Canada's DIRTT Environmental Q4 revenue rises, partly driven by price hike

DIRTT Environmental Solutions

25/02/2026 22:20

Overview

Industrialized construction firm's Q4 revenue rose 4% yr/yr, aligning with company guidance

Company reported Q4 net loss after tax of $3.7 mln, down from $4.0 mln net income last year

Adjusted EBITDA for Q4 improved to $6.2 mln, up from $5.5 mln in Q4 2024

Outlook

DIRTT forecasts 2026 revenue between $194.0 mln and $209.0 mln

Company expects 2026 Adjusted EBITDA between $26.0 mln and $31.0 mln

DIRTT sees supportive macroeconomic conditions despite slight index decline in January 2026

Result Drivers

PRICE INCREASE AND SURCHARGE - Revenue growth driven by a 5% price increase and 3.5% tariff surcharge announced in Q1 2025

GROSS PROFIT MARGIN - Gross profit margin increased due to tariff mitigation actions

IMPAIRMENT CHARGES - Net loss impacted by $2.9 mln in one-time impairment charges related to Rock Hill lease termination

Company press release: ID:nGNX2V72f

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
-$0.01
Q4 Net Income
-$3.70 mln
Q4 Gross Profit
$18.62 mln
Q4 Operating Expenses
$21.57 mln


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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.)