Also trades as: WTSHF (OTC) · $vol 0M

C$45.89 ($32.11)

+2.37 (+5.45%)

Weekly Expected Move ±3.2%

C$42 C$44 C$45 C$47 C$48

TSX · Industrials · Marine Shipping · Tech Score Strong Buy · Power 68 · C$2.8B mcap · 32M float · 0.299% daily turnover

Revenue

$323M -20.2% ▼

5Y CAGR: -2.6%

Gross Profit

$111M -43.9% ▼

5Y CAGR: -11.1%

Operating Income

$97M -45.9% ▼

5Y CAGR: -12.2%

Net Income

$91M -21.3% ▼

5Y CAGR: -6.5%

EPS (Diluted)

$1.47 -21.0% ▼

5Y CAGR: -5.6%

EBITDA

$130M -38.5% ▼

5Y CAGR: -9.3%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$340M	$292M	$381M	$405M	$323M
YoY Growth	-7.6%	-14.2%	+30.5%	+6.2%	-20.2%
Cost of Revenue	$168M	$178M	$201M	$206M	$212M
Gross Profit	$172M	$114M	$180M	$198M	$111M
Gross Margin	50.6%	39.1%	47.1%	49.0%	34.5%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$15M	$13M	$17M	$18M	$14M
Operating Expenses	$15M	$13M	$19M	$18M	$14M
Operating Income	$159M	$104M	$160M	$180M	$97M
Operating Margin	46.6%	35.7%	42.1%	44.4%	30.1%
Interest Expense	$12M	$11M	$11M	$23M	$20M
Income Before Tax	$148M	$92M	$160M	$158M	$124M
Tax Expense	$40M	$25M	$43M	$43M	$34M
Net Income	$108M	$67M	$117M	$115M	$91M
Net Margin	31.7%	22.9%	30.6%	28.5%	28.1%
EPS (Diluted)	$1.70	$1.06	$1.86	$1.86	$1.47
EBITDA	$187M	$134M	$191M	$212M	$130M
Shares Outstanding	63M	63M	63M	62M	62M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$103M	$111M	$83M	$95M	$76M	$69M	$92M	$94M
Cost of Revenue	$49M	$54M	$59M	$37M	$47M	$53M	$54M	$36M
Gross Profit	$55M	$57M	$24M	$59M	$29M	$17M	$37M	$58M
Gross Margin	53.0%	51.5%	29.0%	61.4%	37.8%	23.9%	40.7%	61.7%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$4M	$5M	$4M	$4M	$3M	$3M	$5M	$0
Operating Expenses	$4M	$5M	$4M	$20M	$3M	$3M	$5M	$20M
Operating Income	$51M	$52M	$20M	$38M	$26M	$13M	$33M	$37M
Operating Margin	49.0%	46.6%	24.0%	40.2%	33.9%	19.2%	35.7%	39.8%
Interest Expense	$5M	$6M	$5M	$5M	$5M	$5M	$5M	$5M
Income Before Tax	$47M	$43M	$16M	$35M	$18M	$55M	$26M	$34M
Tax Expense	$13M	$12M	$4M	$10M	$5M	$15M	$7M	$9M
Net Income	$34M	$31M	$11M	$26M	$13M	$40M	$19M	$25M
Net Margin	32.9%	28.3%	13.9%	26.9%	17.4%	58.4%	21.0%	26.8%
EPS (Diluted)	$0.55	$0.51	$0.19	$0.42	$0.21	$0.65	$0.31	$0.41
EBITDA	$61M	$57M	$29M	$49M	$31M	$22M	$41M	$48M
Shares Outstanding	62M	62M	62M	62M	62M	62M	62M	62M

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