Black Diamond Group Limited (BDI) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, thank you for standing by. My name is Krista and I will be your conference operator today. At this time, I would like to welcome you to the Black Diamond fourth quarter and year end 2025 results conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question at that time, simply press star then the number one on your telephone keypad. And if you'd like to withdraw that question, again, press star one. Thank you. I would now like to turn the conference over to Emma Coveden, Vice President, Investor and Stakeholder Relations. Emma, please go ahead. Thank you. Good morning and welcome to Black Diamond Group's fourth quarter and full year 2025 results conference call. With me this morning, we have Chief Executive Officer Trevor Haines, Chief Financial Officer Toby Labrie, Chief Operating Officer of Modular Space Solutions, Ted Redman, Chief Operating Officer of Workforce Solutions, Mike Ridley, and President of Royal Camp Services, John Warren. Please be reminded that our discussions today may include forward-looking statements regarding Black Diamond's future results and that such statements are subject to a number of risks and uncertainties. Actual financial and operational results may differ materially from these forward-looking expectations. Management may also make reference to various non-GAAP financial measures in today's call, such as adjusted EBITDA or net debt. For more information on these terms and others, please review the sections of Black Diamond's fourth quarter 2025 management discussion and analysis entitled Forward-Looking Statements, Risks and Uncertainties, and Non-GAAP Financial Measures. This quart...