{"success":true,"data":{"pressRelease":{"id":"46061","rtpr_id":"nGNX2CHGx7","ticker":"OML","exchange":"","all_tickers":["OML"],"title":"OMNI-LITE INDUSTRIES REPORTS FIRST QUARTER 2026 RESULTS","author":"Globe Newswire","published_at":"2026-05-27T11:00:00.546Z","article_body":"* First Quarter 2026 Revenue of US$4.4 million, a 33% Increase Over the Year\nAgo Quarter \n* First Quarter 2026 Adjusted EBITDA((1)) of US$858,000, 110% Over the Year\nAgo Quarter\n* Free Cash Flow((1)) of US$173,000, or an Increase of 18% Compared to the\nYear Ago Quarter\n* Strong First Quarter Fiscal 2026 Bookings of US$4.9 million, Resulting in\nRecord Breaking Backlog of US$9.1 million at Quarter End\nLOS ANGELES, CALIFORNIA, May 27, 2026 (GLOBE NEWSWIRE) -- Omni-Lite Industries\nCanada Inc. (the \"Company\" or “Omni-Lite”; TSXV: OML) today reported\nresults for the first quarter ending March 31, 2026. Full financial results\nare available at sedarplus.ca.\n\nFirst Quarter 2026 Results \n\nRevenue for the first quarter of 2026 was approximately US$4.4 million, an\nincrease of US$1.1 million or, 33% increase over the comparable year ago\nperiod.\nAdjusted EBITDA((1)) for the first quarter of fiscal 2026 was approximately\nUS$858,100, translating to an Adjusted EBITDA margin of 19.6%, and as compared\nto approximately US$407,800 in the first quarter of 2025 and Adjusted EBITDA\nmargin of 12.3%.\n\nNet income for the quarter was US$404,000, or US$0.03 per diluted share. \nFree Cash Flow((1)) was US$172,566, net of capital expenditures and operating\nlease expenses of approximately US$276,000, as compared to Free Cash Flow((1)\n)of approximately US$146,000 in the year ago period.\n\nBookings in the first quarter of 2026 were approximately US$4.9 million, or a\nbook-to-bill ratio of 1.12. As a result, the backlog at March 31, 2026,\nreached a historical record of approximately US$9.1 million, and a 28%\nincrease from US$7.1 million as at March 31, 2025.\n\nThe Company’s balance sheet remained strong with cash of US$3.0 million and\nno outstanding borrowings.\n\nManagement Comments\n\nDavid Robbins, Omni-Lite’s CEO, stated: “Our improved revenue and\nprofitability in the first quarter of 2026 reflected stronger operating\nresults at our electronics and forging operations. These improvements were\npartially offset by continued challenges at our casting operation, where the\nresults do not yet fully reflect the benefits of improved pricing, as the\nrelated revenues are more heavily weighted to the second half of the year.”\n\nFinancial Summary\nAll figures in (US$000) unless noted.\n\n\nClick here to view image\n(https://www.globenewswire.com/Tracker?data=CNidqsqRd5R8duCa5LggsmBCkVxLVXrZ_4s2zzL9RgsK7y6kjBCxa2H8fnvUsWtY2nJjQRKCJTLrkXVemYDz_Ljs0daz1RRekwm0_wjmysZdOygkHJdedkDlQ-KAOioHwUT8qG0rQCYMfP9IXZEO3t0EeinCHY51-51geS3BxdQpulUL5Hvp6kJxcoYedzPh)\n\n\nClick here to view image\n(https://www.globenewswire.com/Tracker?data=CNidqsqRd5R8duCa5LggsmBCkVxLVXrZ_4s2zzL9RgtKTPN5k8fx-wNRp4WhUv7DRM12uDZzQ1T8dtcNGLAqtq2k1K9Lc1E2iMwxfhPbZ1C-v-Z_qtAgv0cLz1OD7qwarhI_bCL3uoGVJ6QMtoewl36swDLo1co_4kZA4wF54p1F7WwqXBfI7uYgjHWBfxFJ)\n\nInvestor Conference Call\n\nOmni-Lite will host a conference call for investors on May 28, 2026, beginning\nat 5:00 P.M. (EDT) to discuss the First Quarter of Fiscal 2026 results and\nreview of its business and operations. To join the conference call, dial (646)\n307-1963 in the USA (toll-free), or dial (800) 715-9871 for all other\ncountries (toll). Please call five to ten minutes prior to the scheduled start\ntime. A replay of the conference call will be available 48 hours after the\ncall and archived on the Company’s investors page of the Company’s website\nat www.omni-lite.com for 12 months.