CEMATRIX Q3 revenue up 51%, helped by new contracts

CEMATRIX

05/11/2025 22:23

Overview

CEMATRIX Q3 revenue increased 51% yr/yr but missed analyst expectations

Adjusted EBITDA for Q3 rose 150% yr/yr, reaching C$3.5 mln

Company achieved record year-to-date adjusted EBITDA, surpassing 2023 full-year record

Outlook

CEMATRIX expects a busy start to Q4, followed by a seasonal slowdown

Company remains focused on executing its business strategy and growth

CEMATRIX aims to build on record adjusted EBITDA in Q4

Result Drivers

NEW CONTRACTS - CEMATRIX secured about C$17 mln in new contracts during Q3, contributing to revenue growth

REVENUE GROWTH - Revenue increased 51% yr/yr due to higher work volumes and new projects

WORKING CAPITAL INVESTMENT - Co invested C$4.7 mln in working capital due to increased revenue, expected to reverse later

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
C$15.3 mln
C$17.3 mln (1 Analyst)
Q3 Adjusted EBITDA
C$3.5 mln


Analyst Coverage

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

The average consensus recommendation for the construction materials peer group is "buy"

Wall Street's median 12-month price target for CEMATRIX Corp is C$0.55, about 31.8% above its November 4 closing price of C$0.38

Press Release: ID:nGNX3kHRXD

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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.)