The earnings call highlighted resilience and growth in several segments, particularly in Completions and Solar and Energy Storage despite industry challenges. However, declines in North American Drilling and International Drilling segments, along with decreased adjusted EBITDA, present concerns. The overall sentiment is mixed, with positive growth in some areas balanced by challenges in others.

Company Guidance -

Q3 2025

In the second quarter of 2025, Pason Systems Inc. reported consolidated revenue of $96.4 million, a slight 1% increase from the previous year, despite challenging industry conditions. The North American Drilling segment experienced a 2% year-over-year revenue decline, outperforming a 5% industry activity decrease, with revenue per industry day growing by 3% to $1,026. Operating expenses decreased by 6%, with gross profit remaining flat at $34 million. The International Drilling segment faced an 11% revenue drop due to a shift in a major customer's focus, while the Completions segment saw a 12% revenue increase to $15.3 million, outperforming a 25% industry activity decline, with revenue per IWS Day remaining stable at $5,069. The Solar and Energy Storage segment reported a 58% revenue growth to $5 million, driven by control system sales. Overall, Pason's adjusted EBITDA was $31.6 million, or 32.7% of revenue, and net income increased to $12.6 million. The company maintained a strong balance sheet with $69.3 million in cash and no debt, while returning $20.2 million to shareholders through dividends and share repurchases.

Revenue Growth in Challenging Conditions

Pason generated consolidated revenue of $96.4 million in Q2 2025, a 1% increase from $95.9 million in Q2 2024, despite challenging industry conditions.

Strong Performance in Completions Segment

The Completions segment revenue grew by 12% year-over-year to $15.3 million, despite a 25% decrease in industry activity. The average number of IWS active jobs increased by 14% year-over-year.

Solar and Energy Storage Segment Growth

The Solar and Energy Storage segment saw a 58% increase in revenue year-over-year, reaching $5 million in Q2 2025, driven by increased control system project deliveries.

Positive Financial Metrics

Net income attributable to Pason for Q2 2025 was $12.6 million or $0.16 per share, up from $10.9 million or $0.14 per share in Q2 2024. The company maintained a strong balance sheet with $69.3 million in total cash and no interest-bearing debt.

Pason Systems (TSE:PSI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:PSI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	0.24 / -	0.3	―	―	―
Aug 06, 2025	2025 (Q2)	0.17 / 0.16	0.14	14.29% (+0.02)	―	―
May 01, 2025	2025 (Q1)	0.26 / 0.25	0.87	-71.26% (-0.62)	―	―
Feb 27, 2025	2024 (Q4)	0.23 / 0.21	0.11	90.91% (+0.10)	―	―
Nov 07, 2024	2024 (Q3)	0.25 / 0.30	0.35	-14.29% (-0.05)	―	―
Aug 07, 2024	2024 (Q2)	0.21 / 0.14	0.32	-56.25% (-0.18)	―	―
May 02, 2024	2024 (Q1)	0.32 / 0.87	0.44	97.73% (+0.43)	―	―
Feb 28, 2024	2023 (Q4)	0.29 / 0.11	0.44	-75.00% (-0.33)	―	―
Nov 02, 2023	2023 (Q3)	0.31 / 0.35	0.41	-14.63% (-0.06)	―	―
Aug 10, 2023	2023 (Q2)	0.28 / 0.32	0.22	45.45% (+0.10)	―	―

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
Aug 06, 2025	C$11.76	C$11.59	-1.45%
May 01, 2025	C$10.99	C$11.46	+4.28%
Feb 27, 2025	C$12.63	C$12.06	-4.51%
Nov 07, 2024	C$14.30	C$14.59	+2.03%

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 (TSE:PSI) report earnings?

Pason Systems (TSE:PSI) is schdueled to report earning on Nov 06, 2025, After Close (Confirmed).

What is Pason Systems (TSE:PSI) earnings time?

Pason Systems (TSE:PSI) earnings time is at Nov 06, 2025, 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 2025 (Q3) is 0.24.

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