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Black Diamond Group (TSE:BDI)
TSX:BDI
Earnings Data
Report Date
Apr 30, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.1Last Year’s EPS
0.09Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominantly positive picture: strong full-year top-line growth, record rental revenues in MSS, robust multi-year CAGRs, successful strategic M&A (Royal Camp), improved profitability, and healthy free cash flow and leverage metrics. Near-term operational headwinds include lower Q4 utilization across segments, variability in sales/project revenue, a modest decline in future contracted rental revenue, and higher net debt due to the Royal acquisition. Management emphasized disciplined capital allocation, active bid pipelines, and expectation of improved demand and step-change utilization later in 2026 into 2027, suggesting confidence in recovery and continued compounding growth.Company Guidance
Strong Annual Revenue Growth
Consolidated revenue for FY2025 was CAD 456.9M, up 13% year-over-year, supported by recurring rental revenue and growth across business units.
Rental Revenue and Adjusted EBITDA Expansion
Consolidated rental revenue reached CAD 162.2M, up 10% YoY, and full-year adjusted EBITDA was CAD 126.4M, up 12% YoY.
Multi-Year Compounding Growth
Five-year CAGRs: consolidated revenue 20%, consolidated rental revenue 20%, and adjusted EBITDA 26%, demonstrating durable compounding growth.
Modular Space Solutions (MSS) Record Performance
MSS generated record rental revenue of CAD 107M, up 14% YoY, contributed CAD 82.9M of adjusted EBITDA (up 7% YoY), and average rental rates increased ~7%.
Workforce Solutions (WFS) Strong Year
WFS delivered total revenue of CAD 233.1M, up 30% YoY, and adjusted EBITDA of CAD 67.4M, up 16% YoY (includes ~1.5 months contribution from Royal Camp Services acquired Nov 12, 2025).
LodgeLink Growth and Product Momentum
LodgeLink Total Trade Value reached CAD 114.9M, up 21% YoY, and net revenue hit a record CAD 14.2M, up 25% YoY; 5-year TTV CAGR is 45%.
Strategic Acquisitions and Financing
Completed acquisition of Royal Camp Services for CAD 165M and a tuck-in in Australia; completed an oversubscribed bought deal raising ~CAD 42M and extended/expanded ABL from CAD 325M to CAD 425M for five years.
Safety and Operational Discipline
Year-end TRIF of 0.47 with 0 lost time claims, highlighting strong safety performance and operational discipline across the platform.
Free Cash Flow and Profitability Improvement
Full-year free cash flow of CAD 88M, up 10% YoY; net profit increased 35% to CAD 34.8M, supporting balance sheet strength and reinvestment capacity.
Healthy Leverage and Lower Financing Cost
Year-end net debt of CAD 328M (up from CAD 223.6M due to the Royal acquisition) with net debt / trailing 12-month adjusted EBITDA at 2.0x (low end of 2–3x target) and average interest rate down to 4.35% (101 bps lower QoQ).
Capital Allocation Discipline
2025 capex of CAD 105M (in line with prior year) focused on contract-backed assets and growth; committed capex of ~CAD 31M early in 2026 indicating ongoing organic investment.
ERP Upgrade Progress
ERP upgrade nearing completion, on schedule and on budget; ~CAD 4.2M remaining from original budget, expected MSS & corporate phase to go live in Q2 2026 to improve operational efficiency.
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 |
|---|---|---|---|
Feb 26, 2026 | C$18.19 | C$17.24 | -5.22% |
Oct 30, 2025 | C$15.00 | C$14.95 | -0.33% |
Aug 07, 2025 | C$12.06 | C$11.71 | -2.89% |
May 01, 2025 | C$8.04 | C$8.73 | +8.53% |
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 Apr 30, 2026, After Close (Confirmed).
What is Black Diamond Group (TSE:BDI) earnings time?
Black Diamond Group (TSE:BDI) earnings time is at Apr 30, 2026, After Close (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 2026 (Q1) is 0.1.