Calian Group Ltd. (CGY) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to the Calean Group Second Quarter 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, we'll open up for questions. To ask a question during a session, you will need to press Star 1-1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press Star 1-1 again. Please be advised that today's call is being recorded. I would now like to hand it over to your first speaker today, Jennifer McCauley, Director of Investor Relations. Please go ahead. Thank you, Victor, and good morning, everyone. Thank you for joining us for Calion's Q2 2025 conference call. Presenting this morning are Kevin Ford, Chief Executive Officer, and Patrick Houston, Chief Financial Officer. They will review our Q2 results and discuss future growth opportunities for Calion. As noted on slide two, Please be advised that certain information discussed today is forward-looking and subject to important risks and uncertainties. The results predicted in these statements may be materially different from actual results. As a reminder, all amounts are expressed in Canadian dollars except as otherwise specified. With that, let me turn the call over to Kevin. Thank you, Jennifer, and good morning. Let me begin by recognizing that our Q2 results fell short of expectations. While this is disappointing, it's important to highlight that the shortfall is primarily limited to headwinds in our ITCS segments. The rest of the business continues to demonstrate resilience and performance in uncertain times. Notably, our overall defense business, which remains a high growth area and a strategic priority for us, is performing well, giving us...