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Pason Systems Inc. (TSE:PSI)
TSX:PSI
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.23Last Year’s EPS
0.11Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: -0.69%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Neutral
The earnings call showed positive revenue growth and strong financial positioning, but faced challenges in the completions segment and a decline in Energy Toolbase revenue. Despite setbacks, the company remains confident in its strategic direction and future growth prospects.Company Guidance
During the third quarter of 2024, Pason Systems Inc. reported strong financial results with a 14% year-over-year increase in revenue to $105.9 million, despite a 5% decline in North American industry drilling activity. The North American Drilling segment achieved a record revenue per Industry Day of $1,058, contributing to a segment revenue of $74.1 million and a gross profit of $45.5 million. The International Drilling segment maintained stable revenue at $15.3 million, while the Completion segment, including Intelligent Wellhead Systems, generated $12.5 million in revenue with a gross profit of $0.3 million. The Solar and Energy Storage segment, represented by Energy Toolbase, experienced a 30% revenue decline to $3.9 million due to delivery timing of control systems. Pason's adjusted EBITDA grew to $44.1 million, representing 41.7% of revenue, and the company reported a net income of $24.2 million or $0.30 per share. Despite increased depreciation and amortization expenses, free cash flow reached $16.7 million, enabling $11.3 million to be returned to shareholders. The earnings call highlighted the company's strategic investments, strong balance sheet, and ongoing focus on growth and shareholder returns.Revenue Growth Despite Industry Challenges
Pason generated $105.9 million in revenue in Q3 2024, a 14% increase from Q3 2023, despite a 5% reduction in North American industry drilling activity.
Record Revenue Per Industry Day
North American drilling business unit generated revenue per Industry Day of $1,058, a new record level and a 9% increase from Q3 2023.
Adjusted EBITDA Growth
Consolidated adjusted EBITDA in Q3 2024 was $44.1 million, showing an increase of $11 million quarter-over-quarter.
Stable International Drilling Revenue
International Drilling segment generated $15.3 million in revenue, maintaining stability compared to the previous year.
Strong Balance Sheet
Pason ended the quarter with $73.9 million in total cash and no interest-bearing debt.
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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
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TSE:PSI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | C$14.59 | C$14.89 | +2.06% |
| Aug 07, 2024 | C$14.93 | C$14.36 | -3.82% |
| May 02, 2024 | C$15.54 | C$15.36 | -1.16% |
| Feb 28, 2024 | C$13.65 | C$13.34 | -2.27% |
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 Pason Systems Inc. (TSE:PSI) report earnings?
Pason Systems Inc. (TSE:PSI) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Pason Systems Inc. (TSE:PSI) earnings time?
Pason Systems Inc. (TSE:PSI) earnings time is at Feb 27, 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:PSI EPS forecast?
TSE:PSI EPS forecast for the fiscal quarter 2024 (Q4) is 0.23.
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