Overview

* CES Q3 2025 revenue beats analyst expectations, driven by favorable product mix

* Record Adjusted EBITDAC of C$103.3 mln at 16.6% margin for Q3 2025

* Company returns C$45.4 mln to shareholders through dividends and share repurchases

Outlook

* CES expects 2025 capital expenditures to be C$80 mln, rising to C$85-C$90 mln in 2026

* Company sees constructive end markets for its products due to energy demand

* CES anticipates benefiting from increased service intensity and advanced chemical solutions

Result Drivers

* FAVORABLE PRODUCT MIX - Record revenue and Adjusted EBITDAC driven by favorable product mix and acquisitions

* US MARKET EXPANSION - New US production chemical business expected to increase revenue in 2026

* CANADIAN REVENUE GROWTH - Seasonal activity boosts Canadian revenue to record levels

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat C$623.20 C$607.20

Revenue mln mln (4

Analysts

)

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)