Sector: Basic Materials | Industry: Mining Support Services & Equipment |
Company Contact | |
Address: | 111 St. George Street, Suite 100 MONCTON NB E1C 1T7 |
Tel: | N/A |
Website: | https://www.majordrilling.com |
IR: | See website |
Key People | ||
Denis Joseph Larocque President, Chief Executive Officer, Director | Ian Ross Chief Financial Officer | John Ross Davies Vice President Operations - Australasia |
Ashley Sedrick Martin Vice President Operations - Latin America | Andrew Mclaughlin Vice President - Legal Affairs, General Counsel, Secretary | Benjamin Luke Graham Vice President - Human Resources and Safety |
Business Overview |
Major Drilling Group International Inc. is a Canada-based drilling services company primarily serving the mining industry. It provides a complete suite of drilling services, including surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, underground percussive/longhole drilling, surface drill and blast, and a variety of mine services. It maintains field operations and offices in Canada, the United States, Mexico, South America, Asia, Africa, and Australia. The Company has two categories of customers: junior exploration companies and a diversified portfolio of senior/intermediate companies, for which the Company provides greenfield exploration drilling and/or drilling at operating mines. The Company has invested in a fleet of digitized mobile underground drills that allow less dependence on client resources, as well as increased ability for automation and versatility. |
Financial Overview |
For the nine months ended 31 January 2024, Major Drilling Group International Inc revenues decreased 2% to C$538.7M. Net income decreased 20% to C$43.2M. Revenues reflect Drilling - Canada/United States segment decrease of 11% to C$270.4M. Net income also reflects Foreign exchange (gain) loss increase from C$2M to C$4.9M (expense), Employee salaries and benefit expenses increase of 7% to C$26.9M (expense). |
Employees: | 3,462 as of Apr 30, 2023 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $742.44M as of Jan 31, 2024 |
Annual revenue (TTM): | $723.63M as of Jan 31, 2024 |
EBITDA (TTM): | $137.29M as of Jan 31, 2024 |
Net annual income (TTM): | $63.95M as of Jan 31, 2024 |
Free cash flow (TTM): | $32.74M as of Jan 31, 2024 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 81,786,486 as of Mar 1, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |