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Major Drilling Group (TSE:MDI)
TSX:MDI
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
<0.01Last Year’s EPS
-0.03Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 04, 2018
|% Change Since: -2.03%
|Next Earnings Date:Sep 04, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted strong operational performance in select regions and strategic growth through acquisitions, but was offset by declines in revenue and earnings, particularly due to challenges in North America and increased operating costs. The acquisition of Explomin and the strong cash position provide positive outlooks for future growth.Company Guidance
During the earnings call for Major Drilling's second quarter of fiscal 2025, several key metrics and guidance were discussed. The company reported revenue of $189.3 million, slightly down from the previous year's $207 million for the same period. The adjusted gross margin was 30.5%, and the EBITDA stood at $38.7 million, compared to $43.6 million in the prior year. Net earnings were $18.2 million or $0.22 per share. The company ended the quarter with a strong net cash position of $100.4 million. Capital expenditures amounted to $20.1 million, which included the addition of five new drill rigs, bringing the total to 610 rigs. The utilization rates for specialized, conventional, and underground drills were 41%, 43%, and 47%, respectively. Revenue from specialized drilling accounted for 64% of the total, with the remainder split between conventional and underground drilling. The company also announced the acquisition of Explomin, which is expected to enhance their presence in South America, particularly in Peru, while contributing $95 million in revenue and $16 million in EBITDA over the past 12 months. Looking forward, the company remains optimistic about increased exploration spending, driven by higher gold prices and growing copper demand, amid ongoing industry challenges.Canadian Team Safety Award
The Canadian team won the Safe Day Every Day Gold Award for achieving over 1.1 million hours without a lost time injury.
Successful Acquisition of Explomin
Major Drilling acquired Explomin, strengthening their presence in South America with a focus on specialized drilling. Explomin generated USD 95 million in revenue and USD 16 million in EBITDA over the past 12 months.
Strong Performance in Chile and Australia
Chilean and Australian regions continued to perform well, offsetting lower activity levels in North America.
Specialized Services Demand
Specialized work accounted for 64% of total revenue, indicating strong demand for specialized drilling services.
Strong Cash Position
The company ended fiscal Q2 with a net cash balance of $100.4 million, providing flexibility for future investments.
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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 |
|---|---|---|---|
| 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% |
| Feb 29, 2024 | C$7.83 | C$7.74 | -1.15% |
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 Feb 27, 2025, TBA Not Confirmed.
What is Major Drilling Group (TSE:MDI) earnings time?
Major Drilling Group (TSE:MDI) earnings time is at Feb 27, 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 (Q3) is <0.01.
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