Canada's Calian Q3 profit beats on higher space, defence offerings demand

Calian

13/08/2026 12:21

Overview
Canada mission-critical solutions provider's Q3 revenue grew 20% yr/yr, beating analyst expectations
Adjusted EPS for Q3 beat analyst expectations
Company entered agreement to acquire Galaxy Broadband and secured 15-year British Army contract

Outlook
Calian did not provide specific financial guidance for the current or upcoming periods

Result Drivers
SPACE & DEFENCE DEMAND - Co said strong and sustained demand for space and defence offerings drove organic revenue growth
ACQUISITIONS - Co said acquisitions contributed 4% to Q3 revenue growth
REVENUE MIX - Gross profit increased 17%, driven by revenue growth, changes in revenue mix and contributions from acquisitions

Company press release: ID:nGNX1QmfqV

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
C$230 mln
C$215.37 mln (8 Analysts)
Q3 Adjusted EPS
Beat
C$1.10
C$0.82 (6 Analysts)
Q3 EPS
 
C$0.51
 
Q3 Net Income
 
C$5.90 mln
 
Q3 Adjusted EBITDA
 
C$26 mln
 
Q3 Gross Profit
 
C$78 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the business support services peer group is "buy"
Wall Street's median 12-month price target for Calian Group Ltd is C$99.25, about 16.3% above its August 12 closing price of C$85.33
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 16 three months ago

Reuters Recommended Reads
Aug 12 - Canada's CAE Q1 adjusted EPS beats estimates on defense segment strength
Aug 11 - Canada's Exchange Income Q2 results beat estimates on aerospace growth, acquisitions
Aug 12 - TKMS sees increased demand from Middle East following Iran war

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(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.)