Latest news with #PasonSystemsInc
Cision Canada
06-05-2025
- Business
- Cision Canada
Pason Systems Inc. Reports Voting Results of Director Elections
CALGARY, AB, May 6, 2025 /CNW/ - Pason Systems Inc. ("Pason" or the "Company") (TSX: PSI) (OTC: PSYTF) announced today the director election results from its 2025 annual general meeting of shareholders held on May 1, 2025. The following six nominees were elected as directors of Pason Systems Inc. to hold office until the next annual meeting of shareholders of Pason Systems Inc. or until their successors are elected or appointed: Pason Systems Inc. Pason is a leading global provider of specialized data management systems for drilling rigs. Our solutions, which include data acquisition, wellsite reporting, remote communications, web-based information management, and analytics, enable collaboration between the rig and the office. Through Intelligent Wellhead Systems Inc. ("IWS"), we also provide engineered controls, data acquisition, and software, to automate workflows and processes for oil and gas well completions operations, improving wellsite safety and efficiency. Through Energy Toolbase Software, Inc. ("ETB"), we also provide products and services for the solar power and energy storage industry. ETB's solutions enable project developers to model, control and monitor economics and performance of solar energy and storage projects. Pason's common shares trade on the Toronto Stock Exchange and OTC Markets Group under the symbol PSI and PSYTF, respectively. For more information about Pason Systems Inc., visit the Company's website at or contact [email protected].
Yahoo
04-05-2025
- Business
- Yahoo
Pason Systems Inc. Just Missed Earnings - But Analysts Have Updated Their Models
It's been a good week for Pason Systems Inc. (TSE:PSI) shareholders, because the company has just released its latest quarterly results, and the shares gained 2.5% to CA$11.58. It was a pretty mixed result, with revenues beating expectations to hit CA$113m. Statutory earnings fell 5.1% short of analyst forecasts, reaching CA$0.25 per share. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year. We've discovered 2 warning signs about Pason Systems. View them for free. Taking into account the latest results, the consensus forecast from Pason Systems' five analysts is for revenues of CA$434.9m in 2025. This reflects a credible 2.9% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to rise 8.0% to CA$0.98. In the lead-up to this report, the analysts had been modelling revenues of CA$434.3m and earnings per share (EPS) of CA$1.04 in 2025. The analysts seem to have become a little more negative on the business after the latest results, given the minor downgrade to their earnings per share numbers for next year. Check out our latest analysis for Pason Systems It might be a surprise to learn that the consensus price target was broadly unchanged at CA$15.00, with the analysts clearly implying that the forecast decline in earnings is not expected to have much of an impact on valuation. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. Currently, the most bullish analyst values Pason Systems at CA$17.00 per share, while the most bearish prices it at CA$13.00. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth. Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. We would highlight that Pason Systems' revenue growth is expected to slow, with the forecast 3.9% annualised growth rate until the end of 2025 being well below the historical 18% p.a. growth over the last five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 11% annually. Factoring in the forecast slowdown in growth, it seems obvious that Pason Systems is also expected to grow slower than other industry participants. The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that Pason Systems' revenue is expected to perform worse than the wider industry. The consensus price target held steady at CA$15.00, with the latest estimates not enough to have an impact on their price targets. Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have forecasts for Pason Systems going out to 2026, and you can see them free on our platform here. Even so, be aware that Pason Systems is showing 2 warning signs in our investment analysis , you should know about... Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
03-05-2025
- Business
- Yahoo
Pason Systems Inc (PSYTF) Q1 2025 Earnings Call Highlights: Revenue Growth Amidst Market Challenges
Consolidated Revenue: $113.2 million in Q1 2025, up 8% from $104.8 million in Q1 2024. Adjusted EBITDA: $45.2 million, representing 39.9% of revenue, up 7% from $42.4 million in Q1 2024. North American Drilling Revenue: $75.8 million in Q1 2025, a 3% increase from Q1 2024. International Drilling Revenue: $14 million in Q1 2025. Completion Segment Revenue: $16 million in Q1 2025, up from $12.8 million in Q1 2024. Energy Tool Base Revenue: $7.4 million in Q1 2025, a 98% increase from 2024. Net Income: $20 million or $0.25 per share in Q1 2025, down from $69.5 million or $0.87 per share in Q1 2024. Free Cash Flow: $23.2 million in Q1 2025, compared to $11.7 million in Q1 2024. Capital Expenditures: $16.7 million in Q1 2025. Cash and Short-term Investments: $87.4 million with no interest-bearing debt. Warning! GuruFocus has detected 3 Warning Sign with PSYTF. Release Date: May 02, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Pason Systems Inc (PSYTF) reported an 8% increase in consolidated revenue for Q1 2025, reaching $113.2 million compared to $104.8 million in Q1 2024. The North American