Black Diamond Group
Black Diamond Group specializes in modular buildings and remote accommodations, and operates a digital marketplace for workforce travel management. The company reported $35.1 million in rental revenue for Q1 2024 and declared a second-quarter dividend of $0.03.
Services
Black Diamond Group offers a diverse array of services primarily focused on modular buildings and remote and temporary accommodations. Through BOXX Modular, the company provides a large rental fleet of modular buildings across North America and delivers full turnkey solutions for major projects in both urban and remote locations. Black Diamond Lodging & Accommodations manages a substantial rental fleet of modular accommodation assets across Canada, the United States, and Australia. Additionally, LodgeLink offers a digital marketplace for business-to-business workforce travel management, enhancing visibility, reporting, and efficiency for customers.
Quarterly Financial Results
On May 2nd, Black Diamond Group released its First Quarter 2024 Results, revealing consolidated rental revenue of $35.1 million. This revenue figure marks an increase of 2% compared to the same quarter from the previous year. The company also announced a second-quarter dividend of $0.03, reflecting its commitment to delivering shareholder value.
Global Operations
Black Diamond Group operates internationally with a presence in Canada, the United States, and Australia. The company's LodgeLink platform has expanded to include Australia as of May 9, 2024. The BOXX Modular brand, which includes Britco, Schiavi Leasing, and MPA Systems, serves various industries such as education, construction, and disaster recovery, showcasing its global reach and industry versatility. The company is recognized for its contributions to resource, infrastructure, construction, disaster recovery, and education sectors through its modular accommodation assets.
Community Involvement
Black Diamond Group demonstrates a strong commitment to community involvement and charitable contributions. Since 2009, the company has been a dedicated supporter of United Way in Calgary and area. It has also been an Official Partner of the Shaw Charity Classic since 2013, helping to raise more than $61 million for Alberta children’s charities. In 2021, Black Diamond Group entered a seven-year partnership with Canada’s Sports Hall of Fame as the presenting sponsor of the Indigenous Sport Heroes Education Experience. Additionally, the company's community events units are active in the lower mainland of B.C., Calgary, and the Ottawa region, supporting various local events.
Corporate Social Responsibility
Black Diamond Group places a high emphasis on environmental stewardship, social responsibility, and good governance. The company's approach to corporate social responsibility is reflected in its continuous support for community initiatives and its operational focus on sustainable practices. Black Diamond Group's engagement with organizations like United Way, Shaw Charity Classic, and Canada’s Sports Hall of Fame illustrate its dedication to making a positive impact. The company's strategies also emphasize profitability, return on assets (ROA), and maintaining a careful net debt target range, underscoring its commitment to responsible business practices.