Black Diamond reported 1Q16 EBITDAS of $17 mm, far ahead of our estimate of $12 mm. We had underestimated the amount of oilsands related revenue in 1Q16 due to our view of when certain camps would see occupancy decline. We have increased our 2016e EBITDAS to $50 mm from $42 mm to reflect 1Q16 estimates and slightly better margins in the Camps and Lodging segment. In 2017e, we have increased our EBITDAS forecast to $44 mm from $36 mm, to reflect a stabilization of utilization and pricing in 2017e ....
04 May 2016
Reports 1Q16 Results
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Reports 1Q16 Results
Black Diamond Group Limited (BDI:TSE) | 0 0 1.4% | Mkt Cap: 165.7m
- Published:
04 May 2016 -
Author:
Ian B. Gillies -
Pages:
7
Black Diamond reported 1Q16 EBITDAS of $17 mm, far ahead of our estimate of $12 mm. We had underestimated the amount of oilsands related revenue in 1Q16 due to our view of when certain camps would see occupancy decline. We have increased our 2016e EBITDAS to $50 mm from $42 mm to reflect 1Q16 estimates and slightly better margins in the Camps and Lodging segment. In 2017e, we have increased our EBITDAS forecast to $44 mm from $36 mm, to reflect a stabilization of utilization and pricing in 2017e ....