Canada's CEMATRIX Q2 revenue jumps 76% on project timing
Canada's CEMATRIX Q2 revenue jumps 76% on project timing
Overview
Canada specialty construction contractor's Q2 revenue rose 76% yr/yr to record C$18.7 mln
Adjusted EBITDA for Q2 more than doubled yr/yr to record C$5.0 mln
Company benefited from timing of large projects and expects Q3 similar to last year
Outlook
Company expects Q3 results to be similar to last year's third quarter
CEMATRIX anticipates strong activity through construction season until winter
Company says it remains on track for a strong year in 2026
Result Drivers
LARGE PROJECT TIMING - Co said Q2 results benefited from two large projects that started and finished in the quarter
HIGHER VOLUMES - Co said gross margins improve with higher revenue volumes and successful project execution
COST STRUCTURE CHANGES - Co said lower SG&A costs reflected ongoing cost structure changes
Company press release: ID:nNFC5L3xSR
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | C$18.70 mln | C$11 mln (1 Analyst) |
Q2 Adjusted EBITDA |
| C$5 mln |
|
Analyst Coverage
The one available analyst rating on the shares is "buy"
Wall Street's median 12-month price target for CEMATRIX Corp is C$0.75, about 53.1% above its July 28 closing price of C$0.49
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 13 three months ago
Reuters Recommended Reads
July 29 - Canada's FLINT Q2 revenue rises 37% on contract wins
July 28 - Orion Group Q2 adjusted EPS and EBITDA miss estimates; lowers FY outlook
July 27 - Germany's Hochtief H1 operational net profit rises on infrastructure demand; raises guidance
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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.)