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Dye & Durham (TSE:DND)
TSX:DND
Earnings Data
Report Date
May 13, 2026Before Open (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
-0.07Last Year’s EPS
-0.33Same Quarter Last Year
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Negative
The call outlined clear strategic actions and tangible near-term positives (operating cash flow improvement, Credas sale and debt reduction, identified $15–$20M of cost savings, and early product modernization proof points). However, material near-term financial deterioration in the core legal software business (7% revenue decline, 24% adjusted EBITDA decline) across key geographies, accounting/regulatory issues and high housing-market exposure create significant headwinds. Management has a multi-year transformation plan but the magnitude of current declines and operational remediation required makes the near-term outlook challenging.Company Guidance
Operating cash flow improvement
Net cash provided by operating activities of $73.8M for the six months ended Dec 31, 2025, up from $62.3M in the prior year period — an increase of ~$11.5M (~18.5%), driven by lower cash taxes, lower net interest paid and favorable working capital movements.
Credas divestiture and deleveraging
Completed sale of non-core Credas for approximately $146.3M in gross proceeds; a portion used to reduce debt including a $30M repayment on the revolving facility (bringing utilization below 35%) and a USD 27.3M repayment on the Term Loan B; remaining proceeds subject to an excess proceeds offer to further support deleveraging and financial flexibility.
Identified $15–$20M of annualized EBITDA savings
Management identified $15M–$20M in annualized adjusted EBITDA savings from structural efficiency initiatives, with approximately 60% targeted to be actioned by the end of the fiscal year. Savings sources cited include consolidation of global delivery and service teams (~40%) and automation/process standardization (~60%).
Early product modernization proof points
Launched Unity in British Columbia (Feb 9) as an early proof point demonstrating improved automation, adoption and engagement; roadmap includes upcoming launches of Wills & Estates and accounting in Canada and a strategy to rationalize ~40 product SKUs into a unified global practice management platform to drive higher retention and ARPU over time.
Banking Technology: stable, recurring revenue
Banking Technology contributed $53.8M of revenue in the first half, characterized as a stable, infrastructure-like, recurring cash flow business and noted to be benefiting from post-COVID refinance activity (analyst commentary referenced organic growth ~4%).
Disciplined capital spending
Capital expenditures of $9M for the six months ended Dec 31, 2025, described as disciplined investment in platform development and maintenance.
Leadership and operational reset underway
New executive leadership team assembled; completed portfolio diagnostic and product rationalization planning; approved global platform roadmap; initiated cost initiatives and a refreshed sales process to restore consistency and strengthen governance.
TSE:DND 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:DND Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 16, 2026 | C$3.73 | C$3.73 | 0.00% |
May 13, 2025 | C$9.86 | C$8.93 | -9.41% |
Feb 13, 2025 | C$13.70 | C$13.22 | -3.49% |
Nov 07, 2024 | C$19.65 | C$17.20 | -12.46% |
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 Dye & Durham (TSE:DND) report earnings?
Dye & Durham (TSE:DND) is schdueled to report earning on May 13, 2026, Before Open (Confirmed).
What is Dye & Durham (TSE:DND) earnings time?
Dye & Durham (TSE:DND) earnings time is at May 13, 2026, Before Open (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:DND EPS forecast?
TSE:DND EPS forecast for the fiscal quarter 2026 (Q3) is -0.07.