\n\n(1)Adjusted EBITDA is a non-IFRS financial measure defined as earnings before\ninterest, taxes, depreciation (net of lease expenses), amortization, stock-\nbased compensation provision, gains (losses) on sale of assets, and\nnon-recurring items, if any. Free Cash Flow is a non-IFRS financial measure\ndefined as cash flow from operations minus capital expenditures and lease\nexpenses. These are non-IFRS financial measures, as defined herein, and should\nbe read in conjunction with IFRS financial measures and they are not intended\nto be considered in isolation or as a substitute for, or superior to,\nfinancial information prepared and presented in accordance with IFRS. The\nnon-IFRS financial measures used herein may not be comparable to similarly\ntitled measures reported by other companies. We believe the use of Adjusted\nEBITDA, and Free Cash Flow along with IFRS financial measures enhances the\nunderstanding of our operating results and may be useful to investors in\ncomparing our operating performance with that of other companies and\nestimating our enterprise. \n\nAdjusted EBITDA and Free Cash Flow are also useful tools in evaluating the\noperating results of the Company given the significant variation that can\nresult from, for example, the timing of capital expenditures and the amount of\nworking capital in support of our customer programs and contracts. We also use\nAdjusted EBITDA and Free Cash Flow internally to evaluate the operating\nperformance of the Company, to allocate resources and capital, and to evaluate\nfuture growth opportunities.\n\nPlease see Q1 2026 Management Discussion and Analysis for additional notes and\ndefinitions.\n\nAbout Omni-Lite Industries Canada Inc.\n\nOmni-Lite Industries Canada Inc. is an innovative company that develops and\nmanufactures mission critical, precision components utilized by Fortune 100\ncompanies in the aerospace and defense industries.\n\nFor further information, please contact:\nMr. David Robbins \nChief Executive Officer\nTel. No. (562) 404-8510 or (800) 577-6664\nEmail: d.robbins@omni-lite.com \nWebsite: www.omni-lite.com\n\nForward Looking Statements\n\nExcept for statements of historical fact, this news release contains certain\n“forward-looking information” within the meaning of applicable securities\nlaw. Forward-looking information is frequently characterized by words such as\n“plan”, “expect”, “project”, “intent”, “believe”,\n“anticipate”, “estimate” and other similar words, or statements that\ncertain events or conditions “may” or “will” occur. Forward-looking\ninformation in this press release includes, but is not limited to, the\nexpected future performance of the Company. Although we believe that the\nexpectations reflected in the forward-looking information are reasonable,\nthere can be no assurance that such expectations will prove to be correct. We\ncannot guarantee future results, performance, or achievements. Consequently,\nthere is no representation that the actual results achieved will be the same,\nin whole or in part, as those set out in the forward- looking information.\nForward-looking information is based on the opinions and estimates of\nmanagement at the date the statements are made and are subject to a variety of\nrisks and uncertainties and other factors that could cause actual events or\nresults to differ materially from those anticipated in the forward-looking\ninformation. Some of the risks and other factors that could cause the results\nto differ materially from those expressed in the forward- looking information\ninclude, but are not limited to: general economic conditions in Canada, the\nUnited States and globally; industry conditions, governmental regulation,\nincluding environmental consents and approvals, if and when required; stock\nmarket volatility; competition for, among other things, capital, skilled\npersonnel and supplies; changes in tax laws; and the other risk factors\ndisclosed under our profile on SEDAR at www.sedar.com. Readers are cautioned\nthat this list of risk factors should not be construed as exhaustive.\nThe forward-looking information contained in this news release is expressly\nqualified by this cautionary statement. We undertake no duty to update any of\nthe forward-looking information to conform such information to actual results\nor to changes in our expectations except as otherwise required by applicable\nsecurities legislation. Readers are cautioned not to place undue reliance on\nforward-looking information.\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/dca8fb58-57b3-4a63-82f8-4e107d092dd1)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX2CHGx7","title":"OMNI-LITE INDUSTRIES REPORTS FIRST QUARTER 2026 RESULTS","author":"Globe Newswire","ticker":"OML","created":"2026-05-27T11:00:00.546Z","tickers":["OML"],"exchange":"","article_body":"* First Quarter 2026 Revenue of US$4.4 million, a 33% Increase Over the Year\nAgo Quarter \n* First Quarter 2026 Adjusted EBITDA((1)) of US$858,000, 110% Over the Year\nAgo Quarter\n* Free Cash Flow((1)) of US$173,000, or an Increase of 18% Compared to the\nYear Ago Quarter\n* Strong First Quarter Fiscal 2026 Bookings of US$4.9 million, Resulting in\nRecord Breaking Backlog of US$9.1 million at Quarter End\nLOS ANGELES, CALIFORNIA, May 27, 2026 (GLOBE NEWSWIRE) -- Omni-Lite Industries\nCanada Inc. (the \"Company\" or “Omni-Lite”; TSXV: OML) today reported\nresults for the first quarter ending March 31, 2026. Full financial results\nare available at sedarplus.ca.