Pason Systems Inc. demonstrated resilience in a challenging industry environment, with significant achievements in revenue growth across certain segments and maintaining a strong financial position. However, the decline in net income and challenges in international markets, along with broader industry declines, present notable challenges.

Company Guidance

During the Pason Systems Inc.'s Third Quarter 2025 Earnings Call, the company reported consolidated revenue of $101 million with an adjusted EBITDA of $38.5 million, representing 38.1% of revenue. The North American drilling segment saw a 9% decline in industry drilling activity year-over-year, with revenue decreasing by 7%, while revenue per industry day grew by 1% to $1,071. In the International Drilling segment, revenue was $12.5 million, with gross profit of $5.2 million, despite challenges in Argentina. The Completions segment reported a 17% increase in revenue year-over-year to $14.6 million, even as industry activity declined by 27%. The Solar and Energy Storage segment experienced a 30% revenue increase to $5.1 million, driven by control system sales. Pason's net income was $12.5 million or $0.16 per share, down from the previous year, due to lower industry activity and higher depreciation. The company maintained a strong balance sheet with $75.6 million in cash and returned $13.1 million to shareholders in the quarter, reflecting its strategic focus on growth and shareholder returns.

Revenue Growth in Challenging Conditions

Despite a 9% decrease in North American land drilling activity, Pason's revenue in the North American Drilling segment only decreased by 7% year-over-year, showcasing resilience in a challenging market.

Completions Segment Success

The Completions segment reported a 17% increase in revenue year-over-year, despite a 27% decrease in industry activity, indicating strong product adoption and market demand.

Solar and Energy Storage Gains

The Solar and Energy Storage segment experienced a 30% increase in revenue year-over-year, driven by the timing of control system sales deliveries.

Strong Financial Position

Pason ended the quarter with total cash, including short-term investments, of $75.6 million and no interest-bearing debt, maintaining a strong financial position.

Free Cash Flow and Shareholder Returns

Free cash flow in the third quarter was $18.7 million, up from $16.7 million in the prior year. Pason returned $13.1 million to shareholders through dividends and share repurchases.

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

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TSE:PSI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 26, 2026	2025 (Q4)	0.19 / -	0.21	―	―	―
Nov 06, 2025	2025 (Q3)	0.20 / 0.16	0.3	-46.67% (-0.14)	―	―
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)	―	―

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
Nov 06, 2025	C$12.27	C$12.18	-0.73%
Aug 06, 2025	C$11.63	C$11.46	-1.46%
May 01, 2025	C$10.87	C$11.34	+4.32%
Feb 27, 2025	C$12.49	C$11.93	-4.48%

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 Feb 26, 2026, After Close (Confirmed).

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

Pason Systems Inc. (TSE:PSI) earnings time is at Feb 26, 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 2025 (Q4) is 0.19.

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