Pason Systems Inc. (PSI) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

The contents of today's call are protected by copyright and may not be reproduced without the prior written consent of Payson Systems, Inc. Certain information about the company that is discussed on today's call may constitute forward-looking information. Additional information about Payson Systems, including the risk factors relevant to the company, can be found in its annual information form. Thank you. Good morning. My name is Andrew, and I will be your conference operator today. At this time, I'd like to welcome everyone to the Payson Systems, Inc.' 's third quarter 2025 earnings 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 during this time, please press star, then the number one on your telephone keypad. If you'd like to withdraw your question, please press the pound key. Thank you. Selene Boston, CFO. You may begin your conference. Thanks, Andrew. Good morning, everyone, and thank you for attending Paython's 2025 third quarter conference call. I'm joined on today's call by John Faber, our president and CEO. I'll start today's call with an overview of our financial performance in the third quarter. John will then provide a brief perspective on the outlook for the industry and for Paython, and we'll then take questions. PaySound's results in the third quarter of 2025 continues to demonstrate the resilience in our business model for very challenging industry conditions. PaySound generated consolidated revenue of $101 million and adjusted EBITDA of $38.5 million, or 38.1% of revenue in the third quarter of 2025. Inter-North American drilling segment. Canadian drilling activity increased through the third quarter as is seasonally...