CALGARY, Alberta, Feb. 09, 2026 (GLOBE NEWSWIRE) -- Badger Infrastructure Solutions Ltd. (“Badger”, the “Company”, “we”, “our” or “us”) (TSX:BDGI) confirms the release date for its fourth quarter 2025 results. 2025 Fourth Quarter Results and Conference CallBadger expects to release its 2025 fourth quarter results on Thursday, March 5, 2026, after markets close. A conference call and webcast for investors, analysts and brokers to discuss the 2025 fourth quarter results is scheduled for 10:00 a.m. EST on Frid ...

Core Insights - Badger Infrastructure Solutions Ltd. reported strong third-quarter results, with revenue growth of 13% year-over-year to $237.3 million and Adjusted EBITDA increasing by 15% to $66.8 million, indicating effective execution of business strategies and investments in fleet capacity [3][4][6]. Operational Highlights - The company experienced a 13% increase in revenue compared to the same quarter in 2024, with non-destructive excavation services contributing significantly to this growth [5][6]. - Year-to-date revenue growth stands at 11%, with Adjusted EBITDA up 16% and Adjusted net earnings per share rising by 40%, showcasing the effectiveness of the company's customer-centric service approach [4][6]. Financial Highlights - Total revenue for the third quarter was $237.3 million, up from $209.4 million in 2024, with a gross profit margin of 32.6% [5][6]. - Adjusted EBITDA for the quarter was $66.8 million, reflecting a 15% increase from $58.3 million in the previous year, with an Adjusted EBITDA margin of 28.2% [5][6]. - Adjusted net earnings per share reached $0.91, a 25% increase from $0.73 in 2024 [6]. Business Outlook - The company anticipates continued growth opportunities in various end markets, particularly in the U.S. and metropolitan areas, as the market recovers from previous uncertainties [10]. - Badger plans to increase its hydrovac production to meet rising demand, with expectations of producing between 180 to 210 units in 2025 [11]. - Capital expenditures for 2025 are projected to rise to between $115 million and $130 million, reflecting increased manufacturing and fleet expansion efforts [12][13]. Strategic Initiatives - The company has successfully converted its Denver franchise to a corporate branch, which is expected to enhance growth in that region [11]. - Badger is developing its own refurbishment facility in the central U.S. to improve control over refurbishment processes and costs, expected to be operational in 2026 [11]. Financial Management - As of September 30, 2025, the company's total debt to compliance EBITDA ratio improved to 1.3x, down from 1.5x a year earlier, indicating better financial leverage management [15]. - The company renewed its Normal Course Issuer Bid (NCIB) program, allowing for opportunistic share repurchases while continuing to return capital to shareholders through dividends [15].

Core Insights - Badger Infrastructure Solutions Ltd. reported a strong second quarter with an 11% increase in revenue to $208.2 million and an 18% rise in adjusted EBITDA year-over-year, indicating effective business strategies and customer demand [3][4][6] Financial Highlights - Total revenue for Q2 2025 was $208.2 million, up from $186.8 million in Q2 2024, with non-destructive excavation services contributing $197.4 million [5][6] - Adjusted EBITDA reached $52.7 million, an 18% increase from $44.6 million in the same quarter last year, with an adjusted EBITDA margin of 25.3% [5][6] - Net earnings for Q2 2025 were $18.5 million, compared to $11.9 million in Q2 2024, resulting in adjusted net earnings per share of $0.60, up 33% year-over-year [5][6][7] Operational Performance - Year-to-date revenue growth was 9%, with adjusted EBITDA increasing by 17% and adjusted net earnings per share rising by 32% [4] - The company maintained a gross profit margin of 30.5%, up from 29.2% in 2024, reflecting improved operational efficiency [6] Business Outlook - Badger anticipates continued growth opportunities, particularly in the U.S., and plans to leverage customer relationships to drive higher activity levels [10][11] - The company is focused on fleet management and utilization, with planned growth of 4% to 7% in its hydrovac fleet for 2025 [11][12] - Total capital expenditure for 2025 is projected to be between $95 million and $115 million, which includes investments in new hydrovacs and refurbishments [13] Shareholder Returns - The board approved a quarterly cash dividend of CAD$0.1875 per common share for Q3 2025, with payment scheduled for on or after October 15, 2025 [6] - Badger repurchased 191,800 shares at an average price of CAD$36.94 during Q2 2025, with a total of 492,800 shares repurchased year-to-date [6][7][14]

Company Overview - Badger Infrastructure Solutions Ltd. is North America's largest provider of non-destructive excavating services, serving contractors and facility owners across various infrastructure industries and general commercial construction [3]. - The company specializes in excavation services near high concentrations of underground utilities, where safety and economic risks are significant [3]. Technology and Services - The key technology utilized by the company is the Badger Hydrovac™, which employs a pressurized water stream to liquefy soil for safe excavation around critical infrastructure [4]. - Badger designs and manufactures all its hydrovac units at its facility in Red Deer, Alberta, with an annual production capacity exceeding 350 units [4]. - The company has initiated a refurbishment program to extend the service life of certain hydrovac units when financially prudent [4]. - In addition to the Badger Hydrovac, the company offers specialty units such as Airvacs, combo trucks, and sewer and flusher units to enhance its service offerings [4]. Upcoming Financial Results - Badger Infrastructure Solutions Ltd. is set to release its Q2 2025 results on July 30, 2025, after market close [2]. - A conference call for investors, analysts, and brokers to discuss the results is scheduled for 7:00 a.m. MT on July 31, 2025 [2].

