The earnings call presented a mixed picture with both positive and negative aspects. While the company faces short-term challenges, such as decreased revenue and gross margin due to project delays, it is optimistic about future demand driven by high metal prices and increased bidding activities. The company is well-positioned to meet higher demand with its existing operational capacity, and it has strategies to enhance profitability and shareholder value.

Company Guidance

In the recent conference call, Orbit Garant Drilling provided guidance indicating a challenging first quarter of fiscal 2026, with revenue declining by 3.7% to $46.7 million compared to the same quarter last year. Adjusted gross margin dropped to 17% from 20.2% the previous year, primarily due to project completions and client-initiated delays in Canada and South America. Despite these setbacks, the company remains optimistic about future growth due to near-record gold prices above USD 4,000 an ounce and copper prices exceeding USD 5 per pound. They reported a net increase in long-term debt to $19.3 million as of September 30, 2025, driven by equipment shipments to northern projects. However, Orbit Garant anticipates increased customer demand and a significant rise in bidding activity, with plans to strategically expand their drilling capacity to capitalize on these opportunities. They expect working capital to remain stable for the rest of the year and are cautiously optimistic about improved financial performance in the coming quarters.

Increased Demand in Drilling Services

Demand for drilling services in Canada and South America is increasing due to near record gold prices and elevated copper prices. Bidding activities on new projects have increased significantly in recent weeks.

Operational Capacity for Higher Demand

Orbit Garant Drilling has the operational capacity to accommodate higher customer demand with minimal capital expenditure, which presents an opportunity to expand profitability despite a competitive environment.

Positive Outlook for Metal Prices

Gold prices reached all-time highs, and copper prices hit record levels, supporting favorable demand for Orbit Garant Drilling's services, particularly in Chile.

Share Repurchase Program

Toronto Stock Exchange approved a renewed normal course issuer bid to repurchase up to 500,000 shares, enhancing shareholder value.

Orbit Garant Drill (TSE:OGD) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:OGD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 11, 2026	2026 (Q2)	- / -	0.042	―	―	―
Nov 12, 2025	2026 (Q1)	- / <0.01	0.085	-89.41% (-0.08)	―	―
Sep 24, 2025	2025 (Q4)	- / <0.01	-0.031	112.90% (+0.04)	―	―
May 07, 2025	2025 (Q3)	- / 0.07	0.06	18.33% (+0.01)	―	―
Feb 12, 2025	2025 (Q2)	- / 0.04	-0.04	205.00% (+0.08)	―	―
Nov 13, 2024	2025 (Q1)	- / 0.09	-0.01	950.00% (+0.10)	―	―
Sep 19, 2024	2024 (Q4)	- / -0.03	0.03	-203.33% (-0.06)	―	―
May 08, 2024	2024 (Q3)	- / 0.06	-0.01	700.00% (+0.07)	―	―
Feb 07, 2024	2024 (Q2)	- / -0.04	0.057	-170.18% (-0.10)	―	―
Nov 13, 2023	2024 (Q1)	- / -0.01	0.029	-134.48% (-0.04)	―	―

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:OGD Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 12, 2025	C$1.73	C$1.47	-15.03%
Sep 24, 2025	C$1.85	C$1.74	-5.95%
May 07, 2025	C$1.57	C$1.52	-3.18%
Feb 12, 2025	C$1.13	C$1.20	+6.19%

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 Orbit Garant Drill (TSE:OGD) report earnings?

Orbit Garant Drill (TSE:OGD) is schdueled to report earning on Feb 11, 2026, After Close (Confirmed).

What is Orbit Garant Drill (TSE:OGD) earnings time?

Orbit Garant Drill (TSE:OGD) earnings time is at Feb 11, 2026, After Close (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?

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What is TSE:OGD EPS forecast?

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