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Major Drilling Group (TSE:MDI)
TSX:MDI
Earnings Data
Report Date
Jun 05, 2025TBA Not Confirmed
Period Ending
2025 (Q4)Consensus EPS Forecast
0.1Last Year’s EPS
0.12Same Quarter Last Year
Moderate Buy
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 06, 2025
|% Change Since: -0.26%
|Next Earnings Date:Jun 05, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While the acquisition of Explomin and record safety achievements were significant positives, the company faced challenges with decreased margins, a drop in revenue from juniors, and an increased net loss. The balance sheet remains strong and there is optimism for increased activity in 2025, driven by senior customer budgets. Overall, the sentiment leans towards cautious optimism.Company Guidance
During the third quarter of fiscal 2025, Major Drilling reported a revenue increase of 21% year-over-year to $160.7 million, largely driven by the acquisition of Explomin. Despite a 60% drop in revenue from juniors, the company maintained overall stability through increased demand from senior customers and Explomin's senior-focused revenue. The total recordable injury frequency rate hit a company record low of 0.38, earning Major Drilling the Safe Everyday Gold Award. Geographically, Latin America and Australasia showed strong performance, while North America faced temporary setbacks due to early project shutdowns and reduced junior activity. The quarter's gross margin was 19.5%, down from 23.4% the previous year, affected by regional activity levels and maintenance programs. Major Drilling ended the quarter with a net cash position of over $11 million, having invested $12.6 million in capital expenditures. The company's fleet utilization was 43%, with specialized work accounting for 60% of total revenue. Copper surpassed gold as the primary revenue driver, representing 41% of the mix, following the Explomin acquisition. Despite a net loss of $9.1 million, Major Drilling remains optimistic for a busier 2025, buoyed by increased senior exploration budgets and recent junior financings.Successful Acquisition and Revenue Growth
Successfully completed the acquisition of Explomin, contributing to a 21% increase in revenue to $160.7 million from $132.8 million the previous year.
Record Safety Performance
Achieved the lowest total recordable injury frequency rate in the company's history at 0.38 and received the Safe Everyday Gold Award.
Strong Balance Sheet
Despite the largest acquisition in company history, ended the quarter with a net cash position of over $11 million.
Positive Outlook for 2025
Anticipated increase in activity and exploration budgets from senior gold and copper customers, with a high level of activity expected in 2025.
Increased Specialized Services Revenue
Specialized work accounted for 60% of total revenue, demonstrating high demand for specialized services.
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TSE:MDI 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
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TSE:MDI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 06, 2025 | C$7.78 | C$8.00 | +2.83% |
| Dec 05, 2024 | C$8.86 | C$8.89 | +0.34% |
| Sep 04, 2024 | C$8.99 | C$7.94 | -11.68% |
| Jun 11, 2024 | C$9.45 | C$8.90 | -5.82% |
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.
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FAQ
When does Major Drilling Group (TSE:MDI) report earnings?
Major Drilling Group (TSE:MDI) is schdueled to report earning on Jun 05, 2025, TBA Not Confirmed.
What is Major Drilling Group (TSE:MDI) earnings time?
Major Drilling Group (TSE:MDI) earnings time is at Jun 05, 2025, TBA Not 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:MDI EPS forecast?
TSE:MDI EPS forecast for the fiscal quarter 2025 (Q4) is 0.1.
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