Omni Lite Industries Canada (OML) Q1 2026 earnings summary

Executive summary

• First quarter 2026 revenue reached $4.4 million, up 33% year-over-year, driven by strong performance in electronics and metal forming/forging operations.

• Adjusted EBITDA rose 110% to $858,000, with margin improving to 19.6% from 12.3% a year ago, the highest in eight quarters.

• Net income increased to $404,000, or $0.03 per diluted share, compared to $109,000 in Q1 2025.

• Bookings totaled $4.9 million, resulting in a record backlog of $9.1 million at quarter end and a book-to-bill ratio of 1.11:1.

• Free cash flow improved 18% to $173,000, reflecting higher operating results.

Financial highlights

• Revenue: $4.4 million, up from $3.3 million in Q1 2025.

• Adjusted EBITDA: $858,000, up from $408,000 year-over-year.

• Net income margin improved to 9.2% from 3.3% year-over-year.

• Adjusted EBITDA margin increased to 19.6% from 12.3% year-over-year.

• Cash balance at quarter end was $3.0 million, with no outstanding borrowings.

Outlook and guidance

• Bookings cadence has been steady for three quarters, with expectations for continued stability throughout 2026.

• Backlog conversion formula suggests Q2 revenue of about $4.5 million before spot sales.

• Management expects casting operation improvements to be more visible in the second half of the year as pricing changes take effect.

• Forward-looking statements caution that actual results may differ due to various risks and uncertainties.