Canada's Badger Infrastructure Solutions' Q2 revenue rises 11%, beats estimates

Badger Infrastructure Solutions

30/07/2025 22:23

Overview

Badger Q2 revenue rises 11% to $208.2 mln, beating analyst expectations

Adjusted EPS increases 33% to $0.60, surpassing estimates, per LSEG data

Adjusted EBITDA of $52.7 mln beats expectations, reflecting margin expansion

Outlook

Badger plans 4% to 7% hydrovac fleet growth in 2025

Badger to renew NCIB for opportunistic share purchases

Result Drivers

DISCIPLINED PRICING - Badger attributes revenue growth to disciplined pricing and targeted sales efforts during busy construction season

FLEET UTILIZATION - Increased fleet utilization contributed to revenue growth, per CEO Rob Blackadar

MARGIN EXPANSION - Adjusted EBITDA growth reflects focus on margin expansion and profitability

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$208.21 mln
$197.10 mln (4 Analysts)
Q2 Adjusted EPS
Beat
$0.6
$0.56 (4 Analysts)
Q2 Net Income
$18.50 mln
Q2 Adjusted EBITDA
Beat
$52.72 mln
$50.40 mln (6 Analysts)
Q2 Adjusted EBITDA Margin
25.3%
Q2 Basic EPS
$0.55
Q2 Pretax Profit
$24.37 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the construction & engineering peer group is "buy"

Wall Street's median 12-month price target for Badger Infrastructure Solutions Ltd is C$56.00, about 2.7% above its July 29 closing price of C$54.49

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nGNX8LdbGR

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)