Black Diamond Group Reports Q2 Revenue Growth Amid Strategic Shifts
Black Diamond Group (TSE:BDI) reported a 23% year-over-year increase in revenue to CAD 129.2 million for the second quarter of 2026, driven by recurring rental and lodging services. Adjusted EBITDA rose modestly by 4% to CAD 30.4 million as lower-margin Lodge Services expanded its contribution following the acquisition of Royal Camp Services. The Workforce Solutions segment saw a significant revenue surge of 55%, reaching CAD 72.2 million, with adjusted EBITDA up 3%. Management highlighted over CAD 2 billion in active bids and approximately 5,300–5,500 beds available for use before new investments are made. Despite the strong top-line growth, reported earnings per share (EPS) fell to CAD 0.01 from CAD 0.15 due to a CAD 3.6 million tax-assessment charge and acquisition-related costs. However, Black Diamond ended the quarter with CAD 200 million in available liquidity and leverage of 2.4 times adjusted EBITDA.
Topics: acquisition_impact adjusted_ebitda liquidity revenue_growth