Orbit Garant Drilling announced its financial results for the three-month and nine-month periods ended March 31, 2024. Financial Highlights Three months ended March 31, 2024 Three months ended March 31, 2023 Nine months ended March 31, 2024 Nine months ended March 31, 2023 Revenue 48.2 49.3 135.9 154.2 Gross Profit 6.2 4.6 13.1 17.7 Gross Margin 12.8 9.4 9.6 11.5 Adjusted Gross Margin ¹ 17.3 14.4 15.0 16.3 EBITDA¹ 3.9 4.5 [...]
Orbit Garant Drilling will release its fiscal 2024 third quarter financial results after market close on Wednesday, May 8, 2024. Pierre Alexandre, President and CEO, and Daniel Maheu, CFO, will host a conference call for analysts and investors on Thursday, May 9, 2024 at 10:00 a.m. To join the conference call without operator assistance, you can register and enter your phone number at https://emportal.ink/4cNlOIO to [...]
Orbit Garant Drilling announced its financial results for the three-month and six-month periods ended Dec 31, 2023. Financial Highlights Three months ended December 31, 2023 Three months ended Dec 31, 2022 Six months ended Dec 31, 2023 Six months ended Dec 31, 2022 Revenue 43.4 51.6 87.7 104.9 Gross Profit 2.8 6.8 6.9 13.0 Gross Margin 6.4 13.1 7.9 12.4 Adjusted Gross Margin ¹ 12.2 18.1 13.7 17.2 EBITDA2 1.0 6.9 4.0 12.7 [...]
Orbit Garant Drilling will release its fiscal 2024 second quarter financial results after market close on Wednesday, February 7, 2024. Pierre Alexandre, President and CEO, and Daniel Maheu, CFO, will host a conference call for analysts and investors on Thursday, Feb 8, 2024 at 10:00 a.m. To join the conference call without operator assistance, you can register and enter your phone number at https://emportal.ink/3RWhu0p to [...]
Orbit Garant Drilling announced the results of voting at its annual meeting of shareholders held earlier today in Val-d'Or. All of the nominees listed in the management information circular prepared in connection with the Meeting were elected as directors of the Company. Detailed results of the election are set out below: Director Nominees Pierre Alexandre 22,121,979 181,000 99.19 % 0.81 % Jean-Yves Laliberté 19,403,129 [...]
Orbit Garant Drilling will release its fiscal 2024 first quarter financial results after market close on Monday, Nov 13, 2023. Pierre Alexandre, President and CEO, and Daniel Maheu, CFO, will host a conference call for analysts and investors on Tuesday, Nov 14, 2023 at 10:00 a.m. To join the conference call without operator assistance, you can register and enter your phone number at https://emportal.ink/46ReV5n to receive [...]
Fourth quarter and year-end gross margins and net earnings reflect a $4.2 million one-time, non-cash charge related to a write-down of inventory as Company plans to exit Burkina Faso. Orbit Garant Drilling announced its financial results for the three-month period and fiscal year ended June 30, 2023. Financial Highlights Three months ended June 30, 2023 Three months ended June 30, 2022 Year ended June 30, 2023 Year ended [...]
Orbit Garant Drilling will release its fiscal 2023 fourth quarter and year-end financial results after market close on Tuesday, September 19, 2023. Pierre Alexandre, President and CEO, and Daniel Maheu, CFO, will host a conference call for analysts and investors on Wednesday, Sept 20, 2023 at 10:00 a.m. . To join the conference call without operator assistance, you can register and enter your phone number at [...]
Orbit Garant Drilling announced that it has now restarted operations on all its surface and underground drilling projects in Québec that had been previously suspended due to the impact of wildfires in the province. "As expected, following the suspension of our drilling operations in Québec throughout much of June, we started ramping up these drilling projects in early July and we have now fully resumed our operations [...]
Orbit Garant Drilling announced that it was forced to suspend all its surface and underground drilling projects in Québec and one project in Ontario as a result of the recent forest fires in Québec. The suspension of the Company's drilling operations in Québec started from May 29, 2023 on certain projects and then expanded from there as the fires spread. The Company currently expects that its drilling activity in Québec [...]
Orbit Garant Drilling announced its financial results for the three-month and nine-month periods ended March 31, 2023. All dollar amounts are in Canadian dollars unless otherwise stated. Financial Highlights Three months ended March 31, 2023 Three months ended March 31, 2022 Nine months ended March 31, 2023 Nine months ended March 31, 2022 Revenue $49.3 $45.2 $154.2 $141.6 Gross Profit $4.6 $0.3 $17.7 $6.8 Gross Margin [...]