TerraVest Reports Fiscal 2026 Second Quarter Results
- brg_news_room
- 2 days ago
- 1 min read
USA: TerraVest Industries reported increased sales and adjusted EBITDA for the second quarter of fiscal 2026, while net income declined compared with the previous year. Sales for the quarter ended 31 March 2026 rose to CAD 442.6 million (approximately USD 319.0 million), compared with CAD 311.5 million (approximately USD 224.7 million) in the same period of fiscal 2025. Adjusted EBITDA increased to CAD 75.5 million (approximately USD 54.5 million), while net income declined to CAD 12.7 million (approximately USD 9.2 million) from CAD 33.3 million (approximately USD 24.1 million). The company stated that recent acquisitions, including EnTrans, continued to contribute to revenue growth, while changes in fair value adjustments, acquisition-related costs and depreciation affected net income.
TerraVest stated that demand in parts of its HVAC and containment equipment business supported sales growth during the quarter, although it noted continued uncertainty in North America’s manufacturing sector following recent tariff announcements. The company also announced a quarterly dividend of CAD 0.175 per common share (approximately USD 0.13), payable on 10 July 2026 to shareholders of record on 30 June 2026. TerraVest further stated that it continues to invest in manufacturing efficiency and product line expansion, including the acquisition of Tankcon FRP Inc., a manufacturer and lessor of fibre-reinforced polymer tank trailers.
Source: TerraVest Newsroom
