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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Badger Infrastructure Solutions
Badger Infrastructure Solutions (BDGI) investor relations material
Badger Infrastructure Solutions Investor presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Investor presentation summary11 Aug, 2026
Investment highlights
Significant tailwinds in utilities, transportation, and construction drive multi-year growth opportunities.
Over 34 years of experience, with the largest hydrovac fleet and a diverse customer base across North America.
Market leader with high barriers to entry, including vertical integration and unmatched fleet density.
Focused commercial strategy and disciplined capital allocation support revenue growth and margin improvement.
Strong, experienced management team and robust capital structure.
Financial performance
Revenue grew at a 14% CAGR from 2022 to Q2 2026, with adjusted EBITDA up 25% CAGR and margins expanding by over 1,000 basis points.
Q2 2026 revenue increased 23% year-over-year, with adjusted EBITDA up 25% and net earnings per share up 16%.
Since 2021, revenue has doubled organically, and adjusted EBITDA has more than doubled.
Competitive advantages
Only hydrovac operator able to match large client footprints across North America.
Manufactures its own trucks at scale, providing cost and fleet advantages.
High fleet density and operator network enable flexibility across markets.
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Latest events from Badger Infrastructure Solutions
- Record revenue and EBITDA growth in Q2 2026 driven by strong demand and fleet expansion.BDGI
Q2 2026 - Strong revenue and EBITDA growth supported by industry tailwinds and operational excellence.BDGIInvestor presentation
- All resolutions passed, board elected, and governance changes approved with strong shareholder support.BDGIAGM 2026
- Record revenue and EBITDA growth fueled by strong demand and strategic fleet investments.BDGIQ1 2026
- Record 2025 revenue and EBITDA growth, with record fleet build and new services planned for 2026.BDGIQ4 2025
- Record Q3 revenue, margin growth, and higher capital spend driven by strong infrastructure demand.BDGIQ3 2025
- Q2 revenue up 9% to $186.8M, EBITDA rose 14%, U.S. growth offset Canadian decline.BDGIQ2 2024
- Q3 revenue up 7% to CAD 209.4 million, with U.S. growth and expanded share buybacks.BDGIQ3 2024
- Record revenue and EBITDA growth, strong fleet expansion, and robust outlook for 2025.BDGIQ1 2025
Next Badger Infrastructure Solutions earnings date
Q3 20266 Nov, 2026
Badger Infrastructure Solutions
Next Badger Infrastructure Solutions earnings date
Q3 20266 Nov, 2026
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Frequently asked questions
Badger Infrastructure Solutions Ltd provides non-destructive excavation services using hydrovac technology. The company supports customers in sectors such as utilities, construction, and industrial facilities by offering safe digging services for underground infrastructure projects. Badger operates a fleet of hydrovac trucks across North America. The company is headquartered in Calgary, Canada, and its shares are listed on the TSX.