GDI's third-quarter performance showcased strong results in revenue growth and technical services, debt reduction, and backlog improvements. However, challenges remain with organic revenue decline, Business Service USA struggles, and delays in Atalian integration.

Company Guidance

During the GDI Integrated Facility Services Q3 2024 earnings call, several key metrics were highlighted. The company reported a quarterly revenue of $640 million, marking a 4% increase over the same period last year, mainly driven by a 5% growth from acquisitions and a 1% benefit from currency exchange, though it faced a 2% organic decline. Adjusted EBITDA for the quarter was $39 million, consistent with Q3 2023 and $5 million higher than Q2 2024. Year-to-date revenue rose by $108 million or 6%, reaching $1.9 billion, although adjusted EBITDA decreased by $6 million or 6% compared to the same period in 2023. The Business Service Canada segment generated $145 million in revenue, with an 8% adjusted EBITDA margin, while the Business Service USA segment's revenue was $222 million, reflecting a 37% increase due to acquisitions, despite a 1% organic decline. The Technical Service segment reported $264 million in revenue and a strong adjusted EBITDA margin of 8%, marking its strongest quarter since acquiring Ainsworth in 2015, while the Corporate and Other segment showed a decrease in revenue due to the sale of a distribution and retail business. The company also noted a reduction in net debt by $41 million, supported by a $25 million reduction in operating working capital.

Revenue Growth

GDI recorded revenue of $640 million, an increase of $25 million or 4% over Q3 of last year, with contributions from acquisitions and currency appreciation.

Technical Service Segment Performance

The Technical Service segment delivered strong results with an adjusted EBITDA margin of 8%, the highest recorded since the acquisition of Ainsworth in 2015.

Debt Reduction

GDI reduced its net debt by $41 million through strong free cash flow generation and a reduction of $25 million in operating working capital.

Backlog and Margin Improvement

The backlog remained near record levels with an average margin increase of 100 to 200 basis points. Service revenue at Ainsworth also grew during the quarter.

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GDI Integrated (TSE:GDI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:GDI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 08, 2018	2018 (Q2)	- / 0.16	0.14	14.29% (+0.02)	―	―
Nov 07, 2018	2018 (Q3)	- / 0.20	0.17	17.65% (+0.03)	―	―
Feb 28, 2019	2018 (Q4)	- / 0.17	0.17	0.00% (0.00)	―	―
May 09, 2019	2019 (Q1)	- / 0.07	0.07	0.00% (0.00)	―	―
Aug 08, 2019	2019 (Q2)	- / 0.10	0.16	-37.50% (-0.06)	―	―
Nov 07, 2019	2019 (Q3)	- / 0.19	0.2	-5.00% (-0.01)	―	―
Feb 27, 2020	2019 (Q4)	- / -0.04	0.17	-123.53% (-0.21)	―	―
May 07, 2020	2020 (Q1)	- / 0.20	0.07	185.71% (+0.13)	―	―
Aug 06, 2020	2020 (Q2)	- / 0.63	0.1	530.00% (+0.53)	―	―
Nov 11, 2020	2020 (Q3)	- / 0.59	0.19	210.53% (+0.40)	―	―

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:GDI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 12, 2024	C$36.20	C$36.93	+2.02%
Aug 07, 2024	C$35.48	C$34.75	-2.06%
May 09, 2024	C$37.14	C$37.18	+0.11%
Feb 29, 2024	C$39.35	C$36.90	-6.23%

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 GDI Integrated SV J (TSE:GDI) report earnings?

GDI Integrated SV J (TSE:GDI) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.

What is GDI Integrated SV J (TSE:GDI) earnings time?

GDI Integrated SV J (TSE:GDI) earnings time is at Feb 26, 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:GDI EPS forecast?

TSE:GDI EPS forecast for the fiscal quarter 2024 (Q4) is 0.2.

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