Direcional Engenharia SA (BSP:DIRR3)

Q1 2026 Direcional Engenharia SA Earnings Call Transcript

May 12, 2026 / 12:30 PM GMT

Release Date Price: R$13.3 (+3.50%)

Transcript

Key Points

Positve

Direcional Engenharia SA (BSP:DIRR3) achieved record gross sales, growing 29% compared to the first quarter of the previous year.
The company reported a record gross margin of 42.9% after adjustments for financing rates.
Net profit reached BRL 213 million, even after significant dividend payments and the sale of a 15% stake in a subsidiary.
The company closed the quarter with an annualized ROE of 38%, which is considered a benchmark in the industry.
Direcional Engenharia SA (BSP:DIRR3) has a strong inventory position, allowing flexibility in pricing to maintain margins in an inflationary environment.

Negative

The company began the year with a higher leverage level due to dividend payments, leading to increased financial expenses.
There is concern about the potential impact of rising oil prices on construction costs, although this has not yet materialized.
Cancellations increased in some states due to the non-delivery of expected subsidies, impacting sales.
The company faces challenges in maintaining sales speed amidst potential cost increases.
There is a need for continued vigilance in managing inflationary pressures, particularly in the context of rising INCC and its impact on costs.

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

DIRR3.SA - Direcional Engenharia SA
Q1 2026 Direcional Engenharia SA Earnings Call
May 12, 2026 / 12:30PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Good morning, everybody. Welcome to our earnings release of the first Q26 .

Welcome to our investors, market analysts that follow-up on us and all the participants. Of this conference. I'm here with Ricardo Concigo, CEO, and Paolo So, CFO and Director of Investors Relations. This goes to analysts, market analysts. We're going to show you the main results of the quarter, and then we're going to have our questions and answers session. We would like investors and analysts that would like to pose their questions, please use your raise your hand tools so that we can unmute you when you ask your questions. We're also live in the YouTube, the JDSNL channel.

You can see it in our IR site and you have the link to

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...

30-Day 100% money back guarantee

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.