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Revenue of $136 million, an increase of 29%, and second highest quarterly revenue in company history

OTTAWA, August 10, 2021 – Calian Group Ltd. (TSX: CGY), deliverer of trusted solutions across Advanced Technologies, Health, Learning and IT and Cyber Solutions segments, today released its quarterly results for the three-month period ended June 30, 2021.

Calian Group Ltd. (the “Company”) reported revenues for the quarter of $136 million, representing a 29% increase from the $105 million reported in the same quarter of the previous year.

Third quarter 2021 highlights:

  • Quarterly revenue of $136 million, an increase of 29%
  • Record level of adjusted EBITDA at $14.9 million for the quarter, an increase of 66%
  • Record gross margins of 25%
  • Revenue growth over 15% for each of the four operating segments
  • Adjusted net profit increased by 98%
  • 79th consecutive profitable quarter
  • New contract signings of $113 million in the quarter
  • Dividend of $0.28 per share

Click here for full report.

“This quarter’s performance demonstrates our focus on organic and acquisitive growth with excellent execution,” said Kevin Ford, Calian CEO. “Our strategic focus on customer diversification continues, with our Advanced Technologies segment landing a contract with a major electric vehicle manufacturer and our IT and Cyber Solutions segment introducing two dozen new customers in the third quarter.”

Adjusted EBITDA for the third quarter was $14.9 million, an increase of 66% from $9 million in the same quarter of the previous year. Adjusted net profit, which excludes non-cash items related to recent acquisitions, was $11.1 million for the quarter, which increased by 98% from $5.6 million in the same period of the previous year.

“This quarter represents a new high for the Company in both gross margins and adjusted EBITDA,” said Patrick Houston, Calian CFO. “This was achieved through contributions from all four segments which have grown double digits in the last year.”

Calian is proud to play a key role in the response to the COVID-19 pandemic. In the third quarter, Calian healthcare professionals vaccinated more than 50,000 Canadians at 19 pop-up clinics and managed seven rapid testing initiatives across Canada.

“Our strong performance through our first three quarters, and our continued momentum have allowed us to increase our guidance for the FY21 fiscal year,” said Kevin Ford, Calian CEO.


  • Revenue: Low $500,000, High $525,000
  • Adjusted EBITDA: Low $49,000, High $52,500
  • Adjusted net profit: Low $34,850, High $38,150
  • Anticipated weighted average shares outstanding: 10,600,000

About Calian

Calian employs over 4,500 people in its delivery of diverse products and solutions for private sector, government and defence customers in North American and global markets. The Company’s diverse capabilities are delivered through: Advanced Technologies, Health, Learning, and IT and Cyber Solutions. Advanced Technologies provides innovative products, technologies and manufacturing services and solutions for the space, communications, defence, nuclear, government and agriculture sectors. Health manages a network of more than 2,400 healthcare professionals delivering primary care and occupational health services to public and private sector clients across Canada. Learning is a trusted provider of emergency management, consulting and specialized training services and solutions for the Canadian Armed Forces and clients in the defence, health, energy and other sectors. IT and Cyber Solutions supports public and private-sector customer requirements for subject matter expertise in the delivery of complex IT and cyber security solutions. Headquartered in Ottawa, the Company’s offices and projects span Canada and international markets. For further information, please visit our website at

Product or service names mentioned herein may be the trademarks of their respective owners.

Media inquiries: [email protected] 613-599-8600 x 2298 Investor Relations inquiries: [email protected]


Certain information included in this press release is forward-looking and is subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Such statements are generally accompanied by words such as “intend”, “anticipate”, “believe”, “estimate”, “expect” or similar statements. Factors which could cause results or events to differ from current expectations include, among other things: the impact of price competition; scarce number of qualified professionals; the impact of rapid technological and market change; loss of business or credit risk with major customers; technical risks on fixed price projects; general industry and market conditions and growth rates; international growth and global economic conditions, and including currency exchange rate fluctuations; and the impact of consolidations in the business services industry. For additional information with respect to certain of these and other factors, please see the Company’s most recent annual report and other reports filed by Calian with the Ontario Securities Commission. Calian disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No assurance can be given that actual results, performance or achievement expressed in, or implied by, forward-looking statements within this disclosure will occur, or if they do, that any benefits may be derived from them.

Calian · Head Office · 770 Palladium Drive · Ottawa · Ontario · Canada · K2V 1C8
Tel: 613.599.8600 · Fax: 613-592-3664 · General info email: [email protected]

Calian Q3 2021 Results


1,7 MO