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Strong Q2 financial performance: Revenue rose 8% year over year to C$269 million, adjusted EBITDA increased 9% to C$33 million, and free cash flow reached C$22 million. Net debt fell to C$206 million, reducing leverage to 1.5 times adjusted EBITDA.
Workforce accommodations drove growth and margins: Support Services revenue increased 10%, while ***** et Based Services adjusted EBITDA margins improved to 40% as higher-margin rental activity and Right Choice contributions offset weaker wildfire-related work.
Growth opportunities remain significant: Dexterra is pursuing U.S. data-center workforce-housing projects, including through a new partnership, while also targeting Canadian energy, mining, infrastructure, government and defense opportunities. The company renewed its share-repurchase program and expects more than 50% adjusted EBITDA-to-free-cash-flow conversion for 2026.
Dexterra Group (TSE:DXT) reported higher second-quarter revenue, adjusted EBITDA and free cash flow, supported by workforce accommodations occupancy, new contract activity and contributions from the Right Choice acquisition.
#adjusted #flow
Strong Q2 financial performance: Revenue rose 8% year over year to C$269 million, adjusted EBITDA increased 9% to C$33 million, and free cash flow reached C$22 million. Net debt fell to C$206 million, reducing leverage to 1.5 times adjusted EBITDA.
Workforce accommodations drove growth and margins: Support Services revenue increased 10%, while ***** et Based Services adjusted EBITDA margins improved to 40% as higher-margin rental activity and Right Choice contributions offset weaker wildfire-related work.
Growth opportunities remain significant: Dexterra is pursuing U.S. data-center workforce-housing projects, including through a new partnership, while also targeting Canadian energy, mining, infrastructure, government and defense opportunities. The company renewed its share-repurchase program and expects more than 50% adjusted EBITDA-to-free-cash-flow conversion for 2026.
Dexterra Group (TSE:DXT) reported higher second-quarter revenue, adjusted EBITDA and free cash flow, supported by workforce accommodations occupancy, new contract activity and contributions from the Right Choice acquisition.
#adjusted #flow
2 months ago