\n\nFirst Quarter 2026 Results \n\nRevenue for the first quarter of 2026 was approximately US$4.4 million, an\nincrease of US$1.1 million or, 33% increase over the comparable year ago\nperiod.\nAdjusted EBITDA((1)) for the first quarter of fiscal 2026 was approximately\nUS$858,100, translating to an Adjusted EBITDA margin of 19.6%, and as compared\nto approximately US$407,800 in the first quarter of 2025 and Adjusted EBITDA\nmargin of 12.3%.\n\nNet income for the quarter was US$404,000, or US$0.03 per diluted share. \nFree Cash Flow((1)) was US$172,566, net of capital expenditures and operating\nlease expenses of approximately US$276,000, as compared to Free Cash Flow((1)\n)of approximately US$146,000 in the year ago period.\n\nBookings in the first quarter of 2026 were approximately US$4.9 million, or a\nbook-to-bill ratio of 1.12. As a result, the backlog at March 31, 2026,\nreached a historical record of approximately US$9.1 million, and a 28%\nincrease from US$7.1 million as at March 31, 2025.\n\nThe Company’s balance sheet remained strong with cash of US$3.0 million and\nno outstanding borrowings.\n\nManagement Comments\n\nDavid Robbins, Omni-Lite’s CEO, stated: “Our improved revenue and\nprofitability in the first quarter of 2026 reflected stronger operating\nresults at our electronics and forging operations. These improvements were\npartially offset by continued challenges at our casting operation, where the\nresults do not yet fully reflect the benefits of improved pricing, as the\nrelated revenues are more heavily weighted to the second half of the year.”\n\nFinancial Summary\nAll figures in (US$000) unless noted.\n\n\nClick here to view image\n(https://www.globenewswire.com/Tracker?data=CNidqsqRd5R8duCa5LggsmBCkVxLVXrZ_4s2zzL9RgsK7y6kjBCxa2H8fnvUsWtY2nJjQRKCJTLrkXVemYDz_Ljs0daz1RRekwm0_wjmysZdOygkHJdedkDlQ-KAOioHwUT8qG0rQCYMfP9IXZEO3t0EeinCHY51-51geS3BxdQpulUL5Hvp6kJxcoYedzPh)\n\n\nClick here to view image\n(https://www.globenewswire.com/Tracker?data=CNidqsqRd5R8duCa5LggsmBCkVxLVXrZ_4s2zzL9RgtKTPN5k8fx-wNRp4WhUv7DRM12uDZzQ1T8dtcNGLAqtq2k1K9Lc1E2iMwxfhPbZ1C-v-Z_qtAgv0cLz1OD7qwarhI_bCL3uoGVJ6QMtoewl36swDLo1co_4kZA4wF54p1F7WwqXBfI7uYgjHWBfxFJ)\n\nInvestor Conference Call\n\nOmni-Lite will host a conference call for investors on May 28, 2026, beginning\nat 5:00 P.M. (EDT) to discuss the First Quarter of Fiscal 2026 results and\nreview of its business and operations. To join the conference call, dial (646)\n307-1963 in the USA (toll-free), or dial (800) 715-9871 for all other\ncountries (toll). Please call five to ten minutes prior to the scheduled start\ntime. A replay of the conference call will be available 48 hours after the\ncall and archived on the Company’s investors page of the Company’s website\nat www.omni-lite.com for 12 months.\n\n(1)Adjusted EBITDA is a non-IFRS financial measure defined as earnings before\ninterest, taxes, depreciation (net of lease expenses), amortization, stock-\nbased compensation provision, gains (losses) on sale of assets, and\nnon-recurring items, if any. Free Cash Flow is a non-IFRS financial measure\ndefined as cash flow from operations minus capital expenditures and lease\nexpenses. These are non-IFRS financial measures, as defined herein, and should\nbe read in conjunction with IFRS financial measures and they are not intended\nto be considered in isolation or as a substitute for, or superior to,\nfinancial information prepared and presented in accordance with IFRS. The\nnon-IFRS financial measures used herein may not be comparable to similarly\ntitled measures reported by other companies. We believe the use of Adjusted\nEBITDA, and Free Cash Flow along with IFRS financial measures enhances the\nunderstanding of our operating results and may be useful to investors in\ncomparing our operating performance with that of other companies and\nestimating our enterprise. \n\nAdjusted EBITDA and Free Cash Flow are also useful tools in evaluating the\noperating results of the Company given the significant variation that can\nresult from, for example, the timing of capital expenditures and the amount of\nworking capital in support of our customer programs and contracts. We also use\nAdjusted EBITDA and Free Cash Flow internally to evaluate the operating\nperformance of the Company, to allocate resources and capital, and to evaluate\nfuture growth opportunities.