Canada's CEMATRIX Q1 revenue rises, remains on track for a strong full year

CEMATRIX

29/04/2026 22:12

Overview

Canada specialty construction contractor's Q1 revenue rose 11% yr/yr to C$7.3 mln

Gross margin fell to 9% from 22% due to larger project mix

Company expects stronger results in coming quarters due to seasonality

Outlook

Company expects a record second quarter in 2026

CEMATRIX anticipates improved gross margins with higher revenue volumes for the remainder of 2026

Company remains on track for a strong full year in 2026

Result Drivers

PROJECT MIX - Co said lower gross margin was due to a higher proportion of larger projects in Q1

COST STRUCTURE CHANGES - SG&A expenses declined as past cost structure changes began to show positive effects, per CEO Boomhour

SEASONALITY - Co said first quarter is typically slowest due to timing of project starts and seasonality

Company press release: ID:nGNX5VGwkB

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
C$7.3 mln
C$5 mln (1 Analyst)

Analyst Coverage

The one available analyst rating on the shares is "buy"

Wall Street's median 12-month price target for CEMATRIX Corp is C$0.75, about 33.9% above its April 28 closing price of C$0.56

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 9 three months ago

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(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.)