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Firan Tech (TSE:FTG)
TSX:FTG
Earnings Data
Report Date
Jul 09, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.13Last Year’s EPS
0.11Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 09, 2025
|% Change Since: 23.89%
|Next Earnings Date:Jul 09, 2025
Earnings Call Sentiment|Positive
FTG's Q1 2025 earnings call reflects strong performance with record-breaking results, strategic acquisitions, and expansion into new markets, despite challenges related to tariffs and supply chain constraints. The overall sentiment is positive, driven by significant growth and strategic positioning.Company Guidance
During the Q1 2025 Analyst Call, FTG provided an optimistic outlook with several key financial metrics underscoring their strong start to the year. Total bookings for the quarter reached $51.5 million, reflecting a 37% increase compared to Q1 2024, while the quarter-end backlog stood at $142.5 million, up 43% from the previous year. Revenue for the quarter was reported at $42.9 million, marking a 22.6% increase over Q1 2024. Adjusted EBITDA rose significantly to $8.4 million from $4.6 million the previous year, and adjusted net earnings surged by over 200% to $3.3 million. The company maintained a solid balance sheet with net debt of $8.3 million following the acquisition of FLYHT, which was finalized with a payment of $4.3 million in cash and the assumption of $9.4 million in debt. Operating cash flow, less lease payments, was $9.3 million for the quarter. The acquisition of FLYHT was emphasized as a strategic move to enhance FTG's growth levers, particularly in the high-margin aftermarket segment and increasing penetration in markets like Airbus, which currently has a stronger market performance compared to Boeing.Record Q1 Results
FTG reported the best Q1 results in its history, with total bookings reaching $51.5 million, marking a 37% increase over Q1 2024. Revenue was $42.9 million, a 22.6% increase over Q1 2024, and adjusted net earnings rose by over 200% to $3.3 million.
Successful Acquisition of FLYHT
The acquisition of FLYHT was completed, adding another growth lever to FTG. This acquisition is expected to increase FTG's penetration in the aftermarket and with Airbus, and offers opportunities for in-sourcing production.
Strong Aerospace Business Performance
Aerospace segment sales were up $5.2 million or 53% from Q1 last year, boosted by the acquisition of FLYHT and recovery from the previous year's strike at the Aerospace-Toronto facility.
Expansion into New Markets
FTG announced plans to open an aerospace facility in Hyderabad, India, to support strategic growth and expand market presence. This initiative will help mitigate potential tariff impacts and tap into India's growing aerospace market.
Improved Gross Margin
FTG achieved a gross margin of $13.3 million or 31% in Q1 2025 compared to $8.9 million or 25.5% in Q1 2024, driven by organic sales growth, improved operating performance, and favorable foreign exchange rates.
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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
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TSE:FTG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 09, 2025 | C$7.20 | C$7.46 | +3.61% |
| Feb 19, 2025 | C$8.49 | C$8.68 | +2.24% |
| Oct 09, 2024 | C$6.10 | C$6.67 | +9.34% |
| Jul 10, 2024 | C$5.92 | C$6.22 | +5.07% |
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.
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FAQ
When does Firan Tech (TSE:FTG) report earnings?
Firan Tech (TSE:FTG) is schdueled to report earning on Jul 09, 2025, TBA Not Confirmed.
What is Firan Tech (TSE:FTG) earnings time?
Firan Tech (TSE:FTG) earnings time is at Jul 09, 2025, TBA Not 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:FTG EPS forecast?
TSE:FTG EPS forecast for the fiscal quarter 2025 (Q2) is 0.13.
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