Welcome to our dedicated page for Dirtt Environmental Solutions news (Ticker: DRTTF), a resource for investors and traders seeking the latest updates and insights on Dirtt Environmental Solutions stock.
DIRTT Environmental Solutions Ltd. (DRTTF) is described as a leader in industrialized construction, combining physical products and digital tools to deliver adaptable interior environments. The company’s news flow reflects its focus on technology-enabled manufacturing, transformation initiatives, and activity across workplace, healthcare, education, and public sector markets.
Recent news releases highlight a range of developments, from executive leadership changes and new board roles to financing arrangements and capital structure actions. DIRTT has reported the departure of its President and Chief Operating Officer and the creation of a Chief Technology Officer role, emphasizing the central role of technology and its proprietary ICE software in design, manufacturing, and delivery processes.
Operational updates in the news include the early termination of a long-term lease for a former Rock Hill, South Carolina manufacturing facility and the consolidation of capacity into Calgary facilities. The company has also reported multi-facility manufacturing operations across North America, including specialized facilities in Calgary and a major production plant in Savannah, Georgia.
On the commercial side, DIRTT’s news has featured project wins and order activity across multiple sectors, including projects with clients such as Visa, Bechtel Corporation, PGA Superstore, ExxonMobil, LinkedIn, and Canada Pension Plan Investment Board, as well as healthcare projects in Texas and Ohio. Financial updates include quarterly results, commentary on tariffs and transformation costs, and announcements related to normal course issuer bids and a financing commitment from the Business Development Bank of Canada.
Investors and observers can use this news feed to follow DIRTT’s transformation efforts, leadership changes, financing decisions, and project pipeline developments as disclosed through its official releases.
DIRTT Environmental Solutions (TSX: DRT, OTC: DRTTF) has secured the #1 position in Manufacturing on Fast Company's World's Most Innovative Companies of 2025 list. The recognition highlights DIRTT's revolutionary approach to industrialized construction, combining advanced technology with precision manufacturing.
At the core of DIRTT's innovation is ICE®, their proprietary design and manufacturing software, which enables seamless project execution from concept to completion. The company's technology-driven methodology addresses traditional construction challenges by offering faster, more precise, and less wasteful solutions for various sectors including healthcare, education, commercial offices, and life sciences.
CEO Benjamin Urban emphasizes the company's vision to transform construction practices, particularly as the industry faces increasing demand for adaptable, intelligent solutions. DIRTT's approach ensures real-time customization, efficient production, and precise installation for dynamic environments.
DIRTT Environmental Solutions reported Q4 2024 financial results with revenue of $48.9M, down 4% year-over-year but up 13% quarter-over-quarter. Annual revenue reached $174.3M, meeting guidance of $165-175M. Net income improved to $4.0M (8.3% margin) from $1.0M in Q4 2023, while Adjusted EBITDA rose to $5.5M (11.2% margin).
The company announced a normal course issuer bid for up to 7.5M common shares and completed a share repurchase of 3.9M shares from NGEN at $0.80 per share. DIRTT extended its credit facility with RBC to November 2025, increasing the borrowing base to C$25M. The company maintains strong liquidity of $39.3M as of December 2024.
A trial date of February 2, 2026, has been set for DIRTT's litigation against Falkbuilt in Alberta, pursuing damages potentially exceeding $50M. The company implemented a 5% price increase effective March 18, 2025, responding to rising raw material costs.
DIRTT Environmental Solutions (TSX: DRT; OTC: DRTTF), a leader in industrialized construction, announced the release of its fourth quarter 2024 financial results on Wednesday, February 26, 2025, after markets close.
In conjunction with the release, the executive team will hold a conference call to discuss the results. The call will be broadcast live via webcast on Thursday, February 27, 2025, at 8:00 a.m. MST (10:00 a.m. EST). The call will be hosted by Benjamin Urban, CEO, and Fareeha Khan, CFO. A webcast replay will be available on the company's website at dirtt.com/investors.
DIRTT Environmental Solutions (TSX: DRT; OTC: DRTTF) has announced a share repurchase agreement with NGEN III, LP to buy back 3,920,844 common shares at USD$0.80 per share, representing a discount to current market price. After the transaction, DIRTT will have 189,643,903 outstanding common shares, and NGEN will exit its position completely.
