Black Diamond Group Limited: Q4 and Annual Operating and Financial Results
Calgary, Alberta, March 06, 2025 – Black Diamond Group Limited (“Black Diamond” or the “Company”), a leading provider of space rental and workforce accommodation solutions, has announced its financial results for the fourth quarter (Q4) and full year (2024) ended December 31, 2024. All financial figures are represented in Canadian dollars.
Q4 2024 Financial Highlights:
- Revenue: $115.5 million, a 12% increase from the Comparative Quarter
- Adjusted EBITDA: $36.7 million, a 15% increase from the Comparative Quarter
- Net Income: $19.2 million, compared to a net loss of $1.2 million in the Comparative Quarter
The Company’s strong Q4 performance was driven by increased demand for its space rental and workforce accommodation services in various industries, including oil and gas, mining, and construction.
Full Year 2024 Financial Highlights:
- Revenue: $458.2 million, a 10% increase from the Prior Year
- Adjusted EBITDA: $130.5 million, a 13% increase from the Prior Year
- Net Income: $70.5 million, compared to a net loss of $3.6 million in the Prior Year
Black Diamond’s robust financial performance throughout 2024 can be attributed to its strategic expansion into new markets and the ongoing recovery in the energy sector.
Impact on Consumers:
The strong financial results of Black Diamond Group Limited may lead to increased competition in the space rental and workforce accommodation market. This could potentially result in more options and better pricing for consumers seeking these services.
Impact on the World:
Black Diamond’s continued growth in the space rental and workforce accommodation sector could contribute to the economic recovery in industries such as oil and gas, mining, and construction. This, in turn, could lead to the creation of new jobs and the stimulation of local economies.
Conclusion:
Black Diamond Group Limited’s impressive financial results for Q4 and the full year 2024 demonstrate the Company’s resilience and growth potential in the space rental and workforce accommodation market. The positive impact on consumers and the economy as a whole underscores the importance of this sector in driving economic growth and job creation.
As the Company continues to expand its operations and enter new markets, it is poised to make a significant contribution to the recovery of various industries and the overall economic landscape.
