DIRTT ENVIRONMENTAL SOLUTIONS LTD reported second-quarter 2026 results with revenue of $40.31M, a net income of $1.06M and diluted EPS of $0.01, compared with $38.92M revenue, a $(6.60)M loss and $(0.03) diluted EPS in Q2 2025.
Financial Highlights
- Revenue: $40.31M for Q2 2026, up from $38.92M in Q2 2025 (3.5% YoY).
- Net income: $1.06M for Q2 2026, versus a $(6.60)M loss in Q2 2025 (improvement of $7.66M YoY).
- Diluted EPS: $0.01 for Q2 2026, versus $(0.03) in Q2 2025.
Business Highlights
- Revenue growth of 4% year over year in Q2 2026 to $40.3M, driven by pricing actions and steady product sales.
- Channel and product mix shifted: Construction Services saw installation revenue rise 20% sequentially; the company reduced its Construction Partners to 59 to refocus on higher-value projects.
- Gross margin improved to 34.7%, aided by lower tariffs and surcharge actions (freight down 8%, aluminum down 1%) that helped offset raw material cost pressure.
- Ongoing operational transformation: a Transformation Office led reorganization actions, including term extensions for key leaders and restructuring/termination costs.
- Commercial discipline noted in a stable 12-month pipeline (~$310M) with improved qualification and forecasting and an emphasis on higher-margin opportunities.
Original SEC Filing:
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