year-over-year, demonstrating broad-based platform growth.
Robust Rental Revenue and Contracted Backlog
Consolidated rental revenue increased 16% to $43.8 million and contracted future rental revenue totaled $142.5 million at quarter end, providing visibility into forward activity.
Workforce Solutions Strong Performance
WFS revenue of $81.5 million, up 54% year-over-year, with adjusted EBITDA of $18.9 million, up 48%, reflecting large services growth and contributions from the Royal Camp acquisition.
Modular Space Solutions (MSS) Resilience
MSS rental revenue rose 5% to $26.8 million while adjusted EBITDA remained consistent at $19.4 million; utilization at 77.7% and average monthly rates increased 3% on a constant currency basis.
LodgeLink Rapid Growth and Product Roadmap
LodgeLink total trade value grew 52% to $32.7 million, net revenue up 37% to $3.7 million, travel segments up 15% to 154,979; new LodgeLink 3.0 progressing from pilot to beta in summer with GA targeted later in 2026.
VAPS and Margin Expansion Drivers
Value-added products and services (VAPS) revenue increased 35%, raising VAPS to 10.8% of rental revenue and supporting margin expansion initiatives.
Healthy Cash Generation and Balance Sheet Metrics
Free cash flow of $17.8 million, up 5% year-over-year; net debt of $330.7 million with net debt / trailing 12-month adjusted EBITDA at 2.1x (low end of target); average interest rate 4.21%, down 62 bps year-over-year.
Enhanced Financial Flexibility
Asset-based lending facility expanded to $550 million from $425 million (additional $125 million) with an uncommitted $75 million accordion, and liquidity of $93.3 million pre-expansion to support growth and capital allocation options.
Accretive M&A Integration — Royal Camp
Royal Camp Services acquisition (Nov 2025) integration described as fast and seamless culturally; early synergies include replacing external caterers and capturing operated facility margin uplift.
Disciplined Capital Deployment
Total capital expenditures of $16.8 million (consistent with comparative quarter) and capital commitments of $26.5 million largely allocated to contract-backed asset additions; organic reinvestment prioritized for high-return opportunities.
Large Bid Pipeline and Secular Opportunity Set
Management cites in excess of $1 billion of high-quality outstanding bids across Canada, United States and Australia, driven by nation-building, infrastructure, mining, data centers and defense opportunities.
ERP Implementation Progress
ERP investment to date approximately $9.3 million with $2.6 million remaining; project on schedule with MSS and corporate go-live planned in the current quarter.
TSE:BDI 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
TSE:BDI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | C$16.95 | C$16.70 | -1.47% |
Feb 26, 2026 | C$18.14 | C$17.19 | -5.22% |
Oct 30, 2025 | C$14.91 | C$14.86 | -0.34% |
Aug 07, 2025 | C$11.99 | C$11.64 | -2.89% |
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 Black Diamond Group (TSE:BDI) report earnings?
Black Diamond Group (TSE:BDI) is schdueled to report earning on Jul 30, 2026, After Close (Confirmed).
What is Black Diamond Group (TSE:BDI) earnings time?
Black Diamond Group (TSE:BDI) earnings time is at Jul 30, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is TSE:BDI EPS forecast?
TSE:BDI EPS forecast for the fiscal quarter 2026 (Q2) is 0.09.