Major Drilling (TSE:MDI) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Major Drilling Group International Inc. reported a robust fiscal year 2024 with $706.7 million in revenue, marking it as the third highest in their 44-year history, though there was a decrease in net earnings compared to the previous year. The company also achieved a record low Total Recordable Incident Rate and made significant investments in capital expenditures to support anticipated growth in drilling demand. Despite a slow fourth quarter start in North America, increased activities in regions with copper exposure helped balance performance.
For further insights into TSE:MDI stock, check out TipRanks’ Stock Analysis page.