Canada · Delayed Price · Currency is CAD Badger Infrastructure Solutions Earnings Call Transcripts
Fiscal Year 2025
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Record 2025 revenue and EBITDA growth were driven by strong demand and operational efficiency, with robust outlook for 2026 supported by fleet expansion, new service lines, and continued capital returns. Tariff risks and inflation are being actively managed.
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Q3 saw record revenue of $237.3M, up 13% year-over-year, with adjusted EBITDA margin rising to 28.2%. Strong demand in infrastructure and data center markets drove growth, while capital spend guidance was raised to support fleet expansion and market opportunities.
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Record Q2 revenue and double-digit profit growth driven by strong demand, improved fleet utilization, and operational efficiencies. Data center projects now rival oil and gas in revenue contribution, and margin expansion is supported by technology initiatives and disciplined cost control.
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Record Q1 results with 7% revenue growth and 16% adjusted EBITDA increase, driven by strong demand and operational efficiency. Fleet grew 9% year-over-year, and the company remains well positioned for 2025 with stable margins and proactive tariff management.
Fiscal Year 2024
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Record annual revenue and margin expansion were driven by strong U.S. growth and effective pricing, while Canadian operations showed signs of recovery amid ongoing tariff and political uncertainties. Capital allocation remains disciplined, with increased dividends and continued share repurchases.
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Q3 revenue rose 7% year-over-year, driven by strong U.S. growth, while Canadian revenue fell 12% but is expected to recover in 2025. Adjusted EBITDA margin improved to 27.8%, and the company maintained a strong balance sheet with 1.5x leverage.
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Revenue grew 9% to $186.8M, led by U.S. strength, while Canadian revenue fell 19% due to project delays. Adjusted EBITDA rose 14% with margin improvement, and a new data analytics platform is set to drive future gains. Leverage remains low, supporting both fleet growth and share buybacks.