Canada's DIRTT Q3 revenue drops 13% amid tariff impacts

DIRTT Environmental Solutions

06/11/2025 24:29

Overview

DIRTT Q3 2025 revenue falls 13% yr/yr due to order delays and tariff impacts

Net loss for Q3 2025 was $3.5 mln, contrasting with $7.1 mln net income in Q3 2024

Adjusted EBITDA for Q3 2025 decreased to $1.2 mln from $4.1 mln in Q3 2024

Outlook

DIRTT expects Q4 2025 revenue between $48.0 mln and $52.0 mln

Company anticipates Q4 2025 Adjusted EBITDA of $5.0 mln to $7.0 mln

Result Drivers

ORDER DELAYS - Co attributes lower Q3 2025 revenue to higher-than-normal order delays due to job sites not being ready

TARIFF IMPACT - Tariffs on Canadian aluminum exports to the U.S. affected gross profit margins, but mitigation actions began to take effect

TRANSFORMATION OFFICE - Co incurred $2.6 mln in reorganization expenses for establishing a Transformation Office to improve productivity

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
-$0.02
Q3 Net Income
-$3.48 mln
Q3 Basic EPS
-$0.02
Q3 Gross Profit
$11.47 mln
Q3 Operating Expenses
$15.17 mln
Q3 Operating Income
-$3.70 mln


Analyst Coverage

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nGNX2xDCH3

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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.)