The earnings call highlighted solid financial performance with increased revenue, profit, and free cash flow. The company showed strong growth in its Modular Space Solutions and LodgeLink platforms. However, there were concerns regarding a slight decrease in future contracted rental revenue and challenges in the education sector affecting MSS non-rental revenue. Overall, the positive aspects, including increased dividends and strong cash flow, outweigh the challenges.

Company Guidance

In the Black Diamond Group's third-quarter 2025 results conference call, the company reported a consolidated quarterly revenue of $105.3 million, marking a 4% increase compared to the same quarter last year, and an adjusted EBITDA of $31.8 million, which is 10% higher than the previous year. The profit for the third quarter rose significantly by 65% to $12.2 million, increasing the basic EPS by 58% to $0.19 per share. Rental revenue, considered the core of Black Diamond's business, reached $41.3 million, a 9% rise from the comparative quarter, attributed to increased capital investment in fleet assets. Capital expenditures for the quarter stood at $19.6 million, down 18% from the comparative quarter. The company announced a 29% increase in its dividend to $0.045 per share, marking the fifth consecutive annual increase since 2021. Despite a slight 3% decrease in future contracted rental revenue, the company expressed confidence in stable rental run rates, supported by $159 million in future contracted rental revenue as of September 30, 2025. The Modular Space Solutions unit reported a 15% increase in rental revenue, while Workforce Solutions saw a 12% increase in consolidated revenue. With a net debt of $197.1 million and liquidity of nearly $230 million, Black Diamond is positioned to fund the anticipated acquisition of Royal Camp Services by year-end. The company remains optimistic about future growth prospects, particularly in Canada, and plans to scale its operations in the U.S. and the Asia Pacific region, supported by a stable balance sheet and ongoing capital allocation for organic and inorganic growth strategies.

Increased Revenue and Profit

Consolidated quarterly revenue of $105.3 million increased 4%, contributing to adjusted EBITDA of $31.8 million, 10% above the comparative quarter. Profit for the third quarter increased 65% to $12.2 million.

Dividend Increase

Announced an increase to the dividend of 29% to $0.045 per share, starting with the fourth quarter of this year, marking the fifth consecutive annual increase since reinstatement in 2021.

Modular Space Solutions Performance

MSS unit achieved a rental revenue record of $28.1 million, up 15% from the comparative quarter, with a compound annual growth rate of 23% from Q3 2020 to Q3 2025.

LodgeLink Growth

Room night bookings reached over 148,000, driving gross bookings to $35.7 million, up 31% from the comparative quarter, resulting in net revenue of $4.3 million, up 26%.

Strong Free Cash Flow

Third quarter free cash flow of $23 million, up 17% from the comparative quarter, driven by higher revenue and declines in maintenance capital and interest costs.

Black Diamond (TSE:BDI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:BDI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 26, 2026	2025 (Q4)	0.20 / -	0.15	―	―	―
Oct 30, 2025	2025 (Q3)	0.16 / 0.18	0.12	50.00% (+0.06)	―	―
Aug 07, 2025	2025 (Q2)	0.12 / 0.15	0.12	25.00% (+0.03)	―	―
May 01, 2025	2025 (Q1)	0.06 / 0.09	0.02	350.00% (+0.07)	―	―
Mar 06, 2025	2024 (Q4)	0.14 / 0.15	0.13	15.38% (+0.02)	―	―
Oct 31, 2024	2024 (Q3)	0.12 / 0.12	0.22	-45.45% (-0.10)	―	―
Aug 01, 2024	2024 (Q2)	0.10 / 0.12	0.08	50.00% (+0.04)	―	―
May 03, 2024	2024 (Q1)	0.06 / 0.02	0.07	-71.43% (-0.05)	―	―
Feb 29, 2024	2023 (Q4)	0.08 / 0.13	0.15	-13.33% (-0.02)	―	―
Nov 02, 2023	2023 (Q3)	0.11 / 0.22	0.15	46.67% (+0.07)	―	―

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
Oct 30, 2025	C$15.00	C$14.95	-0.33%
Aug 07, 2025	C$12.06	C$11.71	-2.90%
May 01, 2025	C$8.04	C$8.73	+8.58%
Mar 06, 2025	C$8.16	C$8.30	+1.72%

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 Feb 26, 2026, After Close (Confirmed).

What is Black Diamond Group (TSE:BDI) earnings time?

Black Diamond Group (TSE:BDI) earnings time is at Feb 26, 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 2025 (Q4) is 0.2.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing