From GlobeNewswire: 2025-05-01 16:30:00

Black Diamond Group Limited reported a profit of $5.8 million for the first quarter, a 287% increase from the same period last year. Consolidated rental revenue was $37.8 million, up 8%, with $161.6 million in contracted future rental revenue. Modular Space Solutions saw record rental revenue of $25.5 million, a 19% increase, driven by higher rates and unit availability.

Workforce Solutions revenue rose 45% to $52.9 million, with Adjusted EBITDA of $12.8 million and a 36% Return on Assets. LodgeLink sold 123,570 room nights, up 7%, with net revenue reaching $2.7 million. The company’s ERP upgrade project remains on track, with a go-live expected in the first half of 2026.

The MSS segment continues to show strong performance, with a record rental revenue of $25.5 million and contracted future rental revenue increasing to $122.5 million. WFS revenue and Adjusted EBITDA increased, driven by sales and lodge services growth. LodgeLink also saw increased room nights sold and net revenue.

Black Diamond continues to reinvest in growth initiatives, returning $2.8 million to shareholders through share repurchases and paying over $2.1 million in dividends. The company remains confident in its ability to generate Free Cashflow, supported by $161.6 million in contracted future rental revenue. The business expects continued rental revenue growth.

Adjusted EBITDA, Funds from Operations, Free Cashflow, Net Debt, Gross Bookings, and Net Revenue Margin are used as non-GAAP financial measures. Return on Assets, Net Debt to TTM Adjusted Leverage EBITDA, and Gross Profit Margin are non-GAAP ratios. These measures provide a comprehensive overview of the company’s financial performance and operational efficiency.

Black Diamond will hold a conference call and webcast on May 2, 2025, to discuss its financial results. CEO Trevor Haynes and CFO Toby LaBrie will provide insights and answer questions from investors and analysts. The company’s unaudited interim financial statements are available on the SEDAR+ website.



Read more at GlobeNewswire:: Black Diamond Reports Robust First Quarter 2025 Results and