Calian Group Reports Record Q1 Revenue of $185 Million

Calian Group Ltd. reported a record first-quarter revenue of $185 million, up 3% from the previous year, amid rising global defense demands. Despite this revenue growth, the company experienced a 17% decline in adjusted EBITDA to $18 million due to increased operational expenses and a shift in revenue mix. Calian is expanding its focus on the defense sector by establishing a new U.S. subsidiary aimed at government contracts, reflecting its strategic goal to capitalize on increasing military investments in Canada and the U.S. CEO Kevin Ford expressed optimism regarding the company’s prospects, citing strong contributions from recent acquisitions in the UK, U.S., and Canada. The company is positioned to play a crucial role in meeting the accelerating global demand for defense solutions. Overall, Calian's diversified offerings in healthcare, communications, learning, and cybersecurity support its growth strategy.