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Mullen Group Ltd. (TSE:MTL)
TSX:MTL
Earnings Data
Report Date
Apr 23, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.19Last Year’s EPS
0.2Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call balanced operational and strategic positives—record revenues, completed acquisitions (including full ownership of Thrive), CapEx investments, and a stronger balance sheet positioned for further M&A—against notable near-term headwinds: 2025 showed little to no organic growth, pricing pressures across segments, weak Canadian market demand and limited capacity tightening, and reliance on acquisitions to drive 2026 growth. Management expressed cautious optimism for U.S. spot market improvements and for 2026 growth tied to acquisitions and select segment recoveries, but emphasized short-term uncertainty and the need for market recovery to realize stronger earnings.Company Guidance
Record Revenues Achieved
Management reported that 2025 resulted in record revenues for the company, driven in part by acquisitions completed during the year (no absolute dollar figures disclosed).
Completed Strategic Acquisitions and Tuck-Ins
Company completed multiple acquisitions in 2025 (management noted two corporate acquisitions and additional tuck-ins), including acquisition of the Cole Group (timing impacted 3PL results) and full ownership of Thrive. Business units increased from 42 to 44, reflecting M&A-driven growth.
Full Acquisition of Thrive and Leadership Addition
Mullen completed the remaining purchase to own Thrive 100% and announced that Brian (Thrive leadership) will join the corporate team to head water and fluid initiatives, signaling a strategic commitment to that vertical.
Balance Sheet Positioned for Further Growth
Management stated the balance sheet was put into a strong position in 2025 to support continued, thoughtful acquisitions in 2026, enabling revenue backfill and positioning for future market recovery.
Capital Expenditure to Expand Specialized Capabilities
Significant CapEx was invested into the Envolve Energy Group disposal facility late in 2025 to increase capacity; management expects this to support additional turnaround and disposal-related work in 2026.
2026 Guidance and Segment-Level Growth Expectations
Company guidance (as discussed on the call) points to notable top-line growth in 2026. Analyst framing referenced roughly 10% top-line growth with approximately 400 basis points attributable to acquisitions; management explained the guide was based on same-store sales and outlined segment expectations: LTL relatively flat, Logistics & Warehousing growth (timing and acquisitions like Cole), Specialized modest growth (capacity/CapEx benefits), S&I positive (mining/turnaround opportunities), and U.S. 3PL growth driven by acquisitions.
TSE:MTL 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:MTL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 12, 2026 | C$17.62 | C$16.05 | -8.93% |
Oct 22, 2025 | C$14.10 | C$13.90 | -1.39% |
Jul 24, 2025 | C$13.48 | C$12.79 | -5.15% |
Apr 23, 2025 | C$11.72 | C$11.82 | +0.81% |
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 Mullen Group Ltd. (TSE:MTL) report earnings?
Mullen Group Ltd. (TSE:MTL) is schdueled to report earning on Apr 23, 2026, After Close (Confirmed).
What is Mullen Group Ltd. (TSE:MTL) earnings time?
Mullen Group Ltd. (TSE:MTL) earnings time is at Apr 23, 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:MTL EPS forecast?
TSE:MTL EPS forecast for the fiscal quarter 2026 (Q1) is 0.19.