CALGARY, Alberta, Jan. 22, 2026 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. (“DIRTT”, the “Company”, “we”, “our”, “us” or “ours”) (TSX: DRT; OTCQX: DRTTF), a leader in industrialized construction, saw continued momentum heading into year-end, with commercial activity reflecting customers moving from planning to execution. Engagement during the month spanned healthcare, public sector, and workplace environments. Broader planning indicators improved in late 2025, with the Dodge Momentum Index risin ...

Core Insights - DIRTT announced changes in its executive leadership team, with Rich Hunter departing and Aaron Merkin joining as Chief Technology Officer, effective January 12, 2026 [1][2] Leadership Changes - Rich Hunter played a crucial role in improving DIRTT's manufacturing processes, including safety enhancements and defect reduction [2] - Aaron Merkin brings extensive technology leadership experience from various sectors, including private equity and Fortune 500 companies, and will focus on advancing DIRTT's technology to optimize operations and enhance customer value [2][3] Technology and Innovation - DIRTT is recognized as a technology-enabled manufacturer, which differentiates it from competitors [3] - The company's proprietary ICE software facilitates precise project planning and real-time changes, reducing waste and accelerating timelines [3] - DIRTT was named number one in Manufacturing by Fast Company in 2025 for its technology-driven approach [3] Company Overview - DIRTT specializes in industrialized construction, providing adaptable interior environments for various sectors, including workplace, healthcare, education, and public markets [4] - The company's system offers design freedom and greater certainty in cost, schedule, and outcomes, allowing organizations to reconfigure spaces as needs evolve [4]

Core Viewpoint - DIRTT Environmental Solutions Ltd. has announced the early termination of its lease at the former Rock Hill manufacturing facility, effective December 30, 2025, which is expected to lead to significant cost savings and operational optimization [1][2][3]. Group 1: Lease Termination Details - DIRTT entered into a Lease Termination and Release Agreement with PDM US, LLC, relieving the company of future rent obligations in exchange for a reduced early termination fee of $1.0 million [2]. - The original lease for the Rock Hill facility was a 15-year build-to-suit agreement executed in 2019, but the facility was permanently closed in September 2023 [3]. - As of November 30, 2025, DIRTT's remaining rent obligations under the lease were estimated at approximately $10.5 million on an undiscounted basis [3]. Group 2: Financial Implications - The lease termination is expected to deliver recurring annual cost savings of $1.6 million starting in January 2026 [3]. - The company anticipates recognizing a one-time, non-cash impairment expense related to leasehold improvements of approximately $2.3 million, which will negatively impact reported results in the current period [3]. - The right-of-use asset related to this lease was valued at $5.9 million, while the lease liability was $7.7 million as of September 30, 2025 [3]. Group 3: Operational Strategy - The lease termination is part of DIRTT's broader operational initiatives aimed at rationalizing its real estate footprint and optimizing business operations [3]. - DIRTT operates a multi-facility manufacturing footprint across North America, with specialized facilities in Calgary, Alberta, and a major production plant in Savannah, Georgia [4].

