Foraco International is pleased to announce its results for the fourth quarter ended Dec 31, 2024. Q4 2024 Financial Highlights: Revenue: US$60.8 million, compared to US$86.6 million in Q4 2023. Asia Pacific achieved its third consecutive record quarter, while North America maintained a robust level, though slightly lower due to year-end contract phasing. In other regions, revenue was affected by the continued decline in [...]
Foraco International will release its fourth quarter 2024 financial results, prior to TSX market open on Tuesday, Feb 18, 2025. Following the release, Management of the Company will host a Conference Call at 10:00 am ET to review the financial results. The call will be hosted by Tim Bremner, CEO and Fabien Sevestre, CFO. To join the conference call without operator assistance, you may register and enter your phone number [...]
Foraco International has been awarded the "Innovation of the Year" award for 2024 by the Australian Drilling Industry Association for the introduction of their new NGBF 800 Rotary drill rig which has recently been deployed in Western Australia. Tim Bremner, CEO of Foraco, commented, "Foraco has proudly received the Australian Drilling Industry Association 2024 Safety Innovation of the Year award for their NGBF 800 Deep [...]
Foraco International is pleased to announce its results for the third quarter ended September 30, 2024. All amounts are denominated in US Dollars unless otherwise stated. Q3 2024 Highlights: Revenue: Q3 2024 revenue totaled US$77.7 million, down from a record US$95.1 million in Q3 2023. For the second consecutive quarter, two main regions achieved record performance. More specifically: North America delivered US$35.8 [...]
Foraco International will release its third quarter 2024 financial results, prior to TSX market open on Wednesday, October 30, 2024. Following the release, Management of the Company will host a Conference Call at 10:00 am ET to review the financial results. The call will be hosted by Tim Bremner, CEO and Fabien Sevestre, CFO. To join the conference call without operator assistance, you may register and enter your phone [...]
Foraco International announced that the Toronto Stock Exchange has accepted for filing the Company's Notice in respect of a normal course issuer bid to be transacted through the facilities of the TSX and/or through alternative trading systems. Pursuant to the NCIB, Foraco may purchase up to 1,000,000 of its common shares representing approximately 1% of the total 99,251,798 Shares of the Company issued and outstanding as [...]
Foraco International is pleased to announce its results for the second quarter ended June 30, 2024. All amounts are denominated in US Dollars unless otherwise stated. Q2 2024 Highlights: Revenue amounted to US$ 77.9 million, compared to a record US$ 100.1 million in Q2 2023. Two key regions marked their best quarter ever: North America saw an increase of 3%, reaching US$ 32.1 million. Asia-Pacific experienced a 38 [...]
Foraco International will release its second quarter 2024 financial results, prior to TSX market open on Friday, August 2, 2024. Following the release, Management of the Company will host a Conference Call at 10:00 am ET to review the financial results. The call will be hosted by Tim Bremner, CEO and Fabien Sevestre, CFO. To join the conference call without operator assistance, you may register and enter your phone number [...]
Foraco International announced its first quarter 2024 results. All figures are expressed in US Dollars unless otherwise indicated. Revenue Revenue: US$ 77.1 m compared to US$ 88.4 m in Q1 2023. Q1 2024 revenue is the second-best Q1 quarter of the last decade. During Q1 2024, several customers postponed the resumption of activities in January compared to 2023 which was partially recovered in the second part of the quarter [...]
Foraco International will release its first quarter 2024 financial results, prior to TSX market open on Tuesday, April 30, 2024. Following the release, Management of the Company will host a Conference Call at 10:30 am ET to review the financial results. The call will be hosted by Tim Bremner, CEO and Fabien Sevestre, CFO. To join the conference call without operator assistance, you may register and enter your phone number [...]
Foraco International announces the voting results at the ordinary general meeting of shareholders of the Company held on April 12, 2024 in Marseille. In accordance with French law, shareholders of the Company, when voting in elections for directors, are given the option to vote "for" or "against/abstain" for the director nominees, meaning that it is not possible for nominees for directors to receive a majority of [...]
Foraco International announced the completion of the sale of its shareholding in its subsidiary, EDC Russia. The Company is pleased to announce its definitive exit from Russia, with the sale of its shareholding in EDC Russia, a transaction that has received approval from the Russian authorities. This deal results in a marginal net profit for the Company. "Neither TSX Exchange nor its Regulation Services Provider accepts [...]
