Firan Technology Group Corporation Earnings Recaps
Q1 2026
Apr 10, 2026
FTG delivered a record-setting start to 2026 with robust revenue, backlog, and booking growth, supported by strong aerospace and defense market demand despite currency headwinds.
Key takeaways
- Bookings increased 17% YoY to $60 million, with a book-to-bill ratio of 1.27:1, driving backlog to $158 million, up 11%.
- Revenue rose 10.3% YoY to $47.3 million, with aerospace sales up 12% driven by higher shipments to Boeing, Airbus, and C919 programs.
- Adjusted EBITDA declined slightly to $7.3 million; adjusted net earnings grew modestly to $3.5 million.
- FTG secured initial orders for classified defense programs and achieved record profitability at FTG Aerospace Calgary.
- The company maintains a strong balance sheet with net debt of only $4 million, and continues to benefit from long-term growth trends in aerospace and defense markets.