Core Viewpoint - DIRTT Environmental Solutions Ltd. has announced the renewal of its Normal Course Issuer Bid (NCIB) to enhance shareholder value through opportunistic share repurchases [1][2]. Group 1: Renewed NCIB Details - The Renewed NCIB will commence on December 22, 2025, and will terminate on December 21, 2026, following the expiry of the current NCIB [1]. - Under the Renewed NCIB, DIRTT is authorized to repurchase up to 9,593,878 Common Shares, which is 5.0% of the issued and outstanding shares as of December 8, 2025 [2]. - The daily purchase limit is set at approximately 25% of the average daily trading volume, which is 35,669 Common Shares over the last six months [2]. Group 2: Prior NCIB Performance - Under the Prior NCIB, DIRTT purchased 1,749,974 Common Shares at a volume-weighted average price of C$0.95, representing approximately 3.89% of the issued shares as of December 9, 2024 [3]. - Additionally, DIRTT acquired 3,920,844 Common Shares directly from NGEN III, LP, which counted towards the maximum repurchase limit under the Prior NCIB [3]. Group 3: Repurchase Plans - DIRTT plans to implement an Issuer Repurchase Plan Agreement (IRPA) and an Automatic Repurchase Plan Agreement (ARPP) in connection with the Renewed NCIB [4]. - The ARPP will allow for share repurchases during regulatory black-out periods, provided DIRTT is not in possession of material non-public information [4]. - All purchases made under the IRPA and ARPP will count towards the total number of shares repurchased under the Renewed NCIB [4]. Group 4: Company Overview - DIRTT is a leader in industrialized construction, providing a system of physical products and digital tools for adaptable interior environments across various sectors including workplace, healthcare, education, and public [8]. - The company's solutions are designed to offer flexibility and adaptability, allowing organizations to reconfigure spaces as their needs evolve [8].

CALGARY, Alberta, Dec. 16, 2025 (GLOBE NEWSWIRE) -- DIRTT (“DIRTT”, the “Company”, “we”, “our”, “us” or “ours”) (TSX: DRT; OTCQX: DRTTF), a leader in industrialized construction, today reported steady late-year commercial activity supported by accelerating customer decision-making and consistent project volume. November saw more than $15 million in orders across multiple clients including Visa, Bechtel Corporation, PGA Superstore, and new Fortune 500 client ExxonMobil, among others. Additional notable wins ...

Core Viewpoint - DIRTT Environmental Solutions Ltd. has entered into a letter agreement with the Business Development Bank of Canada for a loan of up to C$15.0 million to optimize its capital structure and support its growth plan [1][2]. Loan Details - The loan consists of an initial disbursement of C$10.0 million and a secondary disbursement of C$5.0 million, with an interest rate of BDC's floating base rate (currently 6.55%) minus 0.75% [3]. - Monthly principal repayments will begin in May 2026, with interest-only payments due at the end of each month following the first disbursement, and the loan matures on April 30, 2032 [3]. Security and Guarantees - The loan is secured by a general security agreement granting a first-ranking security interest in specific equipment and other personal property, along with a guarantee from DIRTT Environmental Solutions, Inc. for the full loan amount [4]. - Additional security includes a landlord's waivers of distraint and a first readvanceable mortgage of US$5.0 million on the land and buildings located at 325 North Wells Street, Chicago, IL [4]. Use of Proceeds - The proceeds from the loan are intended to partially refinance the Company's outstanding 6.00% convertible debentures due January 31, 2026, with the remaining C$1.6 million to be repaid using cash on hand [5]. Company Overview - DIRTT is a leader in industrialized construction, providing a system of physical products and digital tools for adaptable interior environments across various sectors including workplace, healthcare, education, and public markets [6].

Core Insights - DIRTT Environmental Solutions Ltd. has announced two strategic short-term appointments to enhance its transformation strategy, with Scott Robinson as Executive Chairman and Adrian Zarate as Chief Transformation Officer, effective November 26, 2025 [1] Group 1: Leadership Changes - Scott Robinson, who has been on the Board since April 2022 and Chairman since June 2024, will now coordinate the execution of the strategic plan and oversee transformation initiatives [2] - Adrian Zarate, a Board member since July 2025, will step down from the Corporate Governance and Compensation Committee and resign from his position at 22NW Fund to focus on his role as Chief Transformation Officer [3] Group 2: Strategic Focus - The transformation process has successfully supported an expanded revenue strategy and established a strong foundation for growth, with the next phase focusing on business process optimizations for long-term success [4]

