Black Diamond Group Limited (“Black Diamond” or the "Company”)
(TSX: BDI), a leading provider of space rental and workforce
accommodation, is proud to have secured a spot on the 2023 TSX30
List. This recognition further signifies the value of Black
Diamond’s unique portfolio of businesses, and how the Company
continues to deliver high growth and stable recurring cash flows,
while compounding return to shareholders.
Over the past three years, Black Diamond has achieved remarkable
growth, with a 304% increase in dividend-adjusted share price
performance and a 327% increase in market capitalization over the
same period.
“As a Company, celebrating our 20th year in business, we are
immensely proud of what we’ve accomplished,” said Trevor Haynes,
Chairman & CEO. “This accolade not only underscores the value
Black Diamond offers shareholders, but also highlights the
effectiveness of our strategic vision and our disciplined approach
to running our business.”
Black Diamond has steadily grown and diversified
across industry sectors,
geographies, and by customer. Today, Black Diamond’s specialty
rental platform has a strong track record of growth through organic
and inorganic expansion, deployment of previously idle assets and
an over-arching focus on economic returns and operational
efficiencies. Alongside the strong performance of the asset
rental platform, the Company’s rapidly growing technology platform,
LodgeLink, continues to scale exponentially, with immense
opportunity.
“Of course, none of this would be possible without the
dedication, and hard work of our high-performing team,” said Trevor
Haynes, Chairman & CEO. “So, this recognition, and my
appreciation, goes to our team members who work tirelessly every
day to Create A Better Way.”
The TSX30 is an annual ranking of the top 30 stocks over a
three-year period, factoring in dividend-adjusted share price
performance. The flagship TSX30 program, established in 2019,
recognizes the successes of the TSX’s listed companies, highlights
the overall strength of Canada's diverse and ever-evolving public
markets, and the efficacy of this powerful ecosystem in driving
growth for issuers, investors, and the overall economy.
"The 2023 TSX30 features strong Canadian representation,
including Black Diamond Group Limited, which is headquartered in
Alberta," remarked Loui Anastasopoulos, CEO of the Toronto Stock
Exchange. "We are proud to celebrate the tremendous success and
expansion of Black Diamond Group, and we want to congratulate all
of the TSX30 companies for their tremendous growth."
For more information on the TSX30, please visit this link:
www.tsx.com/tsx30.
About Black
Diamond Group
Black Diamond is a specialty rentals and
industrial services Company with two operating business units -
Modular Space Solutions (MSS) and Workforce Solutions (WFS). We
operate in Canada, the United States, and Australia.
MSS through its principal brands, BOXX Modular,
Britco, MPA, Schiavi and CL Martin, owns a large rental fleet of
modular buildings of various types and sizes. Its network of local
branches rent, sell, service, and provide ancillary products and
services to a diverse customer base in the construction,
industrial, education, financial, and government sectors.
WFS, through its principal brands, Black Diamond
Camps and Black Diamond Energy Services, owns a large rental fleet
of modular accommodation assets of all types and sizes. Its
regional operating terminals rent, sell, service, and provide
ancillary products and services including turn-key operated camps
to a wide array of customers in the resource, infrastructure,
construction, disaster recovery, and education sectors.
The WFS business unit also includes the
Company’s wholly owned subsidiary, LodgeLink, which operates a
digital marketplace for business-to-business crew accommodation,
travel, and logistics in North America. The LodgeLink proprietary
digital platform enables customers to efficiently find, book, and
manage their crew travel and accommodation needs through a rapidly
growing network of hotel, remote lodge, and travel partners.
LodgeLink exists to solve the unique challenges associated with
crew travel and applies technology to eliminate inefficiencies at
every step of the crew travel process from booking, to management,
to payments, to cost reporting.
Learn more
at www.blackdiamondgroup.com.
For investor inquiries please contact Jason
Zhang at 403-206-4739 or investor@blackdiamondgroup.com.
For media inquiries, please contact Emma
Covenden at 403-718-5062 or media@blackdiamondgroup.com.
Cautionary Note
Regarding Forward-Looking Statements
Certain information set forth in this news
release contains forward-looking statements. Although Black Diamond
believes that the expectations reflected in the forward-looking
statements contained in this news release, and the assumptions on
which such forward-looking statements are made are reasonable,
there can be no assurances that such expectations or assumptions
will prove to be correct. Readers are cautioned that assumptions
used in the preparation of such statements may prove to be
incorrect. Events or circumstances may cause actual results to
differ materially from those predicted, as a result of numerous
known and unknown risks, uncertainties and other factors, many of
which are beyond the control of Black Diamond. These risks include,
but are not limited to: the impact of general economic conditions,
industry conditions, fluctuation of commodity prices, the Company's
ability to attract new customers, failure of counterparties to
perform on contracts, industry competition, availability of
qualified personnel and management, timely and cost effective
access to sufficient capital from internal and external sources,
political conditions, dependence on suppliers and stock market
volatility. The risks outlined above should not be construed as
exhaustive. Additional information on these and other factors that
could affect Black Diamond's operations and financial results are
included in Black Diamond's annual information form for the year
ended December 31, 2022 and other reports on file with the Canadian
Securities Regulatory Authorities which can be accessed on SEDAR.
Readers are cautioned not to place undue reliance on these
forward-looking statements. Furthermore, the forward-looking
statements contained in this news release are made as at the date
of this news release and Black Diamond does not undertake any
obligation to update or revise any of the forward-looking
statements, except as may be required by applicable securities
laws.
Black Diamond (TSX:BDI)
Historical Stock Chart
From Aug 2024 to Sep 2024
Black Diamond (TSX:BDI)
Historical Stock Chart
From Sep 2023 to Sep 2024