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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.
DIRTT Environmental Solutions
DIRTT Environmental Solutions (DRTT) investor relations material
DIRTT Environmental Solutions Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary5 Nov, 2026
Executive summary
Q3 revenue rose 19% YoY to $44.7M; gross margin was 35.1%, operating income was $4.4M, and Adjusted EBITDA increased to $6.5M from $1.2M.
Transformation actions reset the cost base and commercial model; further efficiency gains and topline growth remain priorities, and the initiatives have not reached full run rate.
Financial highlights
Q3 product revenue was $41.5M versus $36.7M; service revenue was $3.2M versus $1.0M.
Gross profit increased to $15.7M from $11.5M; Adjusted Gross Profit was $16.6M versus $12.5M.
Operating expenses declined 25% to $11.3M; operating income was $4.4M versus an operating loss of $3.7M.
Net income after tax was $17.1M versus a $3.5M loss; basic and diluted EPS were each $0.09 versus a $0.02 loss.
Q3 operating cash flow was $3.1M versus $4.4M; investing cash outflow was $0.7M and financing cash inflow was $2.1M.
Outlook and guidance
FY 2026 guidance remains revenue of $175M–$185M and Adjusted EBITDA of $21M–$25M; management expects results near the low end of both ranges based on project timing and revenue conversion.
Guidance implies 4%–10% revenue growth and 760–910 bps of Adjusted EBITDA margin expansion versus FY 2025; transformation initiatives have not reached full run rate.
Priorities include rebuilding the 12-month pipeline, improving conversion and sales execution, expanding Construction Services, and accelerating product introductions.
Management cited improved project qualification, forecast alignment and award-timing visibility, while customer decisions remain measured in some markets.
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Latest events from DIRTT Environmental Solutions
- Q4 revenue hit a post-2019 high as margins improved and annual losses narrowed.DRTT
Q4 2023 - Q2 2026 delivered higher revenue, margin expansion, and a return to profitability.DRTTQ2 2026
- Transformation targets $194M–$209M FY 2026 revenue and margin expansion in a $1.4B+ market.DRTTPlanet MicroCap Las Vegas 2026
- All motions passed, new directors welcomed, and 2025 financials reviewed without shareholder questions.DRTTAGM 2026
- All motions, including director elections and incentive plans, were approved without dissent.DRTTAGM 2025
- Q1 2026 revenue up 3%, pipeline up 16%, but margins and net loss worsened on higher costs.DRTTQ1 2026
- Q4 2025 revenue rose 4% to $50.9M, with improved margins and strong 2026 guidance.DRTTQ4 2025
- Shareholders approved a rights plan to protect against hostile takeovers and ensure fair treatment.DRTTEGM 2024
- Q3 2024 delivered higher margins, net income, and reduced debt, supported by innovation.DRTTQ3 2024
Next DIRTT Environmental Solutions earnings date
Q4 202624 Feb, 2027
DIRTT Environmental Solutions
Next DIRTT Environmental Solutions earnings date
Q4 202624 Feb, 2027
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Frequently asked questions
DIRTT Environmental Solutions Ltd. is a Canada-based company specializing in the design and manufacturing of customizable interior construction solutions. The company uses a proprietary technology platform to produce prefabricated modular walls, doors, millwork, and other architectural components tailored to client specifications. DIRTT serves a range of sectors, including healthcare, education, corporate, and hospitality, offering sustainable and efficient building solutions that reduce construction time and waste. The company is headquartered in Calgary, Alberta, and its shares are listed on the NASDAQ.