A pretty solid quarter on the ice
Canlan Ice Sports came out of the locker room swinging, reporting record Q1 revenue of $29.4 million for the quarter ended March 31, 2026. That was up 4.9% from a year ago, which is the kind of growth that keeps a company from just gliding by on autopilot.
Operating earnings also moved higher to $8.7 million, while net earnings climbed to $4.6 million, or $0.34 per share. In plain English: more revenue, more profit, and no sign that the ice rinks suddenly developed a loyalty problem.
Why investors should care
This is a small-cap Canadian name, so you’re not getting Tesla-style drama here. But steady revenue growth plus improving earnings is exactly the sort of combo that matters for a business with recurring facility usage and a dividend to defend.
- Revenue hit a quarterly record
- Operating earnings improved year over year
- Net earnings ticked up too
- The company also said it continues its quarterly dividend, which keeps the income crowd happy
The big picture
For investors, the real question is whether Canlan can keep turning rink time into repeatable cash flow. So far, Q1 says yes: the company is still scoring without needing a flashy one-time boost. Big picture: not a meme stock, just a business quietly doing the boring thing well — which, in investing, is often the point.