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DIRTT Environmental Solutions (DRTTF)
OTHER OTC:DRTTF
RESEARCH TOOLSreports
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
<0.01Last Year’s EPS
0.01Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: 2.70%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive overall sentiment with strong financial performance indicators such as increased net income, improved cash position, and significant debt reduction. These were complemented by product innovation, operational efficiency, and a growing sales pipeline. However, challenges such as revenue decline, gross profit margin decrease, tariff risks, and ongoing litigation present notable concerns.Company Guidance
In the fourth quarter of 2024, DIRTT Environmental Solutions reported revenues of $48.9 million, marking a 4% decrease from the same period in 2023, primarily due to a higher volume of large project completions in the previous year. Despite this, the company maintained a strong gross profit margin, which decreased slightly from 37.8% in Q4 2023 to 35.9% in Q4 2024, partially due to a $0.7 million inventory provision. The net income after tax was $4 million, up from $1 million in the prior year, aided by a $2.6 million increase in foreign exchange gains and a $0.8 million decrease in interest expense. The adjusted EBITDA for Q4 2024 was $5.5 million, an increase from $4.3 million in Q4 2023. Operating expenses were reduced by $2 million to $15.3 million, attributed to decreases in salaries, benefits, and infrastructure costs. The company's cash position improved, with unrestricted cash at $29.3 million by the end of the quarter, and working capital improvements were noted, including a reduction in inventory to $15.1 million. DIRTT's 12-month forward sales pipeline grew to $278 million, despite a $22.9 million phasing adjustment. The company highlighted the risk of a 25% tariff on Canadian imports to the U.S. but noted strategic flexibility due to its dual presence in both countries.Annual Revenue and Adjusted EBITDA
DIRTT ended 2024 with annual revenue and adjusted EBITDA on the higher end of guidance provided in the second quarter of 2024.
Net Income Increase
Net income after tax for the fourth quarter of 2024 was $4 million compared to $1 million for the same period of 2023.
Improved Cash Position
The quarter finished with $29.3 million in unrestricted cash, up from $24.7 million at December 31, 2023.
Debt Reduction
Reduced long-term debt from $56.1 million at December 31, 2023 to $22.4 million at December 31, 2024.
Product Innovation and Partnerships
Launched 'The COVE', earning significant industry recognition, and joined the Siemens Xcelerator program for digital transformation.
Operational Efficiency and Safety
Achieved on-time and full delivery performance of 99.1%, and a total recordable incident rate of 0.82, 80% below the industry average.
Sales Pipeline Growth
12-month forward sales pipeline at January 1, 2025 was $278 million, an increase compared to $270 million at January 1, 2024.
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DRTTF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DRTTF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $0.74 | $0.78 | +5.41% |
| Nov 06, 2024 | $0.67 | $0.63 | -5.97% |
| Aug 07, 2024 | $0.49 | $0.51 | +4.08% |
| May 08, 2024 | $0.59 | $0.55 | -6.78% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does DIRTT Environmental Solutions (DRTTF) report earnings?
DIRTT Environmental Solutions (DRTTF) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is DIRTT Environmental Solutions (DRTTF) earnings time?
DIRTT Environmental Solutions (DRTTF) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DRTTF EPS forecast?
DRTTF EPS forecast for the fiscal quarter 2025 (Q1) is <0.01.
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