Canada's Firan Technology Q1 revenue beats estimates

Firan Technology

08/04/2026 22:11

Overview

Canada aerospace electronics supplier's Q1 revenue rose 10.3%, beating analyst expectations

Adjusted net earnings rose 7.4% yr/yr; adjusted EBITDA declined 13%

Outlook

Company expects deliveries for two classified defence programs to begin in Q3 2026 and beyond

More deliveries to China’s C919 and DHC-515 programs expected for remainder of 2026

Company sees strong end market demand and is focused on long-term value creation

Result Drivers

OPERATIONAL IMPROVEMENTS - Co said revenue growth in Circuits segment was due to operational improvements at several U.S. sites

RECORD PROFITABILITY AT CALGARY - FTG Aerospace Calgary achieved record profitability in Q1 2026, benefiting from certifications, product sales, and restarted licensing revenues

FOREIGN EXCHANGE IMPACT - Co said less favourable foreign exchange rates reduced revenue and contributed to lower earnings, especially in Circuits and Aerospace segments

Company press release: ID:nGNXlN6F9

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
C$47.3 mln
C$44.99 mln (3 Analysts)
Q1 EPS
C$0.14
Q1 Adjusted Net Income
Beat
C$3.5 mln
C$2.66 mln (2 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the aerospace & defense peer group is "buy"

Wall Street's median 12-month price target for Firan Technology Group Corp is C$22.00, about 3.8% above its April 7 closing price of C$21.20

The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 16 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)