Black Diamond Group Ltd (OTCPK:BDIMF)

Q2 2026 Black Diamond Group Ltd Earnings Call Transcript

Jul 31, 2026 / 03:00 PM GMT

Release Date Price: $12.53 (-2.79%)

Transcript

Key Points

Positve

Consolidated revenue increased 23% year-over-year to $129.2 million, driven by strength in recurring rental and lodging revenue streams.
LodgeLink delivered a record-breaking quarter with total trade value increasing 69% to $43.5 million and net revenue up 64% to $5.4 million.
The successful implementation of the new ERP system for MSS and corporate divisions was completed on time and on budget, positioning the business for scalable growth.
WFS has a substantial bid pipeline of over $2 billion in Canada alone, representing more than two times the company's current available fleet capacity.
The company maintains a strong balance sheet with net debt at 2.4 times trailing 12-month adjusted EBITDA, comfortably within its target range of two to three times.
MSS rental revenue grew 8% with healthy utilization at 77.9%, and average monthly rental rates increased 3%.

Negative

Adjusted EPS decreased to $0.09 from $0.18 in the comparative quarter, due to lower margins from a shift in revenue mix towards more lodging revenue.
Consolidated adjusted EBITDA margin moderated due to the increased contribution from large services revenue, including catering and hospitality, which has lower margins than core rental businesses.
WFS sales revenue declined 70% due to the strategic decision to preserve fleet capacity rather than opportunistically monetize assets through used fleet sales.
The company recorded a $3.6 million charge to income related to retroactive BC sales tax assessments, which it is challenging through an appeal process.
MSS sales revenue declined 18%, driven primarily by softer custom sales due to typical sales activity variability and funding uncertainty within the education sector.
Working capital was impacted during the quarter by temporary delays in billing and collections due to the ERP go-live, though these impacts were anticipated.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BDI.TO - Black Diamond Group Ltd
Q2 2026 Black Diamond Group Ltd Earnings Call
Jul 31, 2026 / 03:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Ladies and gentlemen, thank you for standing by. My name is Elaine and I will be your conference operator for today.

At this time, I would like to welcome everyone to Black Diamond Group's second quarter 2026 results.

I'd like to remind everyone that 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. And if you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad to raise your hand and enter the queue.

If you would like to withdraw your question, press star one again.

Thank you.

I will now turn the call over to Emma

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.