Firan Tech (TSE:FTG)
TSX:FTG
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Earnings Data
Report Date
Jul 15, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.13Last Year’s EPS
0.14Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive operational and commercial picture: record Q1 revenue, bookings and backlog, site-level growth, resumed licensing and new program wins, strong liquidity and low net debt. Near-term margin and cash-flow comparisons were pressured by FX volatility, prior-year one-time gains, tariff-driven cost increases and some working-capital timing. Management outlined clear mitigation actions (passing costs to customers, geographic diversification, targeted capex and Hyderabad expansion) and expects larger program volumes to ramp in 2027, so fundamentals and growth trajectory appear solid despite near-term headwinds.Company Guidance
Record Q1 Revenue, Bookings and Backlog
Revenue of $47.3M in Q1 2026, up 10.3% YoY; bookings of $60M, up 17% YoY; quarter-end backlog $157.9M, up 11% YoY; book-to-bill ratio of 1.27:1.
Profitability and Cash Generation
Adjusted net earnings of $3.5M ( ~$0.14/share), up from $3.3M in Q1 2025; positive free cash flow of $4.9M for the quarter; net debt reduced to $4M (0.1x trailing 12-month EBITDA).
Strong Gross Margin and Improved SG&A Efficiency
Gross margin of $14.6M (30.9% of sales), essentially flat vs prior year (31%); SG&A improved to 14.5% of sales from 15.7% in prior year, reflecting operating leverage and acquisition integration.
Segment Revenue Growth
Aerospace sales up 12% YoY to $17.1M; Circuits sales up 8.3% YoY to $31.1M; overall mix: Aerospace represented 36% of revenue (vs 35% prior year).
Site-Level Outperformance
Strong site performance: Fredericksburg site revenue up over 80%, Chatsworth up over 25%, Minnetonka up 11%; FTG Aerospace Calgary (former FLYHT) reported record Q1 profitability.
Program Wins and Product Ramps
Qualified for two classified U.S. defense programs with initial POs received (deliveries ramping later in 2026/2027); continued deliveries to China's C919 program and ramping deliveries for De Havilland Canadair 515; FTG supplying Switch Interface Panels for NASA Orion/Artemis.
Geographic and Customer Diversification Progress
Sales growth by region: U.S. +10%, Asia +10%, Canada +30% while Europe declined ~5%; top 5 customers accounted for 52.7% of revenue (slightly higher concentration vs 52.1% prior year) and 72.1% of sales were to U.S.-based customers.
Liquidity and Capacity Headroom
Primary liquidity of $80.5M (working capital $60.4M + $20.1M unused credit); management estimates available capacity north of $250M vs $191M shipped in prior year, with plans to add targeted equipment and workforce rather than major capex.
Strategic Geographic Expansion
Plans to open aerospace facility in Hyderabad, India mid-2026 with estimated investment $2–3M to diversify supply base and mitigate tariff risk; initiatives to manufacture select FTG Aerospace Calgary products in Tianjin and Chatsworth to capture margin.
Tax and Earnings Tailwinds
Effective tax rate of ~5.2% in Q1 2026 (vs 32.9% prior year) due to tax-free profit in units with historical losses and prior-year adjustments, supporting net earnings.
TSE:FTG 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:FTG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 08, 2026 | C$22.14 | C$19.73 | -10.89% |
Feb 18, 2026 | C$16.55 | C$17.66 | +6.71% |
Oct 08, 2025 | C$11.74 | C$10.75 | -8.43% |
Jul 08, 2025 | C$12.42 | C$11.67 | -6.04% |
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 Firan Tech (TSE:FTG) report earnings?
Firan Tech (TSE:FTG) is schdueled to report earning on Jul 15, 2026, After Close (Confirmed).
What is Firan Tech (TSE:FTG) earnings time?
Firan Tech (TSE:FTG) earnings time is at Jul 15, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is TSE:FTG EPS forecast?
TSE:FTG EPS forecast for the fiscal quarter 2026 (Q2) is 0.13.