Core Insights - DIRTT Environmental Solutions Ltd. reported a revenue of $37.7 million for Q3 2025, a decrease of 13% compared to Q3 2024, attributed to higher order delays and tariff impacts [4][6][20] - The company achieved a gross profit margin of 30.4% in Q3 2025, an increase from 27.8% in Q2 2025, but a decrease from 38.8% in Q3 2024, as tariff mitigation actions began to take effect [4][7][20] - DIRTT's net loss after tax for Q3 2025 was $3.5 million, compared to a net income of $7.1 million in Q3 2024, reflecting a significant decline in profitability [18][24] - Adjusted EBITDA for Q3 2025 was $1.2 million, down from $4.1 million in Q3 2024, with an Adjusted EBITDA margin of 3.1% compared to 9.4% in the prior year [19][20] - The company has a twelve-month forward pipeline of $333.5 million as of September 30, 2025, indicating a 7.2% increase from July 1, 2025 [3][21] Financial Performance - Total revenue for the first nine months of 2025 was $117.9 million, down from $125.4 million in the same period of 2024 [28] - Gross profit for Q3 2025 was $11.5 million, a decrease from $16.8 million in Q3 2024, with gross profit margin declining from 38.8% to 30.4% year-over-year [4][7][28] - The company incurred $1.9 million in tariffs during Q3 2025, representing 5.1% of total revenue, primarily due to a 50% tariff on Canadian aluminum exports to the U.S. [4][24] Cost Management - Sales and marketing expenses decreased by $0.4 million to $4.8 million in Q3 2025, driven by lower commissions and reduced marketing costs [8] - General and administrative expenses also decreased by $1.4 million to $4.4 million, primarily due to lower professional services costs [9] - Reorganization expenses increased to $2.6 million in Q3 2025 from $0.6 million in the prior year, related to the establishment of a Transformation Office [14] Future Outlook - For Q4 2025, DIRTT expects revenue between $48.0 million and $52.0 million and Adjusted EBITDA between $5.0 million and $7.0 million [5][20] - The company is focusing on transforming its business through a Transformation Office aimed at streamlining processes and improving productivity, with completion expected in 2026 [21][24] - DIRTT has entered a non-binding term sheet with the Business Development Bank of Canada for proposed financing of up to C$15 million to partially settle its January Debentures [24]

Core Insights - DIRTT Environmental Solutions Ltd. will release its third quarter 2025 financial results on November 5, 2025, after market close [1] - A conference call to discuss the results is scheduled for November 6, 2025, at 8:00 a.m. MST, hosted by the CEO and CFO [2] Company Overview - DIRTT is a leader in industrialized construction, providing a system of physical products and digital tools for creating adaptable interior environments [4] - The company operates in various markets including workplace, healthcare, education, and public sector, offering design freedom and certainty in cost, schedule, and outcomes [4] - DIRTT's solutions are designed to be flexible and adaptable, allowing organizations to reconfigure spaces as their needs evolve [4]

Core Insights - DIRTT Environmental Solutions Ltd. has announced significant progress in its commercial pipeline, with over $7 million in projects advancing across five clients, indicating strong demand in various sectors including healthcare, workplace, and aviation [1][2]. Project Highlights - Notable projects include The Hospitals of Providence in El Paso, Texas, valued at over $1.5 million, and The Ohio State University Wexner Medical Center Outpatient Care Powell, a $4.7 million project that will span 20 phases through April 2026 [2]. - These projects underscore DIRTT's success in delivering scalable programs within major healthcare systems [2]. Market Trends - The Dodge Momentum Index has increased by 33% year over year, reflecting a positive trend in construction planning across key markets [2]. - DIRTT's 12-month forward pipeline has seen a 1.2% increase from September 1, 2025, to October 1, 2025, indicating sustained demand for its adaptable interior construction solutions [3]. Company Overview - DIRTT is recognized as a leader in industrialized construction, providing a system of physical products and digital tools that enable organizations to create high-performing, adaptable interior environments [4]. - The company operates across various sectors, including workplace, healthcare, education, and public markets, offering design flexibility and greater certainty in cost, schedule, and outcomes [4].