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Firan Tech (TSE:FTG)
TSX:FTG
Earnings Data
Report Date
Apr 09, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.03Last Year’s EPS
0.04Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: -2.00%
|Next Earnings Date:Apr 09, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted FTG's strong financial performance in 2024, with record revenue and significant growth in adjusted EBITDA. Successful integration of acquisitions and key contract wins were notable achievements. However, challenges such as margin compression, a decrease in Boeing deliveries, potential tariff impacts, and work stoppages were also acknowledged. Despite these challenges, the company's strategic actions and market positioning are expected to drive future growth.Company Guidance
During the FTG Fourth Quarter 2024 Analyst Call, Brad Bourne, President and CEO, highlighted the company's strong financial performance, with Q4 revenues reaching $45.2 million, contributing to a record year-end sales total of $162.1 million, a 20% increase over the previous year. Key metrics included a 25% rise in total bookings to $184.5 million, a 26% increase in year-end backlog to $122.4 million, and adjusted EBITDA growth of 33%, reaching $25.8 million. Adjusted net earnings soared by 47% to $10.3 million. The company's balance sheet remained robust, ending the year with net debt of $0.7 million after significant investments. FTG's strategic focus on acquisitions, such as the integration of Circuits Minnetonka and Circuits Haverhill, alongside securing a $17 million contract for COMAC's C919 aircraft, were pivotal in driving growth. The aerospace market dynamics, with Airbus and Boeing's production plans, alongside the company's strategic initiatives, including a new facility in India and the acquisition of FLYHT, underpin FTG's long-term growth trajectory.Record-Breaking Revenue and Growth
FTG achieved a record year with Q4 revenues totaling $45 million and full-year sales exceeding $162 million, marking a 20% increase over 2023. Total bookings reached $184.5 million, a 25% increase, and the year-end backlog rose by 26%.
Significant Increase in Adjusted EBITDA
Adjusted EBITDA increased by 33% to $25.8 million from $19.4 million in 2023, driven by higher sales volumes and operational improvements.
Notable Contract Win
FTG secured a $17 million contract to supply cockpit interface assemblies for COMAC's C919 aircraft, with production spanning from late 2024 through 2026.
Successful Integration of Acquisitions
The 2023 acquisitions showed improvements in throughput, pricing, and cost savings, with Circuits Minnetonka achieving a 16% revenue growth.
Strong Performance in Aerospace and Circuits Segments
Sales in the Aerospace business increased by 3% and the Circuits segment by 28% year-over-year, with strong contributions from acquisitions and organic growth.
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TSE:FTG 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:FTG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 19, 2025 | C$8.49 | C$8.68 | +2.24% |
| Oct 09, 2024 | C$6.10 | C$6.67 | +9.34% |
| Jul 10, 2024 | C$5.92 | C$6.22 | +5.07% |
| Apr 11, 2024 | C$5.64 | C$5.65 | +0.18% |
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 Firan Tech (TSE:FTG) report earnings?
Firan Tech (TSE:FTG) is schdueled to report earning on Apr 09, 2025, TBA Not Confirmed.
What is Firan Tech (TSE:FTG) earnings time?
Firan Tech (TSE:FTG) earnings time is at Apr 09, 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:FTG EPS forecast?
TSE:FTG EPS forecast for the fiscal quarter 2025 (Q1) is 0.03.
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