Black Diamond Group Announces Ranking on the 2023 TSX30 List

CALGARY, Alberta, Sept. 12, 2023 (GLOBE NEWSWIRE) -- 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 20^th 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."