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Dexterra Group (TSE:DXT)
TSX:DXT
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Earnings Data
Report Date
Mar 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.14Last Year’s EPS
0Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2018
|% Change Since: 25.40%
|Next Earnings Date:Aug 03, 2018
Earnings Call Sentiment|Positive
The earnings call presented a strong performance in revenue growth, particularly in the IFM segment, and a positive financial position. The strategic divestiture of the Modular Solutions business and focus on organic growth and potential acquisitions are promising. However, challenges such as decreased adjusted EBITDA and the impact of a normalized wildfire season were noted. Inflationary labor costs remain a concern that the company is actively managing.Company Guidance
During the Q3 2024 earnings call for Dexterra Group, management provided a comprehensive overview of the company's performance and strategic priorities. The company's consolidated revenue for Q3 was $269.7 million, marking a 1.5% increase compared to Q3 2023, and a 6.4% increase from Q2 2024. Adjusted EBITDA for the quarter was $32 million, down from $38.2 million in Q3 2023, but up from $29.3 million in Q2 2024. Key drivers included strong market activity, new long-term contracts in the WAFES segment, and the positive impact of the CMI acquisition in the IFM segment. IFM revenue grew by over 25% year-over-year, with adjusted EBITDA margins improving to 6.2%. The WAFES segment reported revenues of $170.1 million, with an adjusted EBITDA margin of 18.7%. Free cash flow improved to $11.9 million, up from $10.2 million in Q3 2023. Management remains focused on maintaining a strong balance sheet, with debt reduced to approximately 1x adjusted EBITDA, and plans for continued share buybacks under the NCIB program. The company declared a Q4 dividend of $0.0875 per share, reinforcing its commitment to returning capital to shareholders.Strong IFM and WAFES Performance
Generated strong results across IFM and WAFES businesses, driven by strong execution and operational excellence. Revenue in Q3 was $269.7 million, a 1.5% increase from Q3 2023 and a 6.4% increase from Q2 2024.
IFM Revenue Growth
IFM experienced a revenue growth of over 25% compared to the same quarter last year, primarily due to the acquisition of CMI and new contracts.
Positive Financial Position
Free cash flow improved to $11.9 million in Q3 2024 from $10.2 million in Q3 2023. Debt decreased to approximately 1x adjusted EBITDA, from $140 million at Q2 2024 to $102 million.
Strategic Focus on Organic Growth and Acquisitions
Continued focus on organic growth, anticipated at 6% on an annualized basis for 2024, and potential acquisitions to expand capability and scale in the IFM business.
Successful Divestiture of Modular Solutions
Closed the sale of the Modular Solutions business, simplifying the business model and enhancing the reliability of operating results.
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TSE:DXT 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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TSE:DXT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | C$6.18 | C$6.18 | 0.00% |
| Aug 06, 2024 | C$5.76 | C$5.69 | -1.22% |
| May 14, 2024 | C$5.48 | C$5.20 | -5.11% |
| Mar 07, 2024 | C$5.90 | C$5.66 | -4.07% |
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 Dexterra Group (TSE:DXT) report earnings?
Dexterra Group (TSE:DXT) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.
What is Dexterra Group (TSE:DXT) earnings time?
Dexterra Group (TSE:DXT) earnings time is at Mar 05, 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 TSE:DXT EPS forecast?
TSE:DXT EPS forecast for the fiscal quarter 2024 (Q4) is 0.14.
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