Major Drilling Grp Intl

Major Drilling Group International delivered a record fiscal Q1 with revenue up 22% to CAD 277.3 million and net earnings rising nearly 44% to CAD 14.5 million. Adjusted gross margin improved sequentially to 24% but remained below last year due to training, higher labor and consumable costs and contract ramp-up expenses. The company added five rigs, retired 10 and finished the quarter with 683 rigs and overall utilization of 58%; management expects gradual rig deployments at higher pricing while citing availability of experienced drillers as the primary industry constraint. Net cash was CAD 15.7 million and total available liquidity about CAD 160 million. » Más en finance.yahoo.com

Major Drilling reported record revenue of CAD 277.3m in Q1 2027 (+22.4% year-on-year), significantly beating sales expectations. Net income rose 43.6% to CAD 14.5m; earnings per share were CAD 0.18, narrowly missing analysts’ estimate of CAD 0.19. EBITDA improved to CAD 37.2m, while adjusted gross margin remained below last year’s level but was better than the prior quarter. Management expects further rig ramp-up and slowly rising margins, but anticipates continued cost pressure from personnel and training; the stock was little changed. » Más en de.investing.com

Major Drilling posted record 2026 revenue of CAD 889 million (+22%) and quarterly revenue of CAD 233.7 million (+24.6%), but fell slightly short of expectations. EPS of CAD 0.10 missed the consensus forecast of CAD 0.1275 by 21.6%, after which the stock fell about 3.05% in after-hours trading. The company has a net cash position of CAD 20.6 million and plans CAD 75 million in capital expenditures to modernize its fleet. Major Drilling expects continued revenue growth but sees near-term margin pressure from skilled labor shortages and higher costs, with margin recovery expected in the second half of fiscal 2027. » Más en de.investing.com