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Pason Systems Inc. (TSE:PSI)
TSX:PSI
Earnings Data
Report Date
Aug 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.19Last Year’s EPS
0.14Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 01, 2025
|% Change Since: 4.32%
|Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a strong performance in revenue growth, especially in North American Drilling and the Solar and Energy Storage segments, with significant outperformance relative to industry conditions. However, the call also highlights challenges such as a decrease in net income and difficulties in the international drilling segment due to external factors. While the highlights are notable, the lowlights indicate significant challenges that balance the overall sentiment.Company Guidance
During Pason Systems Inc.’s First Quarter 2025 earnings call, CFO Celine Boston and CEO Jon Faber discussed the company's financial performance and guidance amidst challenging industry conditions. Pason reported consolidated revenue of $113.2 million, marking an 8% increase from the previous year, and achieved an adjusted EBITDA of $45.2 million, representing 39.9% of revenue. The North American Drilling segment saw a 3% revenue increase despite a 3% decrease in industry activity, with revenue per industry day rising by 7% to $1,067. The Completions segment also performed well, with revenue growing 25% year-over-year, and the Solar and Energy Storage segment setting a new record with a 98% increase in revenue to $7.4 million. Pason’s net income for the quarter was $20 million, or $0.25 per share, compared to $69.5 million, or $0.87 per share, the previous year due to a non-recurring gain. Free cash flow increased significantly to $23.2 million, allowing for $16.3 million to be returned to shareholders. The company maintained a strong balance sheet with $87.4 million in cash and no interest-bearing debt, and plans to continue investing in growth and returning capital to shareholders.Strong Revenue Growth
Pason Systems generated consolidated revenue of $113.2 million in the first quarter of 2025, an 8% increase from $104.8 million in the first quarter of 2024.
Impressive EBITDA Performance
Adjusted EBITDA was $45.2 million or 39.9% of revenue, up 7% from $42.4 million in the first quarter of 2024.
Outperformance in North American Drilling
North American Drilling revenue grew by 3% compared to a 3% decrease in industry activity, with revenue per industry day increasing by 7%.
Completions Segment Growth
Revenue for the completions segment was $16 million, up from $12.8 million in the first quarter of 2024, a new quarterly record for the segment.
Record Performance in Solar and Energy Storage
Energy Toolbase generated $7.4 million in quarterly revenue, an increase of 98% from the 2024 comparative period.
Strong Free Cash Flow
Free cash flow in the first quarter of 2025 was $23.2 million, compared to $11.7 million in the first quarter of 2024.
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TSE:PSI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:PSI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| May 01, 2025 | C$11.10 | C$11.58 | +4.32% |
| Feb 27, 2025 | C$12.76 | C$12.18 | -4.55% |
| Nov 07, 2024 | C$14.44 | C$14.74 | +2.08% |
| Aug 07, 2024 | C$14.78 | C$14.22 | -3.79% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Pason Systems Inc. (TSE:PSI) report earnings?
Pason Systems Inc. (TSE:PSI) is schdueled to report earning on Aug 06, 2025, TBA Not Confirmed.
What is Pason Systems Inc. (TSE:PSI) earnings time?
Pason Systems Inc. (TSE:PSI) earnings time is at Aug 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:PSI EPS forecast?
TSE:PSI EPS forecast for the fiscal quarter 2025 (Q2) is 0.19.
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