04:48 PM EDT, 05/01/2025 (MT Newswires) -- Black Diamond Group ( BDIMF ) , reported better than expected first quarter earnings on higher revenue as it looks to continue funding ongoing organic and inorganic growth.

The company which operates work camps and rentals in Canada, United States and Australia, said it earned $9.3 million, or $0.15 per share, in the quarter, up from $7.8 million, or $0.13, in the year-prior quarter. The Capital IQ consensus forecast expected a profit of $0.06 per share.

Revenue jumped 39% to $102.2 million from $73.6 million a year earlier.

In its outlook, the company said it continues to reinvest in organic growth initiatives through an active pipeline, but will maintain its disciplined approach to capital investment decisions whereby most of the growth capital is backed by long-term take or pay contracts. "Funding ongoing organic and inorganic growth, while simultaneously repurchasing shares and paying a dividend is evidence of Black Diamond's Free Cashflow generating ability".

The company's shares closed down $0.05 to $8.09 on the Toronto Stock Exchange.