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Black Diamond Group Limited Announces Timing of Fourth Quarter and Year-End 2025 Financial Results and Conference Call
Globenewswire· 2026-02-05 12:01
Core Viewpoint - Black Diamond Group Limited is set to release its 2025 fourth quarter and full year earnings on February 26, 2026, followed by a conference call on February 27, 2026, to discuss the financial results and answer questions from analysts and investors [1][2]. Company Overview - Black Diamond is an industrial services and asset management company operating in Canada, the United States, and Australia, with two main business units: Modular Space Solutions (MSS) and Workforce Solutions (WFS) [5]. Modular Space Solutions (MSS) - MSS operates through brands such as BOXX Modular, CLM, and Schiavi, owning a large rental fleet of modular buildings for various sectors including construction, industrial, education, financial, and government [6]. Workforce Solutions (WFS) - WFS includes brands like Black Diamond Lodging and Accommodations, Royal Camp Services, and Summit Camps, providing modular accommodation assets and services to customers in resource, infrastructure, construction, disaster recovery, and education sectors [7]. - WFS also features LodgeLink, a digital marketplace for crew accommodation and travel logistics, enhancing the management of travel cycles for businesses across North America, Australia, and the Asia-Pacific region [8].
Black Diamond Group Limited Announces Timing of Fourth Quarter and Year-End 2025 Financial Results and Conference Call
Globenewswire· 2026-02-05 12:01
CALGARY, Alberta, Feb. 05, 2026 (GLOBE NEWSWIRE) -- Black Diamond Group Limited (“Black Diamond” or the "Company”) (TSX: BDI, OTCQX:BDIMF), a leading provider of space rental and workforce accommodation solutions, today announces the timing of its 2025 fourth quarter and full year earnings release and conference call/webcast. Black Diamond intends to release its 2025 fourth quarter and full year results after markets close on Thursday, February 26, 2026, and hold a conference call and webcast at 9:00 a.m. M ...
Black Diamond Group Limited Announces Closing of Royal Camp Services Acquisition
Globenewswire· 2025-11-12 21:45
Core Points - Black Diamond Group Limited has successfully completed the acquisition of Royal Camp Services Ltd for approximately $165.8 million, consisting of $150 million in cash and 1,377,911 common shares valued at $12.08 each [2][3] - The acquisition aligns with Black Diamond's long-term growth strategies and is expected to be highly accretive, with an anticipated Adjusted EBITDA for Royal between $31 million and $41 million over three years, excluding synergies [3] - Following the acquisition, Black Diamond will have nearly 12,000 rooms of capacity across Canada, enhancing its position as a premier integrated workforce accommodations and catering business [3] Company Overview - Black Diamond is a specialty rentals and industrial services company with two operating business units: Modular Space Solutions (MSS) and Workforce Solutions (WFS), operating in Canada, the United States, and Australia [4] - MSS operates through brands like BOXX Modular and CLM, providing a large rental fleet of modular buildings to various sectors including construction and government [5] - WFS offers a rental fleet of modular accommodation assets and includes LodgeLink, a digital marketplace for crew accommodation and logistics [6][7] Royal Camp Overview - Royal Camp has been a leading provider of remote accommodation and catering solutions in Western Canada since 1991, known for its modern structures and world-class catering [8] - The company operates Summit Camps, which provides integrated camp services in remote regions, primarily in British Columbia and the Yukon Territory [8] - Royal Camp has a long-standing partnership with Primco Dene, operating numerous camps in the Cold Lake and Christina Lake areas [9][10]
Black Diamond Reports Second Quarter 2025 Results and Declares Dividend
Globenewswire· 2025-08-07 22:39
Core Insights - Black Diamond Group Limited reported strong financial results for the second quarter of 2025, with total revenue of CAD 105.4 million, a 10% increase from CAD 95.5 million in the same quarter of 2024 [12][13] - The company achieved a profit of CAD 9.2 million, representing a 23% increase from CAD 7.5 million in the comparative quarter [5][14] - Adjusted EBITDA for the quarter was CAD 29.2 million, up 5% from CAD 27.9 million in the previous year [5][12] Financial Performance - Consolidated rental revenue reached CAD 38.6 million, a 9% increase from the comparative quarter [5] - Basic earnings per share rose to CAD 0.15, a 25% increase from CAD 0.12 in the same quarter of 2024 [14] - Capital expenditures for the quarter were CAD 32.5 million, down from CAD 53.5 million in the comparative quarter [5][12] Business Segments - Modular Space Solutions (MSS) generated record rental revenue of CAD 26.4 million, up 19% from CAD 22.2 million in the comparative quarter, driven by higher average monthly rental rates [4][5] - Workforce Solutions (WFS) revenue increased by 6% to CAD 46.7 million, with a notable 32% rise in lodge services revenue [6][5] - LodgeLink reported total room nights sold of 135,815, a 5% increase, contributing to gross bookings of CAD 25.7 million, also up 5% from the previous year [7][5] Future Outlook - The company anticipates stable performance for the remainder of 2025, with expected growth opportunities in 2026 and beyond [3] - Future contracted rental revenue stood at CAD 152.6 million, a 9% increase from the comparative quarter [3][5] - Management remains optimistic about growth opportunities linked to infrastructure projects in Canada, which are expected to enhance utilization and rental rates [6][10] Capital Structure - Net debt as of June 30, 2025, was CAD 232.0 million, a 4% increase from December 31, 2024, with a net debt to trailing twelve months (TTM) adjusted leverage EBITDA ratio of 1.9x, below the target range of 2.0x to 3.0x [5][8] - The company completed a public offering of common shares, raising gross proceeds of CAD 42.4 million, enhancing liquidity to CAD 192.9 million [5][8] Strategic Initiatives - The company is focused on organic and inorganic growth opportunities, supported by its diversified rental platform [8][9] - A tuck-in acquisition of Spencer Group of Companies was completed, aimed at accelerating growth in the corporate travel management market [7]