The repurchase will be funded using available cash previously allocated for share repurchases under the NCIB program. The company affirms it remains well-positioned to fund ongoing strategic initiatives through cash on hand, operating cash flows, and available financing facilities.
A Special Committee of independent directors oversaw the transaction, with KPMG providing a fairness opinion confirming the deal terms are financially fair to DIRTT. Following the repurchase, the company's outstanding NCIB Annual Limit will be 3,422,494 shares.
DIRTT Environmental Solutions (TSX: DRT; OTC: DRTTF) provided an update on its litigation against Falkbuilt, Smed, and Loberg. On February 5, 2025, the U.S. District Court for the Northern District of Utah dismissed DIRTT's case based on forum non conveniens, determining that Canada is the appropriate venue for the legal proceedings.
The Utah Court found that since DIRTT Environmental Solutions owns the trade secrets in question, and any resulting injury would affect the Canadian company, the claims should be pursued in Canada. The Court of King's Bench of Alberta has scheduled an 8-week trial from February 2 to March 27, 2026, where DIRTT will pursue damages potentially exceeding $50,000,000 for losses suffered in Canada, the United States, and abroad.
DIRTT Environmental Solutions has announced a normal course issuer bid (NCIB) approved by the Toronto Stock Exchange, allowing the company to repurchase up to 7,515,233 common shares (3.89% of outstanding shares) between December 20, 2024, and December 19, 2025. Daily purchases will be to 14,739 shares, approximately 25% of the average daily trading volume. The company will make purchases at market prices through TSX and alternative Canadian trading systems, with acquired shares being immediately cancelled.
DIRTT plans to implement an issuer repurchase plan agreement (IRPA) and automatic repurchase plan agreement (ARPP) to facilitate purchases during blackout periods. The company has not purchased any common shares under a NCIB in the past 12 months but has recently purchased debentures under a separate NCIB program.
DIRTT Environmental Solutions has appointed Holly Hess Groos to its Board of Directors and as Chair of the Audit Committee, effective November 26, 2024. Groos, a senior financial executive with a 30-year career at Verizon, held various leadership positions including CFO of Verizon Wireless, Head of Internal Audit, SVP Business Excellence, and Treasurer. Scott Robinson will step down as Audit Committee Chair but continue as Board Chair. Groos brings extensive financial experience and operational transformation expertise to support DIRTT's growth strategy.
DIRTT Environmental Solutions reported Q3 2024 financial results with revenue of $43.4 million, down 12% year-over-year. Despite lower revenue, the company achieved improved gross profit margin of 38.8% compared to 34.4% in Q3 2023. Net income was $7.1 million versus a net loss of $6.3 million in the prior year period. Adjusted EBITDA was $4.1 million (9.4% of revenue), down from $5.3 million (10.6% of revenue) in Q3 2023. The company maintained its 2024 revenue guidance of $165-175 million and Adjusted EBITDA guidance of $12-15 million.
DIRTT Environmental Solutions (TSX: DRT; OTC: DRTTF), a leader in industrialized construction, has announced that it will release its third quarter 2024 financial results on Wednesday, November 6th, 2024, after markets close. The company will host a conference call and webcast to discuss the results on Thursday, November 7th, 2024, at 8:00 a.m. MST (10:00 a.m. EST).
The call will be led by Benjamin Urban, Chief Executive Officer, and Fareeha Khan, Chief Financial Officer. Investors and interested parties can access the live webcast through a link provided by the company. A replay of the webcast will be available on DIRTT's website in the investor section.
DIRTT Environmental Solutions (TSX: DRT) (OTC: DRTTF) has been awarded the Industrialized Construction Maturity Assessment (ICMA) Platinum Medallion from Industrialized Construction Group (ICG). This recognition is the highest achievement in ICG's new program designed to acknowledge outstanding performance in industrialized construction.
The ICMA Platinum Medallion is awarded to companies that score in the top one percent of ICG's comprehensive assessment, which evaluates performance across various aspects of industrialized construction. This achievement reflects DIRTT's industry leadership, manufacturing excellence, strategic integration, design excellence, and exemplary ESG standards.
DIRTT's CEO, Benjamin Urban, stated that this recognition not only honors their dedication to excellence but also provides a valuable roadmap for continuous improvement and innovation in the industry.
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