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Calian Group Ltd. (TSE:CGY)
TSX:CGY
Earnings Data
Report Date
May 19, 2026During Market Hours (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.98Last Year’s EPS
0.93Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a largely positive tone: strong, record Q1 financial results (12% revenue growth, 28% adjusted EBITDA growth), improved margins and cash generation, meaningful backlog and notable Defense & Space contract wins. Acquisitions are accelerating growth and management reaffirmed midterm targets (10–15% revenue growth, adjusted EBITDA outpacing revenue). Key risks noted were timing uncertainty around Canadian defense opportunities, temporary working capital and debt draws to fund acquisitions, some one‑time offsets to EBITDA and a pause of the buyback program. Overall, the favorable operating and financial momentum and manageable balance sheet profile outweigh these near‑term uncertainties.Company Guidance
Record Q1 Revenue and Organic Growth
Revenue reached $208 million, a record for a first quarter, up 12% year‑over‑year. Organic growth was 6%, marking the second consecutive quarter of positive organic growth and signaling stabilization after prior headwinds.
Strong Adjusted EBITDA and Margin Expansion
Adjusted EBITDA rose to $23 million, up 28% YoY, driving adjusted EBITDA margin to 11% from 9.6% a year ago. Management expects margins to improve further and to exit the year at double‑digit levels.
Improved Gross Profit and Gross Margin
Gross profit increased to $71 million, up 21% from $59 million a year earlier. Gross margin expanded to 34.1% from 31.8%, driven by revenue growth, mix improvements and contributions from acquisitions.
Robust Backlog and New Signings
The company concluded the quarter with $171 million in new signings and a backlog of $1.4 billion, providing a strong foundation for future revenue visibility.
Material Defense & Space Wins
Renewed momentum in Defense and Space highlighted by two antenna contracts totaling >$35 million, a >$30 million ground‑station contract with a leading global space company, and a German Federal Ministry of Defense QV‑band antenna win—underscoring strength in mission‑critical infrastructure.
Essential Industries Growth and AMS Contribution
Essential Industries revenue increased nearly 20% in the quarter, driven largely by the AMS acquisition and a rebound in U.S. commercial operations; the acquisition materially strengthened Arctic and energy/health footprints.
Healthy Cash Generation and Leverage Profile
Operating free cash flow rose 21% to $16 million, with cash conversion at 69% of adjusted EBITDA. Cash flow from operations was $7 million (vs. $4 million prior year). Net debt was $102 million with net debt/adjusted EBITDA of 1.2x, comfortably below the 2.5x threshold; total liquidity (unused facility + cash + accordion) ~ $250 million.
Disciplined Capital Deployment and M&A Momentum
Acquisitions contributed 6% to revenue growth (AMS, Infield Scientific, Info Scientific). Management prioritized M&A as primary capital deployment, funded acquisition activity ($18M acquisition‑related payments this quarter) while maintaining dividend policy (returned $3M) and keeping buybacks paused to prioritize strategic transactions.
Simplified Operating Structure
Company reorganized from four segments to two (Defense & Space ~2/3 of revenue; Essential Industries ~1/3), intended to sharpen focus, improve capital/talent deployment and increase transparency—management expects this to support faster integrated solution delivery and margin improvement.
TSE:CGY 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:CGY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 12, 2026 | C$65.91 | C$65.90 | -0.02% |
Nov 26, 2025 | C$45.90 | C$51.42 | +12.03% |
Aug 13, 2025 | C$49.96 | C$48.24 | -3.43% |
May 14, 2025 | C$47.60 | C$39.14 | -17.78% |
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 Calian Group Ltd. (TSE:CGY) report earnings?
Calian Group Ltd. (TSE:CGY) is schdueled to report earning on May 19, 2026, During Market Hours (Confirmed).
What is Calian Group Ltd. (TSE:CGY) earnings time?
Calian Group Ltd. (TSE:CGY) earnings time is at May 19, 2026, During Market Hours (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:CGY EPS forecast?
TSE:CGY EPS forecast for the fiscal quarter 2026 (Q2) is 0.98.