Business
Black Diamond Reports Robust First Quarter 2025 Results and Declares Dividend
CALGARY, Alberta, May 01, 2025 (GLOBE NEWSWIRE) -- Black Diamond Group Limited ("Black Diamond", ...
About this update from Black Diamond Group Limited
[{"type":"text","content":"Black Diamond Reports Robust First Quarter 2025 Results and Declares Dividend\n\n\n\n CALGARY, Alberta, May 01, 2025 (GLOBE NEWSWIRE) -- Black Diamond Group Limited (\"Black Diamond\", the \"Company\" or \"we\"), (TSX:BDI, OTCQX:BDIMF), a leading provider of space rental and workforce accommodation solutions, today announced its operating and financial results for the three months ended March 31, 2025 (the \"Quarter\") compared with the three months ended March 31, 2024 (the \"Comparative Quarter\"). All financial figures are expressed in Canadian dollars.\n \n\n\n Key Highlights from the Quarter\n \n\n\n\n Profit for the Quarter of $5.8 million increased 287% from the Comparative Quarter. Basic earnings per share of $0.10 increased 400% from the Comparative Quarter.\n \n\n\n\n Consolidated rental revenue of $37.8 million increased 8% from the Comparative Quarter. The Company's consolidated contracted future rental revenue at the end of the Quarter was $161.6 million, up $24.5 million or 18% from the end of the Comparative Quarter.\n \n\n\n\n Consolidated Adjusted EBITDA\n \n 1\n \n of $26.5 million was up 37% from the Comparative Quarter.\n \n\n\n\n Return on Assets\n \n 1\n \n of 17.4% improved 310 basis points from the Comparative Quarter and represents an attractive return profile given the long-life and low maintenance characteristics of the Company’s rental assets.\n \n\n\n\n Modular Space Solutions (\"MSS\") rental revenue of $25.5 million was a first quarter record and increased 19% from $21.5 million in the Comparative Quarter, due to increased average monthly rental rates and increased units for rent. Sales revenue of $11.5 million and non-rental revenue of $12.3 million increased 77% and 37%, respectively. Average monthly rental rate per unit increased 11% from the Comparative Quarter.\n \n\n\n\n MSS value-added products and services revenue for the Quarter of $2.0 million was up 18% from the Comparative Quarter.\n \n\n\n\n Workforce Solutions (\"WFS\") revenue of $52.9 million increased 45% from the Comparative Quarter. The increase was driven by higher sales, lodge services and non-rental revenue that increased 153%, 73% and 53%, respectively.\n \n\n\n\n LodgeLink total room nights sold increased 7%. Net revenue of $2.7 million increased 4% from the Comparative Quarter.\n \n\n\n\n Funds from Operati...