Badger Infrastructure Solutions Reports Record Q2 Earnings and Expansion Plans
Badger Infrastructure Solutions (BDGI.TO) reported record second-quarter results, with revenue rising 23% year over year to CAD 257 million. Adjusted EBITDA increased by 25% to CAD 66.1 million due to higher fleet utilization and pricing across infrastructure, industrial, and construction markets. The company plans to expand its hydrovac fleet at the high end of its 7%-10% target for 2026 and is evaluating a second U.S. manufacturing facility by late 2027 or early 2028. Badger also issued CAD 300 million in five-year unsecured notes, maintaining leverage at 1.5 times EBITDA while supporting expansion efforts. Management highlighted strong demand across diverse sectors including LNG facilities and data centers. Revenue per truck increased by 14% year over year to CAD 47,731 due to improved utilization and pricing initiatives.
Tickers: $MSFT
Topics: ebitda_increase expansion_plans fleet_utilization revenue_growth