Dexterra Group Inc Stock Price, News & Analysis

Dexterra Group reported strong financial results for 2024, with consolidated revenue reaching $1.0 billion, an 8.1% increase from 2023. The company's Q4 2024 revenue was $247.8 million, up by $16.6 million compared to Q4 2023.

Key financial highlights include:

• Adjusted EBITDA from continuing operations at $107.4 million in 2024
• Support Services achieved record EBITDA of $74.1 million, up 36.8%
• Free Cash Flow improved to $74.7 million, with 69.5% EBITDA conversion
• Net earnings from continuing operations reached $37.5 million
• Earnings per share increased to $0.58 in 2024 from $0.55 in 2023

The company continued its share buyback program, purchasing 1,177,100 shares at an average price of $6.72. A Q1 2025 dividend of $0.0875 per share was declared, payable April 15, 2025.

Dexterra Group Inc. (TSX: DXT) has announced it will release its Q4 2024 financial results on March 6, 2025, after market close. The company will host a conference call and webcast on March 7, 2025, at 8:30 a.m. Eastern Time to discuss the results.

A presentation will be available on the company's website prior to the call. Investors can access the conference call via dial-in number 1-844-763-8274 or watch the live webcast through Dexterra's website. An archived recording will be available until April 6, 2025, using dial-in number 1-855-669-9658 with passcode 3578869.

Dexterra Group reported Q3 2024 results with consolidated revenue of $269.7 million, up 1.5% from Q3 2023. Adjusted EBITDA was $32.0 million, compared to $38.2 million in Q3 2023. Free Cash Flow improved to $11.9 million, up from $10.2 million last year. Net earnings from continuing operations were $13.4 million. The company completed the sale of its Modular business on August 30, 2024, focusing on core Support Services. IFM segment revenue increased 25.2% to $99.7 million, while WAFES revenue decreased to $170.1 million due to normalized wildfire activity.

Dexterra Group Inc. (TSX: DXT) has announced the release date for its Q3 2024 financial results and the details of the accompanying conference call. The company will publish its Q3 2024 results on November 5, 2024, after market close. A conference call and webcast are scheduled for November 6, 2024, at 8:30 a.m. Eastern Time.

Investors can access the conference call by dialing 1-844-763-8274. A live webcast will be available on Dexterra's website at dexterra.com/investor-presentations-events/. The company will also post a presentation on its website on November 5, 2024, for review during the call.

An archived recording of the conference call will be accessible until December 6, 2024, by dialing 1-855-669-9658 with passcode 5076311.

Dexterra Group Inc. (TSX: DXT) has received approval from the Toronto Stock Exchange (TSX) to amend its normal course issuer bid (NCIB), increasing the maximum number of common shares that can be acquired to 3,207,361 or approximately 5.0% of its issued and outstanding shares. The increase, effective October 16, 2024, allows for the repurchase and cancellation of an additional 3,041,761 common shares. Fairfax Financial Holdings , which currently holds about 49.67% of Dexterra's shares, will be permitted to maintain its proportionate interest through the end of 2024.

Dexterra believes that its shares are undervalued and that the NCIB represents an attractive investment opportunity. The company has also announced the continuation of its automatic share purchase plan (ASPP) with a designated broker, allowing for share purchases during blackout periods. The NCIB and ASPP will terminate on the earliest of: reaching the maximum annual purchase limit, NCIB expiration, or Dexterra's termination of the ASPP.

Dexterra Group Inc. (TSX: DXT) has successfully closed the sale of its NRB Modular Solutions business to ATCO Structures & Logistics for a purchase price of $40 million, subject to normal closing adjustments. This strategic move, previously announced, allows Dexterra to focus on growing and optimizing its core support services segments.

Mark Becker, CEO of Dexterra, expressed well wishes to the NRB team and ATCO as they continue to deliver quality modular projects. The sale marks a significant shift in Dexterra's business strategy, streamlining its operations and potentially improving its financial position.

Dexterra Group Inc. reported strong Q2 2024 results with consolidated revenue of $253.6 million, an 18.1% increase from Q2 2023. Adjusted EBITDA was $29.3 million, up from $25.2 million in Q2 2023. Net earnings from continuing operations were $12.2 million, with earnings per share of $0.19. The IFM and WAFES business units drove growth, with IFM revenue up 31% and WAFES revenue up 11.4% year-over-year. Free Cash Flow improved to $10.1 million year-to-date. The company declared a Q3 2024 dividend of $0.0875 per share. The sale of the Modular business is expected to close in August 2024.

Dexterra Group Inc. (TSX: DXT) has announced the release date for its Q2 2024 financial results and subsequent conference call details. Key points:

• Q2 2024 results will be released on August 6, 2024, after market close
• Conference call and webcast scheduled for August 7, 2024, at 8:30 a.m. Eastern Time
• Presentation will be available on Dexterra's website prior to the call
• Conference call dial-in number: 1-844-763-8274
• Webcast accessible via Dexterra's website
• Archived recording available until September 7, 2024

This announcement provides investors and analysts with the necessary information to participate in Dexterra's Q2 2024 earnings discussion.

Dexterra Group announced the sale of 329 space rental units owned by Gitxaala Horizon North Services Partnership, a joint venture in which Dexterra holds a 49% stake. The sale price of $20.45 million aligns with the net book value of the assets. This strategic move allows Dexterra to manage its Energy Services assets proactively and aligns with its focus on Support Services. The transaction also enables Dexterra to pay down debt and optimize its asset portfolio. The Gitxaala First Nation partnership remains robust, and Dexterra looks forward to ongoing collaboration in the region.