Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Orbit Garant Drill (TSE:OGD)
:OGD
Holding TSE:OGD?
Track your performance easily
Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 13, 2018
|% Change Since: 7.59%
|Next Earnings Date:Sep 12, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a strong positive performance with record net earnings and revenue growth driven by strategic decisions and favorable market conditions. However, challenges in the junior mining sector and seasonality impacts present ongoing concerns.Company Guidance
During the Orbit Garant Drilling Q1 2025 earnings call, the company reported a significant increase in financial performance, with total revenue reaching $48.4 million, up by 9.3% compared to Q1 last year. The adjusted gross margin improved to 19.7% from 15.2%, reflecting a higher proportion of specialized drilling activities, particularly in Canada, and increased operations in Chile and Guyana. Net earnings soared to $3.2 million, marking the strongest quarterly net earnings in four years, compared to a net loss of $0.4 million the previous year. The company's adjusted EBITDA for the quarter was $6.5 million, more than double compared to $3 million in Q1 last year. The improvement was attributed to stronger operating earnings in both Canadian and international operations, as well as the strategic cessation of unprofitable operations in West Africa. Despite the positive financial results and strong demand from senior mining customers due to high gold and copper prices, the company noted that its improved performance was not fully reflected in its share price, prompting the announcement of a normal course issuer bid to buy back and cancel approximately 5% of its outstanding shares.Record Net Earnings
The company generated the strongest quarterly net earnings in 4 years, with net earnings of $3.2 million or $0.08 per share, compared to a net loss of $0.4 million or $0.01 per share in Q1 last year.
Revenue Growth
Total revenue for the quarter was $48.4 million, an increase of 9.3% compared to Q1 last year.
Improved Gross Margin
Adjusted gross margin increased to 19.7% from 15.2% last year, reflecting increased drilling activity and cessation of unprofitable operations in West Africa.
Strong Performance in International Operations
International revenue increased by 14.8% compared to Q1 last year, driven by increased drilling activity in Chile and Guyana.
Successful Strategic Shift
The exit from West Africa has positively impacted margins, with significant year-over-year growth in profitability in each of the last 3 quarters.
Strong Metal Prices
Gold prices at record highs above USD 2,700 per ounce and copper prices above USD 4 per pound are supporting strong demand from senior mining companies.
---
TSE:OGD 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:OGD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | C$0.79 | C$0.91 | +15.19% |
| Sep 19, 2024 | C$0.53 | C$0.54 | +1.89% |
| May 08, 2024 | C$0.64 | C$0.66 | +3.13% |
| Feb 07, 2024 | C$0.56 | C$0.49 | -12.50% |
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 05, 2025, TBA Not Confirmed.
What is Orbit Garant Drill (TSE:OGD) earnings time?
Orbit Garant Drill (TSE:OGD) earnings time is at Feb 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:OGD EPS forecast?
Currently, no data Available
---