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Omni-Lite Canada (TSE:OML)
:OML
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Earnings Data
Report Date
Apr 17, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 14, 2019
|% Change Since: -16.25%
|Next Earnings Date:Nov 29, 2018
Earnings Call Sentiment|Positive
The earnings call presented a strong performance with significant revenue growth and a solid cash position. However, operational challenges, particularly in the casting division, and an equipment outage impacted the adjusted EBITDA. The company remains optimistic about future demand in defense sectors.Company Guidance
During the Omni-Lite Industries Third Quarter 2024 earnings call, several key metrics and guidance were discussed. The company reported a revenue of $3.8 million for the third quarter, reflecting a 14% increase from the previous fiscal year, and a year-to-date revenue of $12.4 million, marking a 36% year-over-year growth. This growth was attributed to increased demand in commercial air transport fastener products and missile defense electronics. Adjusted EBITDA for the quarter was $187,000, with a year-to-date figure of $1.6 million, despite a temporary setback due to an equipment outage that negatively impacted EBITDA by over $150,000. Bookings for the quarter totaled $3.9 million, maintaining a backlog of $5 million going into the fourth quarter. The company also reported an adjusted free cash flow of approximately $636,000 and a significant cash increase in the quarter, resulting in a strong cash balance of $2.6 million while remaining debt-free. The guidance emphasized ongoing efforts to invest in automation and secure long-term bookings, particularly in defense electronic components, to support future growth and maintain high-quality production capabilities.Revenue Growth
Third quarter 2024 revenue was $3.8 million, marking a 14% increase from fiscal year 2023. Year-to-date revenue was $12.4 million, a 36% increase year-over-year.
Record Adjusted EBITDA
Year-to-date adjusted EBITDA reached $1.6 million, a record for Omni-Lite.
Strong Cash Position
The company reported a significant increase in cash of approximately $834,000, resulting in a strong cash balance of $2.6 million, while remaining debt-free.
High Demand for Defense Products
Near-term demand for structural fasteners, jet engine castings, and short-range air defense sensor electronic components are driving bookings, with a backlog of $5 million.
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TSE:OML 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:OML Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | C$1.60 | C$1.39 | -13.13% |
| Jul 31, 2024 | C$1.30 | C$1.24 | -4.62% |
| May 16, 2024 | C$0.92 | C$1.05 | +14.13% |
| Apr 18, 2024 | C$0.68 | C$0.85 | +25.00% |
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 Omni-Lite Canada (TSE:OML) report earnings?
Omni-Lite Canada (TSE:OML) is schdueled to report earning on Apr 17, 2025, TBA Not Confirmed.
What is Omni-Lite Canada (TSE:OML) earnings time?
Omni-Lite Canada (TSE:OML) earnings time is at Apr 17, 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:OML EPS forecast?
Currently, no data Available
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