\n\nPlease see Q1 2026 Management Discussion and Analysis for additional notes and\ndefinitions.\n\nAbout Omni-Lite Industries Canada Inc.\n\nOmni-Lite Industries Canada Inc. is an innovative company that develops and\nmanufactures mission critical, precision components utilized by Fortune 100\ncompanies in the aerospace and defense industries.\n\nFor further information, please contact:\nMr. David Robbins \nChief Executive Officer\nTel. No. (562) 404-8510 or (800) 577-6664\nEmail: d.robbins@omni-lite.com \nWebsite: www.omni-lite.com\n\nForward Looking Statements\n\nExcept for statements of historical fact, this news release contains certain\n“forward-looking information” within the meaning of applicable securities\nlaw. Forward-looking information is frequently characterized by words such as\n“plan”, “expect”, “project”, “intent”, “believe”,\n“anticipate”, “estimate” and other similar words, or statements that\ncertain events or conditions “may” or “will” occur. Forward-looking\ninformation in this press release includes, but is not limited to, the\nexpected future performance of the Company. Although we believe that the\nexpectations reflected in the forward-looking information are reasonable,\nthere can be no assurance that such expectations will prove to be correct. We\ncannot guarantee future results, performance, or achievements. Consequently,\nthere is no representation that the actual results achieved will be the same,\nin whole or in part, as those set out in the forward- looking information.\nForward-looking information is based on the opinions and estimates of\nmanagement at the date the statements are made and are subject to a variety of\nrisks and uncertainties and other factors that could cause actual events or\nresults to differ materially from those anticipated in the forward-looking\ninformation. Some of the risks and other factors that could cause the results\nto differ materially from those expressed in the forward- looking information\ninclude, but are not limited to: general economic conditions in Canada, the\nUnited States and globally; industry conditions, governmental regulation,\nincluding environmental consents and approvals, if and when required; stock\nmarket volatility; competition for, among other things, capital, skilled\npersonnel and supplies; changes in tax laws; and the other risk factors\ndisclosed under our profile on SEDAR at www.sedar.com. Readers are cautioned\nthat this list of risk factors should not be construed as exhaustive.\nThe forward-looking information contained in this news release is expressly\nqualified by this cautionary statement. We undertake no duty to update any of\nthe forward-looking information to conform such information to actual results\nor to changes in our expectations except as otherwise required by applicable\nsecurities legislation. Readers are cautioned not to place undue reliance on\nforward-looking information.\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/dca8fb58-57b3-4a63-82f8-4e107d092dd1)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-05-27T11:00:00.583867418Z","server_sent_at_ms":1779879600583},"received_at":"2026-05-27T11:00:00.703Z","source_url":null},"analysis":{"id":"35496","press_release_id":"46061","analysis_json":{"industry":{"label":"Aerospace & Defense","sector":"Industrials"},"redFlags":["Casting operation results do not yet reflect benefits of improved pricing","Casting revenues are heavily weighted to the second half of the year"],"eventType":"earnings","narrative":"Omni-Lite reported Q1 2026 revenue of US$4.4 million, a 33% increase year-over-year, driven by stronger performance in its electronics and forging operations.\n\nAdjusted EBITDA more than doubled to US$858,100 (19.6% margin), while free cash flow rose 18% to US$172,566. The company ended the quarter with a record backlog of US$9.1 million and US$3.0 million in cash with no debt.