Company Overview - Badger Infrastructure Solutions Ltd. is North America's largest provider of non-destructive excavating and related services, operating in various infrastructure industries and general commercial construction [5] - The company specializes in non-destructive excavation, particularly using its proprietary Badger Hydrovac technology, which liquefies soil using pressurized water and removes it with a vacuum system [5] - Badger designs and manufactures all of its hydrovac units at its facility in Red Deer, Alberta, with an annual production capacity exceeding 350 units [5] Market Upgrade - Badger Infrastructure Solutions Ltd. has upgraded to trade on the OTCQX Best Market from the Pink market, enhancing its market access and liquidity for U.S. investors [1][4] - The upgrade allows the company to provide transparent trading and utilize its home market reporting to make information available in the U.S. [3] - The move is expected to broaden Badger's investor base and enhance its visibility within the U.S. investment community [4] Trading Information - Badger Infrastructure Solutions Ltd. began trading on OTCQX under the symbol "BDGIF," with financial disclosures and real-time quotes available on the OTC Markets website [2] - The OTCQX Market requires companies to meet high financial standards and adhere to best practice corporate governance [3]

Core Insights - Badger Infrastructure Solutions Ltd. reported a strong start to 2025 with a revenue increase of 7% to $172.6 million and a 16% rise in Adjusted EBITDA compared to the previous year, demonstrating effective operational leverage despite adverse weather conditions in early 2025 [3][6]. Financial Highlights - Total revenue for Q1 2025 was $172.6 million, up from $161.6 million in Q1 2024, with non-destructive excavation services contributing $164.8 million [5][6]. - Adjusted EBITDA reached $33.8 million, a 16% increase from $29.2 million in Q1 2024, resulting in an Adjusted EBITDA margin of 19.6%, up from 18.1% [5][6]. - Net earnings for Q1 2025 were $3.3 million, compared to $1.8 million in Q1 2024, with Adjusted net earnings increasing to $6.4 million from $4.9 million [5][6]. - The company declared a quarterly cash dividend of CAD$0.1875 per common share for Q2 2025, payable on or after July 15, 2025 [6]. Operational Highlights - The hydrovac fleet is expected to grow by 4% to 7% in 2025, providing capacity to meet increasing demand [4][11]. - Revenue per truck per month (RPT) was $35,034, slightly down from $35,138 in the previous year [6][7]. - The company is focused on disciplined fleet management and operational efficiency to support organic growth [10][11]. Business Outlook - Badger anticipates continued growth opportunities in the U.S. market, despite uncertainties related to tariffs and trade disputes [10]. - The company plans to invest between $95 million to $115 million in capital expenditures for new builds, refurbishments, and ancillary equipment in 2025 [12]. - Badger aims to enhance customer experience through operational excellence initiatives across its field operations [10][11]. Company Overview - Badger Infrastructure Solutions Ltd. is North America's largest provider of non-destructive excavation services, primarily serving contractors and facility owners in various infrastructure industries [16][17]. - The company's key technology, the Badger Hydrovac™, is designed for safe excavation around critical infrastructure, utilizing a pressurized water stream and vacuum system [17].

Core Insights - Badger Infrastructure Solutions Ltd. reported a strong financial performance for the fourth quarter and the full year of 2024, with annual revenue increasing by 9% and Adjusted EBITDA growing by 17% compared to 2023 [3][6] - The company plans to expand its hydrovac fleet by 4% to 7% in 2025, indicating a commitment to organic growth while maintaining disciplined capital spending [4][10] Financial Highlights - Total revenue for Q4 2024 was $187.2 million, an 8% increase from Q4 2023, while total annual revenue reached $745.0 million, up 9% from 2023 [5][6] - Adjusted EBITDA for Q4 2024 was $44.0 million, reflecting a 28% increase year-over-year, and for the full year, it was $176.1 million, a 17% increase [6][7] - Adjusted earnings per share for Q4 2024 improved to $0.37, a 131% increase from the previous year, while for the full year, it was $1.68, up 24% [6][7] Operational Metrics - The gross profit margin improved to 29.5% for Q4 2024 and 29.3% for the full year, compared to 26.2% and 27.9% in 2023, respectively [6][7] - Revenue per truck per month (RPT) for Q4 was $40,707, down from $41,924 in Q4 2023, while the annual RPT was $41,765, down from $43,505 [6][7] Dividend and Share Repurchase - The Board approved a 4.2% increase in the quarterly dividend, raising it from CAD$0.18 to CAD$0.1875 per share, effective Q1 2025 [6][7] - In Q4 2024, the company repurchased 196,000 shares at an average price of CAD $36.88, totaling 240,400 shares repurchased for the year [6][7] Business Outlook - The company anticipates growth in hydrovac services, particularly in the U.S., as election uncertainties have subsided, allowing for increased activity levels [9][10] - Badger plans to manage its fleet effectively, with new builds expected to range from 180 to 210 units and retirements between 90 to 130 units in 2025 [11][12]