Black Diamond Group Ltd
TSX:BDI
Black Diamond Group Ltd
Black Diamond Group Ltd. engages in renting and selling space rental and modular workforce accommodation. The company is headquartered in Calgary, Alberta and currently employs 376 full-time employees. The company went IPO on 2006-09-26. The company provides specialized field rentals to oil and gas industries. The company operates through two business segments : Modular Space Solutions (MSS) and Workforce Solutions (WFS). The MSS segment includes BOXX Modular, Britco, and MPA Systems. The MSS segment sells both new and used space rentals buildings and provides delivery, installation, project management and ancillary products and services, such as furniture and office equipment. The WFS segment provides workforce solutions, including rental of accommodation assets and surface equipment, provision of full turnkey lodging, and travel management services through LodgeLink. WFS includes: Black Diamond Camps & Lodging, Black Diamond Energy Services, Black Diamond International, and LodgeLink. The company serves sectors, such as mining, and power and military.
Black Diamond Group Ltd. engages in renting and selling space rental and modular workforce accommodation. The company is headquartered in Calgary, Alberta and currently employs 376 full-time employees. The company went IPO on 2006-09-26. The company provides specialized field rentals to oil and gas industries. The company operates through two business segments : Modular Space Solutions (MSS) and Workforce Solutions (WFS). The MSS segment includes BOXX Modular, Britco, and MPA Systems. The MSS segment sells both new and used space rentals buildings and provides delivery, installation, project management and ancillary products and services, such as furniture and office equipment. The WFS segment provides workforce solutions, including rental of accommodation assets and surface equipment, provision of full turnkey lodging, and travel management services through LodgeLink. WFS includes: Black Diamond Camps & Lodging, Black Diamond Energy Services, Black Diamond International, and LodgeLink. The company serves sectors, such as mining, and power and military.
Revenue Growth: Black Diamond reported Q3 revenue of $105.3 million, up 4% from the same period last year.
Profit Surge: Net profit jumped 65% to $12.2 million, driving basic EPS up 58% to $0.19 per share.
EBITDA Increase: Adjusted EBITDA rose 10% year-over-year to $31.8 million.
Dividend Hike: The quarterly dividend was raised 29% to $0.045 per share, the fifth consecutive annual increase.
Rental Revenue Strength: Rental revenue hit $41.3 million, up 9%, with Modular Space Solutions (MSS) setting a new rental revenue record.
Workforce Solutions Stability: WFS revenue rose 12% and EBITDA grew 7%, though major project-driven growth is not expected before late 2026.
Acquisition Update: The Royal Camp Services acquisition is on track to close by year-end, which will double the Canadian workforce accommodation fleet.
Strong Free Cash Flow: Free cash flow rose 17% to $23 million, supporting future growth and acquisitions.