\n\nManagement noted that results at the casting operation remain challenged, with benefits from improved pricing expected to materialize more heavily in the second half of the year.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Small-cap aerospace supplier posts 33% revenue growth and record backlog; watch for H2 casting turnaround."},"keyFigures":{"eps":0.03,"revenue":4400000,"revenueYoy":"33%","customDimensions":{"cash":3000000,"backlog":9100000,"bookings":4900000,"net_income":404000,"free_cash_flow":172566,"adjusted_ebitda":858100,"adjusted_ebitda_margin":"19.6%"}},"quotedText":"Our improved revenue and profitability in the first quarter of 2026 reflected stronger operating results at our electronics and forging operations.","namedEntities":{"people":[{"name":"David Robbins","role":"CEO"}],"products":[],"companies":[{"name":"Omni-Lite Industries Canada Inc.","ticker":"OML"}],"dollarAmounts":[{"amount":"US$4.4 million","context":"Q1 2026 revenue"},{"amount":"US$1.1 million","context":"revenue increase YoY"},{"amount":"US$858,100","context":"Q1 2026 Adjusted EBITDA"},{"amount":"US$407,800","context":"Q1 2025 Adjusted EBITDA"},{"amount":"US$404,000","context":"Q1 2026 net income"},{"amount":"US$172,566","context":"Q1 2026 Free Cash Flow"},{"amount":"US$276,000","context":"capital expenditures and operating lease expenses"},{"amount":"US$146,000","context":"Q1 2025 Free Cash Flow"},{"amount":"US$4.9 million","context":"Q1 2026 bookings"},{"amount":"US$9.1 million","context":"record backlog at quarter end"},{"amount":"US$7.1 million","context":"backlog at March 31, 2025"},{"amount":"US$3.0 million","context":"cash on balance sheet"}]},"materialImpact":{"score":3,"reasoning":"Strong Q1 results with 33% revenue growth and record backlog, but the company is a small-cap TSXV issuer. The beat is significant for the firm but lacks the market-moving gravity of mega-cap earnings."},"tickerRelevance":{"others":[],"primary":"OML"},"globalImportance":25,"audienceRelevance":15,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"earnings_beat","sectorWeight":"moderate","householdBrandBoost":0,"marketCapAdjustment":"low","retailFavoriteBoost":0}},"event_type":"earnings","event_type_secondary":null,"sentiment":"bullish","material_impact_score":3,"narrative":"Omni-Lite reported Q1 2026 revenue of US$4.4 million, a 33% increase year-over-year, driven by stronger performance in its electronics and forging operations.\n\nAdjusted EBITDA more than doubled to US$858,100 (19.6% margin), while free cash flow rose 18% to US$172,566. The company ended the quarter with a record backlog of US$9.1 million and US$3.0 million in cash with no debt.\n\nManagement noted that results at the casting operation remain challenged, with benefits from improved pricing expected to materialize more heavily in the second half of the year.","key_figures":{"eps":0.03,"revenue":4400000,"revenueYoy":"33%","customDimensions":{"cash":3000000,"backlog":9100000,"bookings":4900000,"net_income":404000,"free_cash_flow":172566,"adjusted_ebitda":858100,"adjusted_ebitda_margin":"19.6%"}},"named_entities":{"people":[{"name":"David Robbins","role":"CEO"}],"products":[],"companies":[{"name":"Omni-Lite Industries Canada Inc.","ticker":"OML"}],"dollarAmounts":[{"amount":"US$4.4 million","context":"Q1 2026 revenue"},{"amount":"US$1.1 million","context":"revenue increase YoY"},{"amount":"US$858,100","context":"Q1 2026 Adjusted EBITDA"},{"amount":"US$407,800","context":"Q1 2025 Adjusted EBITDA"},{"amount":"US$404,000","context":"Q1 2026 net income"},{"amount":"US$172,566","context":"Q1 2026 Free Cash Flow"},{"amount":"US$276,000","context":"capital expenditures and operating lease expenses"},{"amount":"US$146,000","context":"Q1 2025 Free Cash Flow"},{"amount":"US$4.9 million","context":"Q1 2026 bookings"},{"amount":"US$9.1 million","context":"record backlog at quarter end"},{"amount":"US$7.1 million","context":"backlog at March 31, 2025"},{"amount":"US$3.0 million","context":"cash on balance sheet"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-05-27T11:01:00.042Z","global_importance":25,"audience_relevance":15,"importance_components":{"tickerTier":"small-cap","eventGravity":"earnings_beat","sectorWeight":"moderate","householdBrandBoost":0,"marketCapAdjustment":"low","retailFavoriteBoost":0}},"durationMs":28076,"modelName":"george-droid-qwen-72b"}}