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Pason Systems Inc. (TSE:PSI)
TSX:PSI
Earnings Data
Report Date
May 07, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.22Last Year’s EPS
0.25Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a resilient operational and financial performance amid weaker industry activity: modest consolidated revenue growth (+1%), record North American drilling revenue per industry day (+3% annual), strong outperformance in Completions (+12%) and an 87% surge in Solar & Energy Storage revenue. Free cash flow improved (+17%) and the company maintained a strong balance sheet ($77M cash, no debt) while returning significant capital to shareholders. Offsetting these positives are compressed adjusted EBITDA and margins (37% vs 39% prior year), a sharp decline in net income driven by a 2024 one-time gain, and weakness in international drilling due to customer operational shifts. Overall, the positive operational resilience, cash generation and growth in newer segments outweigh the near-term margin and activity headwinds.Company Guidance
Consolidated Revenue Growth
Fiscal 2025 consolidated revenue of $419 million, up 1% year-over-year, marking the eighth consecutive year consolidated revenue growth outpaced changes in North American land drilling activity.
Record North American Drilling Revenue per Industry Day
North American Drilling generated $275 million in 2025 and achieved a record annual revenue per industry day of $1,053, up 3% year-over-year (Q4 industry-day revenue held steady at $1,044).
Completions Segment Outperformance
Completions revenue grew 12% to $59 million in 2025 despite a 24% decline in U.S. active frac spreads, and Q4 completions revenue declined only 5% (to $13 million) versus a 23% industry drop — indicating strong share gains and customer additions.
Solar & Energy Storage Rapid Growth
Solar and Energy Storage revenue grew 87% year-over-year to $33.7 million in 2025, with a record quarterly contribution of $16.2 million from Energy Toolbase in Q4 driven by increased control system deliveries.
Improved Free Cash Flow and Strong Cash Generation
Operating cash flow was $117.7 million (only a 4% decline YoY) and free cash flow increased 17% to $63.3 million in 2025 (from $54.1 million in 2024), supporting capital returns and balance sheet strength.
Disciplined Capital Returns
Pason returned $62.7 million to shareholders in 2025 (dividends $40.7 million and $22 million in share repurchases) while reducing share count ~7% over 10 years and having completed the IWS acquisition with no dilution.
Strong Balance Sheet and Low Leverage
Ended FY2025 with $77 million in cash and no interest-bearing debt, while maintaining disciplined capex (FY net capex $54.3 million; guidance for 2026 $55–60 million) and a maintained quarterly dividend of $0.13 per share.
TSE:PSI 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:PSI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | C$12.98 | C$12.35 | -4.85% |
Nov 06, 2025 | C$12.14 | C$12.05 | -0.73% |
Aug 06, 2025 | C$11.51 | C$11.34 | -1.44% |
May 01, 2025 | C$10.75 | C$11.22 | +4.33% |
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 Pason Systems Inc. (TSE:PSI) report earnings?
Pason Systems Inc. (TSE:PSI) is schdueled to report earning on May 07, 2026, After Close (Confirmed).
What is Pason Systems Inc. (TSE:PSI) earnings time?
Pason Systems Inc. (TSE:PSI) earnings time is at May 07, 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:PSI EPS forecast?
TSE:PSI EPS forecast for the fiscal quarter 2026 (Q1) is 0.22.