Black Diamond Group Ltd
TSX:BDI

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Black Diamond Group Ltd
TSX:BDI
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Price: 13.94 CAD -1.06%
Market Cap: 932.3m CAD

Black Diamond Group Ltd
Investor Relations

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.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 31, 2025
AI Summary
Q3 2025

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.

Key Financials
Revenue
$105.3 million
Adjusted EBITDA
$31.8 million
Profit
$12.2 million
EPS
$0.19 per share
Rental Revenue
$41.3 million
MSS Rental Revenue
$28.1 million
WFS Revenue
$43.2 million
WFS EBITDA
$14.2 million
Dividend
$0.045 per share (quarterly)
Free Cash Flow
$23 million
Net Debt
$197.1 million
Fleet Utilization
75.8%
MSS Utilization
80.3%
WFS Utilization
62.2%
Future Contracted Rental Revenue
$159 million
MSS Future Contracted Rental Revenue
$129.8 million
LodgeLink Room Night Bookings
over 148,000
LodgeLink Gross Bookings
$35.7 million
LodgeLink Net Revenue
$4.3 million
Capital Expenditures
$19.6 million
Year-to-date Capital Expenditures
$69.3 million
Capital Commitments
$39.5 million
Net Debt to Adjusted Leverage EBITDA
1.6x
Average Interest Rate on Debt
4.55%
Earnings Call Recording
Other Earnings Calls

Management

Mr. Trevor Haynes
Chairman, President & CEO
No Bio Available
Mr. Toby Labrie CPA
Executive VP & CFO
No Bio Available
Mr. Michael Lenard Ridley
Executive VP & COO of Workforce Solutions
No Bio Available
Mr. Edward J. Redmond M. ENG., MBA, P. ENG.
Executive VP & COO of Modular Space Solutions
No Bio Available
Mr. Jason Alexander Zhang C.F.A.
Vice President of Capital Markets
No Bio Available

Contacts

Address
ALBERTA
Calgary
Suite 1000, 440 - 2nd Avenue S.W.
Contacts