Major Drilling Group International Inc. today reported that it will release its second quarter results, ended October 31, 2019, on Wednesday, December 4, 2019 after the markets have closed. Webcast/Conference Call Details Denis Larocque, President & Chief Executive Officer, and Ian Ross, Chief Financial Officer, invite you to participate in a webcast/conference call on Thursday, December 5, 2019 at 9:00 a.m. Eastern to [...]
Major Drilling Group International Inc. is pleased to announce the closing of the previously announced acquisition of all of the issued and outstanding shares of privately-held Norex Drilling Limited , a family-owned drilling company and a leading exploration drilling contractor based in Timmins, Ontario, Canada. The transaction was completed by payment of the cash portion of the purchase price of $15.2 million out of [...]
Major Drilling Group International Inc. is pleased to announce that it has entered into an agreement to acquire all of the issued and outstanding shares of Norex Drilling Limited , a family-owned drilling company and a leading exploration drilling contractor based in Timmins, Ontario, Canada. The purchase price for the acquisition is valued at an amount up to $19.7 million, which will consist of the following: a cash [...]
Major Drilling Group International Inc. is pleased to announce that all director nominees listed in the management proxy circular dated July 15, 2019 were elected as directors of Major Drilling in the course of the annual general meeting of shareholders of the Corporation held September 12, 2019 in Toronto, Ontario. Each of the eight director nominees listed in the Circular was elected by the holders of common shares of [...]
Major Drilling Group International Inc. today reported results for its first quarter of fiscal year 2020, ended July 31, 2019. Highlights In millions of Canadian dollars per share) Q1 2020 Q1 2019 Revenue $117.5 $98.5 Gross profit 30.7 23.4 As percentage of revenue 26.1 % 23.8 % EBITDA 18.0 10.1 As percentage of revenue 15.3 % 10.3 % Net earnings 6.0 Earnings per share 0.08 Earnings before interest, taxes, depreciation [...]
Major Drilling Group International Inc. today reported that it will release its first quarter results, ended July 31, 2019, on Monday, September 9, 2019 after the markets have closed. Webcast/Conference Call Details Denis Larocque, President & Chief Executive Officer, and Ian Ross, Chief Financial Officer, invite you to participate in a webcast/conference call on Tuesday, September 10, 2019 at 9:00 a.m. Eastern to discuss [...]
Major Drilling Group International Inc. today reported results for the year and fourth quarter of fiscal year 2019, ended April 30, 2019. Highlights In millions of Canadian dollars Q4 2019 Q4 2018 YTD 2019 YTD 2018 Revenue $ 100.4 $ 95.4 $ 384.8 $ 342.3 Gross profit As percentage of revenue 23.0 23.0 % 23.1 24.3 % 91.0 23.6 % 74.3 21.7 % EBITDA As percentage of revenue 10.7 10.6 % 10.2 10.7 % 39.2 10.2 % 24.7 7.2 % Net [...]
Major Drilling Group International Inc. today reported that it will release its fourth quarter and year-end results, ended April 30, 2019, on Thursday, June 6, 2019 after the markets have closed. Webcast/Conference Call Details Denis Larocque, President & Chief Executive Officer, and Ian Ross, Chief Financial Officer, invite you to participate in a webcast/conference call on Friday, June 7, 2019 at 9:00 a.m. Eastern to [...]
Denis Larocque, President and CEO of Major Drilling Group International Inc. today announced the appointment of Ian Ross as Chief Financial Officer . David Balser, current CFO, will step down from his position but will continue to serve as a senior advisor to the leadership team through a transition period. Mr. Ross joined Major Drilling in 2011 and was the Company’s Corporate Controller. Mr. Larocque stated [...]
Major Drilling Group International Inc. today reported results for its third quarter of fiscal year 2019, ended January 31, 2019. Highlights In millions of Canadian dollars Q3 2019 Q3 2018 YTD 2019 YTD 2018 Revenue $ 80.4 $ 75.0 $ 284.4 $ 246.9 Gross profit As percentage of revenue 15.6 19.4 % 13.2 17.6 % 68.0 23.9 % 51.1 20.7 % EBITDA As percentage of revenue 2.8 3.5 % 0.1 0.1 % 28.5 10.0 % 14.5 5.9 % Net loss Loss per [...]
Major Drilling Group International Inc. today reported that it will release its third quarter results, ended January 31, 2019, on Thursday, February 28, 2019 after the markets have closed. Webcast/Conference Call Details Denis Larocque, President & Chief Executive Officer, and David Balser, Chief Financial Officer, invite you to participate in a webcast/conference call on Friday, March 1, 2019 at 9:00 a.m. Eastern to [...]
Major Drilling Group International Inc. today reported results for its second quarter of fiscal year 2019, ended October 31, 2018. Highlights In millions of Canadian dollars per share) Q2 2019 Q2 2018 YTD 2019 YTD 2018 Revenue $ 105.5 $ 88.0 $ 204.0 $ 171.9 Gross profit As percentage of revenue 28.9 27.4 % 21.2 24.1 % 52.3 25.7 % 37.9 22.1 % EBITDA As percentage of revenue 15.6 14.8 % 9.1 10.3 % 25.7 12.6 % 14.4 8.4 % Net [...]
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