Also trades as: MJDLF (OTC) · $vol 0M

C$17.18 ($12.05)

+0.47 (+2.81%)

Weekly Expected Move ±5.1%

C$15 C$16 C$17 C$18 C$19

TSX · Basic Materials · Industrial Materials · Tech Score Buy · Power 60 · C$1.4B mcap · 82M float · 0.292% daily turnover

Revenue

$889M +22.2% ▲

5Y CAGR: +15.5%

Gross Profit

$129M -1.3% ▼

5Y CAGR: +15.0%

Operating Income

$47M +20.6% ▲

5Y CAGR: +29.6%

Net Income

$21M -17.6% ▼

5Y CAGR: +16.3%

EPS (Diluted)

$0.26 -18.8% ▼

5Y CAGR: +16.7%

EBITDA

$117M +13.6% ▲

5Y CAGR: +17.5%

View Full Income Statement

Line Item	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$650M	$736M	$707M	$728M	$889M
YoY Growth	+50.5%	+13.1%	-3.9%	+3.0%	+22.2%
Cost of Revenue	$511M	$559M	$554M	$597M	$760M
Gross Profit	$140M	$177M	$153M	$131M	$129M
Gross Margin	21.5%	24.0%	21.6%	17.9%	14.5%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$54M	$61M	$65M	$75M	$82M
Operating Expenses	$69M	$78M	$79M	$92M	$82M
Operating Income	$71M	$99M	$84M	$39M	$47M
Operating Margin	11.0%	13.4%	11.8%	5.4%	5.3%
Interest Expense	$2M	$0	$0	$484K	$2M
Income Before Tax	$68M	$98M	$71M	$37M	$32M
Tax Expense	$15M	$23M	$18M	$11M	$10M
Net Income	$53M	$75M	$53M	$26M	$21M
Net Margin	8.2%	10.2%	7.5%	3.6%	2.4%
EPS (Diluted)	$0.65	$0.90	$0.64	$0.32	$0.26
EBITDA	$114M	$145M	$125M	$103M	$117M
Shares Outstanding	83M	83M	83M	82M	82M

Line Item	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2	FY2026 Q3	FY2026 Q4
Revenue	$190M	$189M	$161M	$188M	$227M	$244M	$185M	$234M
Cost of Revenue	$148M	$145M	$144M	$160M	$184M	$198M	$175M	$200M
Gross Profit	$41M	$44M	$17M	$28M	$42M	$46M	$10M	$34M
Gross Margin	21.4%	23.4%	10.3%	14.8%	18.6%	18.9%	5.2%	14.4%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$17M	$17M	$21M	$20M	$20M	$21M	$20M	$20M
Operating Expenses	$19M	$44M	$24M	$25M	$21M	$21M	$20M	$20M
Operating Income	$23M	$0	-$7M	$2M	$19M	$25M	-$11M	$13M
Operating Margin	12.4%	0.0%	-4.5%	1.3%	8.5%	10.4%	-5.9%	5.7%
Interest Expense	$0	$0	$922K	$717K	$632K	$648K	$184K	$181K
Income Before Tax	$21M	$25M	-$10M	$2M	$14M	$20M	-$12M	$10M
Tax Expense	$5M	$7M	-$848K	$741K	$4M	$6M	-$1M	$2M
Net Income	$16M	$18M	-$9M	$1M	$10M	$14M	-$11M	$8M
Net Margin	8.4%	9.6%	-5.7%	0.5%	4.4%	5.7%	-5.9%	3.5%
EPS (Diluted)	$0.19	$0.22	$-0.11	$0.01	$0.12	$0.17	$-0.13	$0.10
EBITDA	$35M	$38M	$10M	$20M	$32M	$38M	$6M	$31M
Shares Outstanding	82M	82M	82M	82M	82M	82M	82M	82M

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