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Black Diamond Group (TSE:BDI)
TSX:BDI
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.06Last Year’s EPS
0.02Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 06, 2025
|% Change Since: 1.95%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The call highlighted significant growth in revenue and profitability across Black Diamond's segments, particularly in MSS and LodgeLink. However, challenges in the WFS segment, particularly in terms of revenue and utilization in Australia, provide some concern. The company's strong financial position and strategic investments support a positive outlook.Company Guidance
During Black Diamond's fourth quarter 2024 results conference call, management reported strong financial performance, highlighting a 28% increase in revenue to $132.7 million, and a 43% rise in adjusted EBITDA to $37.2 million compared to the same quarter last year. Consolidated rental revenue grew by 7% to $38.5 million in Q4, with full-year rental revenue up 1% to $146.8 million, and adjusted EBITDA increasing by 6% to $113.3 million. The company achieved a five-year compounded annual growth rate (CAGR) of 17% in revenue, 18% in rental revenue, and 24% in adjusted EBITDA. Capital expenditures in 2024 reached $109.2 million, primarily for rental fleet growth, with $159.4 million in contracted revenue outstanding, up 17% from the previous period. Modular Space Solutions (MSS) generated record rental revenue of $94.1 million, a 10% increase year-over-year, while Workforce Solutions (WFS) reported total revenue of $179 million, down slightly due to the completion of large-scale projects. LodgeLink's gross bookings increased by 21% to $94.8 million, with net revenue reaching $11.4 million. The company remains confident in its 2025 outlook, supported by a strong balance sheet and available liquidity of $103.1 million.Strong Revenue Growth
Black Diamond generated $132.7 million of revenue in Q4, up 28% from the comparative quarter. Full year consolidated rental revenue was up 1% to $146.8 million over the prior year.
Record MSS Rental Revenue
Modular Space Solutions (MSS) generated record rental revenue of $94.1 million, up 10% from the prior year, and continued to grow its contracted future rental revenue by 26%.
LodgeLink Growth
LodgeLink's gross bookings increased by 21% year-over-year to $94.8 million, with total room nights sold growing by 23%.
Adjusted EBITDA Increase
Adjusted EBITDA rose 43% in Q4 to $37.2 million and was up 6% for the full year to $113.3 million.
Strong Balance Sheet
Available liquidity at year-end was $103.1 million, with the asset-based lending facility increased by $100 million to $425 million.
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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
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TSE:BDI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 06, 2025 | C$8.21 | C$8.35 | +1.71% |
| Oct 31, 2024 | C$8.98 | C$8.89 | -1.00% |
| Aug 01, 2024 | C$9.14 | C$9.22 | +0.88% |
| May 03, 2024 | C$8.33 | C$7.88 | -5.40% |
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 Black Diamond Group (TSE:BDI) report earnings?
Black Diamond Group (TSE:BDI) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Black Diamond Group (TSE:BDI) earnings time?
Black Diamond Group (TSE:BDI) earnings time is at May 01, 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 TSE:BDI EPS forecast?
TSE:BDI EPS forecast for the fiscal quarter 2025 (Q1) is 0.06.
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