GDI Integrated Facility Services Inc
TSX:GDI
GDI Integrated Facility Services Inc
GDI Integrated Facility Services, Inc. engages in the provision of commercial facility services. The company is headquartered in Lasalle, Quebec and currently employs 30,000 full-time employees. The company went IPO on 2001-03-21. The firm's Janitorial Services segment provides a range of daily or weekly commercial cleaning services that can include cleaning and dusting desks and tables, vacuuming carpets, cleaning floors, sanitizing kitchens and washrooms, watering plants, cleaning exterior facilities, cleaning interior parking areas, and removal of garbage among others. Its Technical Services segment provides building system controls installation, repairs, and servicing coast to coast in Canada and in certain states in the United States, including Michigan, New Jersey, New York, Oregon, and Washington. The firm's Complementary Services segment provides products and services in Canada, which are used by property owners and managers and are complementary to the products and services offered through its Janitorial Canada Segment and Janitorial USA Segment.
Revenue Decline: GDI reported Q2 revenue of $610 million, down 5% from last year due to a 4% organic decline.
Stable Profitability: Adjusted EBITDA was $34 million, matching last year, with margin improving to 6% from 5%.
Segment Trends: Business Service Canada showed higher churn and margin pressure, while U.S. segment improved margins despite lower revenue.
Cost & Sales Actions: Management is reducing costs and investing in sales resources to offset softness and drive future growth.
Technical Services Strength: Technical segment delivered strong margins and near-record backlog despite revenue dip.
Outlook: Continued softness expected in Business Services, but management remains focused on sustainable margins and expects U.S. organic growth to normalize by late 2025.
Disciplined M&A: Acquisition pipeline is active, with management emphasizing discipline and more reasonable multiples in the market.
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