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Pason Systems (TSE:PSI)
:PSI
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.26Last Year’s EPS
0.87Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: 2.66%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Neutral
Pason Systems demonstrated strong revenue growth and expansion in new segments despite industry challenges. However, the decline in EBITDA margins and free cash flow highlights some financial pressures. The overall sentiment is balanced with significant growth offset by margin and cash flow challenges.Company Guidance
In the fourth quarter of 2024, Pason Systems, Inc. reported consolidated revenue of CAD107.6 million, reflecting a notable increase from CAD93.3 million in the same period of 2023. The North American drilling segment saw a revenue per Industry Day of CAD1,046, a 5% rise compared to the previous year, despite a 3% drop in industry drilling activity. The completion segment, bolstered by the acquisition of Intelligent Wellhead Systems, generated CAD13.6 million in revenue with 26 active jobs and a revenue per IWS day of CAD5,668. Pason's solar and energy storage segment, led by Energy Toolbase, achieved a new quarterly record with CAD7.2 million in revenue, marking a 49% increase year-over-year. Overall, the company's adjusted EBITDA was CAD42.1 million, or 39.1% of revenue, with a noted increase in depreciation and amortization expenses to CAD13.9 million due to capital investments. Pason concluded the year with CAD81 million in total cash and no interest-bearing debt, underscoring its strong financial position and commitment to shareholder returns through dividends and share repurchases.Consolidated Revenue Growth
Pason generated CAD414 million in consolidated revenue for 2024, a 12% increase from 2023, despite a 10% decline in industry activity.
Completion Segment Expansion
The newly acquired Intelligent Wellhead Systems (IWS) completion segment generated CAD52.6 million in revenue in 2024, a 15% increase from 2023, outpacing the 10% decline in active frac spreads in the U.S.
Energy Toolbase Record Revenue
The solar and energy storage segment, Energy Toolbase, achieved a quarterly revenue of CAD7.2 million, a 49% increase from the comparative period in 2023.
Strong Net Income Growth
Net income for the fourth quarter of 2024 was CAD16.9 million, up from CAD8.5 million in the fourth quarter of 2023, along with CAD1.53 earnings per share for the year.
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TSE:PSI 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:PSI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | C$12.76 | C$12.18 | -4.55% |
| Nov 07, 2024 | C$14.44 | C$14.74 | +2.08% |
| Aug 07, 2024 | C$14.78 | C$14.22 | -3.79% |
| May 02, 2024 | C$15.38 | C$15.20 | -1.17% |
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 Pason Systems (TSE:PSI) report earnings?
Pason Systems (TSE:PSI) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Pason Systems (TSE:PSI) earnings time?
Pason Systems (TSE:PSI) earnings time is at May 01, 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:PSI EPS forecast?
TSE:PSI EPS forecast for the fiscal quarter 2025 (Q1) is 0.26.
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