Dexterra Group Inc.
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About the company
Dexterra Group Inc. , headquartered in Mississauga, Canada, is a company established in 1985 that delivers crucial support services throughout the entire lifecycle of infrastructure projects across Canada, encompassing their development, upkeep, and ongoing operation. The company's activities are organized into three primary divisions: 1.
- CEO
- Mark Becker
- IPO
- 2020
- Employees
- 8,594
- HQ
- Mississauga, ON, CA
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- Market Cap
- $621.04M
- P/E
- 19.24
- Fwd P/E
- 12.18
- PEG
- 0.72
- P/S
- 0.78
- P/B
- 2.86
- EV/EBITDA
- 9.57
- Div Yield
- 2.93%
- Gross Margin
- 13.95%
- Op Margin
- 5.91%
- Net Margin
- 4.01%
- ROE
- 15.18%
- ROIC
- 8.63%
Latest fiscal year · YoY change
- Revenue
- $1.04B+3.7%
- Gross Profit
- $144.15M-9.9%
- Op Income
- $64.62M
- Net Income
- $40.48M+103.7%
- EPS
- $0.65+109.7%
- OCF Growth
- +10.9%
- FCF Growth
- +50.1%
- 52W High
- $11.30
- 52W Low
- $6.49
- 50D MA
- $10.17
- 200D MA
- $9.28
- Beta
- 0.58
- RSI (14)
- 34
- Avg Volume
- 1.19K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Dexterra posted another strong quarter with 8% revenue growth, 9% adjusted EBITDA growth, and continued momentum in workforce accommodations, U.S. facilities management, and free cash flow.· August 5, 2026
- Revenue rose to $269 million, up 8%, while adjusted EBITDA increased 9% to $33 million and adjusted margins were 12%.
- Free cash flow was $22 million in Q2, and net debt fell to $206 million, or 1.5x adjusted EBITDA.
- Support Services revenue was $226 million, up 10%, with organic growth of 5% excluding Right Choice; Asset Based Services revenue was $43 million with adjusted EBITDA margin at 40%.
- Management said wildfire activity was lighter than normal in Q2, but expects more normalized support activity later in the year.
- The company highlighted U.S. data center opportunities, PVC-driven FM wins, and a 2,000-bed available capacity base as key growth drivers.
- The board declared a $0.10 per share dividend and renewed the NCIB for up to 3 million shares through May 24, 2027.
Dexterra reported Q2 2026 revenue of $269 million, up 8% year over year, and adjusted EBITDA of $33 million, up 9%. Adjusted margins were 12%, free cash flow was $22 million, and net debt ended the quarter at $206 million versus $225 million at March 31, 2026, equal to 1.5x adjusted EBITDA. Support Services revenue was $226 million, up 10%, with adjusted EBITDA of $23 million and 10% margins; excluding Right Choice, revenue growth was 5% year over year. Asset Based Services revenue was $43 million, adjusted EBITDA was $17 million, and margin improved to 40% from 38%. For 2026, management expects adjusted EBITDA conversion to free cash flow to exceed 50%, corporate costs to approximate 2.5% of revenue, sustaining capex to approximate 1% to 1.5% of revenue on an annualized basis, and net debt to decline over the balance of the year absent significant investments or acquisition activity.
Mark Becker said the business carried positive momentum from Q1, with growth coming from workforce accommodation occupancy, new contract wins, and the Right Choice acquisition. He emphasized that Dexterra is adding scale while improving profitability, and that the company is focused on realizing the full value of recent acquisitions rather than pursuing broad M&A. His tone was upbeat but measured, especially on new U.S. data center work and nation-building opportunities, which he described as significant but still developing.
Denise Achonu walked through a quarter of solid top-line and margin performance, citing $269 million of revenue, $33 million of adjusted EBITDA, and $22 million of free cash flow. She noted Support Services adjusted EBITDA margin of 10% and Asset Based Services margin of 40%, with PVC contributing $1.4 million to adjusted EBITDA and remaining cash flow neutral near term as it invests in software and team growth. She also highlighted $3.6 million of capex, including $2 million tied to a Q1 fire expected to be recovered through insurance, and said cash taxes for 2026 should be around $12 million to $15 million.
Analysts focused on U.S. data center opportunities, asking how much had already been contracted, what the timing and size could be, and whether the work would mostly involve support services or asset rentals. Management said Dexterra is already active on 1 project and 2 U.S. projects, described the opportunity set as potentially significant, and said the bulk of the partnership contribution would come from Support Services. Questions also centered on wildfire season, the scale of the new U.S. PVC-related contracts, M&A versus smaller high-return investments, and the hurdle rate for new or refurbished beds; management said the current focus is on proving up recent acquisitions, targeting quick returns on incremental bed investments, and generally seeing those projects as 2 to 4 years max, with closer to 2 years more realistic.
The quarter showed both growth and cash generation, with revenue, EBITDA, and free cash flow all up year over year and leverage falling to 1.5x. Management pointed to a strong sales pipeline, new PVC contract wins, growing data center demand, and a 2,000-bed capacity base that they expect to deploy over the medium term.
Wildfire support activity was below normal in Q2, and management said the year is likely to be more of an average wildfire year rather than a strong one. The data center and nation-building opportunities sound promising, but management repeatedly said they are still developing, contract timing can be long, and some of the opportunity may not hit the P&L until later in 2027 and beyond.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 47.1%
- Shares Outstanding
- 62.42M
- Float Shares
- 29.42M
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Generate HZNOF report →Dexterra Group Q2 Earnings Call Highlights
marketbeat.com · Aug 9
Dexterra Announces Renewal of Normal Course Issuer Bid
newsfilecorp.com · May 20
SEIU Local 2: Cleaners across Canada to hold public rallies against Dexterra Group after rampant anti-worker allegations
globenewswire.com · May 13
Dexterra Reports Voting Results from Annual Meeting of Shareholders
newsfilecorp.com · May 7
Dexterra Group Inc. (DXT:CA) Shareholder/Analyst Call Transcript
seekingalpha.com · May 7
Dexterra Group Inc. Announces Results for Q1 2026
newsfilecorp.com · May 6
Dexterra Group Inc. (DXT) Opens the Market
newsfilecorp.com · Apr 15
Dexterra Announces Date for Q1 Results and Annual General Meeting
newsfilecorp.com · Apr 7
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