Canada's Omni-Lite Q1 revenue rises 33%, backlog hits record

Omni-Lite Industries Canada

27/05/2026 12:09

Overview
Canada precision components maker's Q1 revenue rose 33% yr/yr to $4.4 mln
Adjusted EBITDA for Q1 more than doubled from a year earlier
Company reported record backlog of $9.1 mln at end of Q1

Outlook
Company expects improved pricing at casting operation to impact results more in H2 2026

Result Drivers
ELECTRONICS AND FORGING OPERATIONS - Co said improved revenue and profitability reflected stronger operating results in electronics and forging operations
CASTING OPERATION CHALLENGES - Co said gains were partially offset by continued challenges at its casting operation, with improved pricing benefits expected later in the year

Company press release: ID:nGNX2CHGx7

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
 
$4.4 mln
 

Analyst Coverage
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 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.)