Business
Dexterra Group Inc. Announces Results for Q1 2026
Toronto, Ontario--(Newsfile Corp. - May 6, 2026) - Dexterra Group Inc. (TSX: DXT) Highlights...
About this update from Dexterra Group, Inc.
[{"type":"text","content":"Dexterra Group Inc. Announces Results for Q1 2026Toronto, Ontario--(Newsfile Corp. - May 6, 2026) - Dexterra Group Inc. (TSX: DXT) HighlightsDexterra delivered a strong start to the year generating consolidated revenue of $275.5 million in Q1 2026, compared to $239.7 million for the same period in 2025, with the revenue increase driven by strong camp occupancy, organic growth, and new camp additions related to the acquisition of Right Choice Camps and Catering Ltd. (\"Right Choice\") in Q3 2025.Adjusted EBITDA for the quarter was $33.3 million (2025 - $25.2 million), an increase of 32.3% compared to Q1 2025 reflecting profitable revenue growth, increased Asset Based Services margins due to business mix, and contributions from our investment in Pleasant Valley Corporation (\"PVC\") of $1.5 million. Free Cash Flow (\"FCF\") for Q1 2026 was $1.0 million ($1.2 million in Q1 2025), including the payment of $6.7 million in Long-term incentive plan (\"LTIP\") amounts in Q1 2026 (Q1 2025 - $0.9 million).Net earnings were $13.6 million in Q1 2026, compared to $8.6 million in Q1 2025, including insurance recoveries of $4.7 million after-tax related to a fire at one of the Corporation's camps. Adjusted net earnings were $12.1 million and Adjusted EPS was $0.19 in Q1 2026, compared to $11.0 million and $0.18, respectively, in Q1 2025. Our operations delivered a return on equity of 15.9% (Q1 2025 - 15.1%) on a trailing twelve month basis.The Board has approved the extension of the NCIB program as of May 6, 2026, subject to TSX approval. This will allow the Corporation to opportunistically repurchase up to approximately 3 million shares in the period from May 23, 2026 to May 22, 2027.Dexterra declared a dividend for Q2 2026 of $0.10 per share for shareholders of record at June 30, 2026, to be paid on July 15, 2026.This news release contains certain measures and ratios, such as Adjusted EBITDA, Adjusted EBITDA as a % of revenue, Adjusted net earnings, Adjusted EPS, FCF, and Return on Equity that do not have any standardized meaning as prescribed by GAAP and, therefore, are considered non-GAAP measures. The method of calculating these measures may differ from other entities and accordingly, may not be comparable to measures used by other entities. See \"Non-GAAP measures\" and \"Reconciliation of Non-GAAP measures\" of the Corporation's MD&...