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Foraco Int'l SA (TSE:FAR)
TSX:FAR
Earnings Data
Report Date
May 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.01Last Year’s EPS
0.02Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a clear operational inflection point in Q4 2025 with a record $404M order book, strong regional recoveries (notably +95% in South America), improved utilization and a strategic shift toward gold and Tier 1 customers. These positives are tempered by a full-year revenue decline (~12%), margin compression (EBITDA margin down 3pp, EBIT down materially), ramp-up costs (~$3M), and rising input/labor cost pressures. Management emphasized capacity to meet demand, disciplined commercial terms, and a plan to deleverage, indicating confidence in 2026 execution. Overall, the forward-looking indicators and high-quality backlog outweigh the near-term financial and cost headwinds.Company Guidance
Q4 Revenue Growth and Inflection Point
Q4 2025 revenue rose to $63–$66M (company reported $66M excluding adverse FX; CFO cited $63M), up ~8% year-over-year vs Q4 2024; management called Q4 the clear inflection point with significant growth across virtually all regions.
Record Order Book
Record backlog of $404M as of December 31, 2025, with $228M (≈56% of backlog) expected to be executed in 2026; 90% of order book tied to Tier 1 customers, indicating higher-quality, repeat business.
Strong Regional Momentum — South America
South America revenue increased 95% year-over-year in Q4 2025, reflecting a strong recovery and robust demand supported by the order book.
Improving Utilization and Capacity to Grow
Utilization improved from 40% in Q4 to just over 50% at the time of the call; management stated the company can sustainably run ~67% of the fleet and has capacity/flexibility to meet increased demand without immediately needing outsized incremental hires.
Strategic Mix Shift Toward Gold and High-Demand Commodities
Foraco increased exposure to gold and other in-demand commodities; gold now represents over 35% of the 2026 order book, positioning the company to benefit from strong metal prices and funded exploration/development programs.
EBITDA Stability in Q4
Q4 EBITDA remained flat at $10M year-over-year despite start-up and seasonal effects that weighed on the quarter (management estimates start-up effects reduced performance by ~$3M).
Working Capital Improvement
Working capital requirement improved materially to $0.6M at Dec 31, 2025 from $10M at Dec 31, 2024, indicating stronger balance sheet efficiency and cash management.
CapEx Investment to Support Growth
CapEx cash outflow was $23M in 2025 (up from ~$18–19M prior year) directed to construction and acquisition of proprietary rigs and ancillary infrastructure, supporting planned deployment and longer-term revenue growth.
TSE:FAR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSE:FAR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 02, 2026 | C$3.40 | C$3.37 | -0.88% |
Oct 30, 2025 | C$2.10 | C$2.08 | -0.95% |
Jul 31, 2025 | C$1.63 | C$1.60 | -1.84% |
Apr 30, 2025 | C$1.84 | C$1.78 | -3.26% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Foraco Int'l SA (TSE:FAR) report earnings?
Foraco Int'l SA (TSE:FAR) is schdueled to report earning on May 05, 2026, Before Open (Confirmed).
What is Foraco Int'l SA (TSE:FAR) earnings time?
Foraco Int'l SA (TSE:FAR) earnings time is at May 05, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:FAR EPS forecast?
TSE:FAR EPS forecast for the fiscal quarter 2026 (Q1) is 0.01.