Major Drilling Group International Inc. (T:MDI*CA)
Business Focus: Mining Support Services & Equipment (NEC)
| 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: | $711.90M 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: | 81,793,486 as of May 6, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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