CEMATRIX Announces 2026 Third Quarter Financial Results
Key Highlights
- ➤Q4 revenue guidance $18 million-$22 million, among CEMATRIX's largest quarters
- ➤Nine-month revenue $37.9 million, up 16% year over year
- ➤Q3 revenue $11.9 million, down 22% year over year
- ➤Q3 adjusted EBITDA $1.4 million, down 60% year over year
- ➤$43.2 million in new projects announced during the first nine months
Expert Statements
Randy Boomhour, President and CEO of CEMATRIX
“We remain on pace for a record year of financial performance.”
Randy Boomhour, President and CEO of CEMATRIX
“We were less busy in the third quarter than we anticipated.”
Randy Boomhour, President and CEO of CEMATRIX
“The biggest contributor to this was the delayed start of several large projects from the middle of August to the middle of September due to factors beyond our control.”
Randy Boomhour, President and CEO of CEMATRIX
“This small change has no impact on the overall health of our business and no impact on our expected full year results, but it does have a large impact on the third quarter results.”
Randy Boomhour, President and CEO of CEMATRIX
“As we stated after our record-setting Q2 results and have shared many times with key stakeholders, our quarter-to-quarter results are influenced significantly by when large projects start and stop.”
Randy Boomhour, President and CEO of CEMATRIX
“Consequently, we don't spend a lot of time comparing our business to previous quarters - we zoom out and focus on the whole year.”
Randy Boomhour, President and CEO of CEMATRIX
“Despite a lower third quarter compared to last year, we remain on track to deliver a record year of financial performance in 2026,”
Randy Boomhour, President and CEO of CEMATRIX
“Our third quarter revenues were $11.9 million versus $15.3 million last year (a 22% decrease) and our year-to-date (9 months) revenues were $37.9 million versus $32.6 million last year (a 16% increase).”
Randy Boomhour, President and CEO of CEMATRIX
“Our year-to-date revenue of $37.9 million represent the highest first nine-month revenue in the history of the Company.”
Randy Boomhour, President and CEO of CEMATRIX
“Our gross margins in the third quarter were 23% versus 34% last year and our year-to-date (9 months) gross margins were 26% versus 33% last year.”
Randy Boomhour, President and CEO of CEMATRIX
“Our gross margins always improve with higher revenue volumes and through successful project execution.”
Randy Boomhour, President and CEO of CEMATRIX
“Our 2025 gross margin as a percentage of revenue benefited from a unique contract structure that is explained in our MD&A.”
Randy Boomhour, President and CEO of CEMATRIX
“We also continue to see our cost structure changes show up positively, as our SG&A costs were lower this quarter and remain lower on a year-to-date basis compared to 2025.”
Randy Boomhour, President and CEO of CEMATRIX
“We continue to generate positive cash flow from operations (before changes in working capital) of $1.5 million in the quarter and $5.7 million year to date,”
Marie-Josée Cantin, CFO of CEMATRIX
“Our cash balance continues to grow in lockstep with our profitability and working capital cycles.”
Marie-Josée Cantin, CFO of CEMATRIX
“At the end of September our cash balance was $20.5 million.”
Marie-Josée Cantin, CFO of CEMATRIX
“Our current ratio is very healthy.”
Marie-Josée Cantin, CFO of CEMATRIX
“We have no long-term debt.”
Marie-Josée Cantin, CFO of CEMATRIX
“As revenue increases, we always experience a short-term investment in working capital which then converts to cash as we collect on our accounts receivable, which is exactly what occurred this quarter.”
Marie-Josée Cantin, CFO of CEMATRIX
“CEMATRIX continues to have very low leverage on our balance sheet and remains in an enviable financial position to execute on our strategy,”
Randy Boomhour, President and CEO of CEMATRIX
“We are now in the final push before winter sets in for this year's construction season and we expect to remain busy right into December.”
Randy Boomhour, President and CEO of CEMATRIX
“We are currently on site actively placing cellular concrete for four large projects / scopes of work that are all expected to be completed in the fourth quarter.”
Randy Boomhour, President and CEO of CEMATRIX
“Our sales teams are performing with over $43.2 million in new projects announced in the first nine months of this year that have added to our backlog.”
Randy Boomhour, President and CEO of CEMATRIX
“We expect that our fourth quarter ("Q4") will be one of the largest of any quarter in the history of the Company with revenue expected to range from $18 million and $22 million in the quarter.”
Randy Boomhour, President and CEO of CEMATRIX
“The key message for our stakeholders is that we remain on track to deliver a record year of financial performance in 2026,”
Calgary, Alberta--(Newsfile Corp. - October 28, 2026) - CEMATRIX Corporation (TSX: CEMX) (OTCQB: CTXXF) ("CEMATRIX" or the "Company"), a specialty construction contractor and one of the premier suppliers of cellular concrete in Canada and the United States, today announced the release of its consolidated financial results for the third quarter ended September 30, 2026.
Three months endedSeptember 30Nine months endedSeptember 30 ($ millions)20262025Change%20262025Change% Revenue11.915.3(3.4)-22%37.932.65.316% Gross margin2.85.3(2.5)-47%10.010.8(0.8)-7% Gross margin %23%34%-11%--26%33%-7%-- SG&A2.12.4(0.3)-13%6.36.9(0.6)-9% Operating income0.72.8(2.1)-75%3.73.9(0.2)-5% Adjusted EBITDA1.43.5(2.1)-60%5.95.9-0% Cash flow from operations1.53.2(1.7)-53%5.75.60.12% Earnings per share (in cents)0.51.3(0.8)-62%2.01.60.425%
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