drilling segment outperformed industry conditions, with a 3% revenue increase despite a 3% decrease in industry activity. The completion segment achieved a 25% revenue growth year-over-year, setting a new quarterly record. Energy Tool Base, part of the solar and energy storage segment, saw a 98% increase in revenue year-over-year, reaching $7.4 million. Pason Systems Inc (PSYTF) maintained a strong balance sheet with $87.4 million in total cash and no interest-bearing debt, allowing for growth investments and shareholder returns. Net income for Q1 2025 was $20 million, significantly down from $69.5 million in Q1 2024, due to a non-recurring accounting gain in the previous year. The international drilling segment faced challenges, with a 4% decrease in revenue due to reduced activity in Argentina. Adjusted EBITDA margin slightly decreased to 39.9% from the previous year, attributed to lower margins in the completions and solar segments. Geopolitical factors and potential economic recession pose uncertainties for future industry conditions. Potential exposure to tariffs could impact capital expenditures, although the company has taken proactive measures to mitigate this risk. Q: Can you discuss Pason Systems' potential exposure to tariffs and any estimated financial impact? A: Celine Boston, CFO, explained that Pason Systems is closely monitoring the evolving tariff situation. The company manufactures and repairs equipment on both sides of the Canada-US border, providing some flexibility. They have proactively pulled forward capital expenditures to mitigate potential impacts. Currently, they do not expect significant financial impact from tariffs but will continue to monitor the situation. Q: What are the drivers behind the year-over-year revenue improvement in the completion segment, despite market softness? A: Jon Faber, CEO, noted that the improvement is not significantly related to oil versus gas. The company is seeing positive effects from M&A activities settling and new customer additions. These factors, along with increased product adoption, have contributed to the revenue growth. Q: Are there any green shoots in terms of new customer additions or growth potential with existing customers? A: Jon Faber, CEO, expressed optimism about opportunities with both new and existing customers. However, he cautioned that market uncertainty might slow new technology adoption. The company is well-positioned with no significant capacity constraints, leveraging operational staff across segments to meet demand. Q: What is the potential long-term opportunity in Argentina, particularly regarding revenue per day for unconventional versus conventional wells? A: Jon Faber, CEO, explained that revenue per day in Argentina has historically been lower due to conventional wells using fewer products. As the market shifts to unconventional wells, revenue per day could increase significantly, aligning more closely with North American rates. Q: Is Pason Systems considering M&A opportunities, or is the focus on organic growth? A: Jon Faber, CEO, stated that the company is not actively seeking M&A opportunities, as they see significant growth potential within their existing operations. The most attractive M&A opportunity currently is share repurchases, given the company's growth prospects and current share prices. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
02-04-2025
- Business
- Yahoo
Pason to Hold AGM and Release 2025 First Quarter Results on May 1, 2025
CALGARY, AB, April 2, 2025 /CNW/ - Pason Systems Inc. ("Pason") (TSX: PSI) (OTC: PSYTF) will be holding its annual meeting of shareholders on Thursday, May 1, 2025 at 3:30 P.M. (MT) in person at the Sandman Inn, 8001 11th Street SE, Calgary AB, T2H 0B8, Great Room A&B. Additional details are provided on Pason's website at Pason also intends to release its 2025 first quarter results after the markets close on Thursday, May 1, 2025. Pason will be conducting a conference call for interested analysts, brokers, investors, and media representatives to review its 2025 first quarter results at 9:00 a.m. (MT) on Friday, May 2, 2025. The conference call dial-in numbers are 1-888-510-2154 or 1-437-900-0527, and the call will be simultaneously audio webcast via: You can access the fourteen-day replay by dialing 1-888-660-6345 or 1-289-819-1450, using password 02840#. An archived audio webcast of the conference call will also be available on Pason's website at Pason Systems is a leading global provider of specialized data management systems for drilling rigs. Our solutions, which include data acquisition, wellsite reporting, remote communications, web-based information management, and analytics, enable collaboration between the rig and the office. Through Intelligent Wellhead Systems Inc. ("IWS"), we also provide engineered controls, data acquisition, and software, to automate workflows and processes for oil and gas well completions operations, improving wellsite safety and efficiency. Through Energy Toolbase Software, Inc. ("ETB"), we also provide products and services for the solar power and energy storage industry. ETB's solutions enable project developers to model, control and monitor economics and performance of solar energy and storage projects. Pason's common shares trade on the Toronto Stock Exchange and OTC Markets Group, under the symbol PSI and PSYTF, respectively. For more information about Pason, visit the company's website at or contact investorrelations@ SOURCE Pason Systems Inc. View original content to download multimedia: Sign in to access your portfolio
