TORONTO and MARSEILLE, France, Nov. 5, 2024 /CNW/ - Foraco International SA , a leading global provider of drilling services, 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 [...]
TORONTO, Ontario and MARSEILLE, France, Oct. 30, 2024 /CNW/ - Foraco International SA , a leading global provider of drilling services, 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$77.7 [...]
Foraco International will release its third quarter 2024 financial results, prior to TSX market open on Wednesday, October 30, 2024. Following the release, Management of the Company will host a Conference Call at 10:00 am ET to review the financial results. The call will be hosted by Tim Bremner, CEO and Fabien Sevestre, CFO. To join the conference [...]
and MARSEILLE, France, Sept. 27, 2024 /CNW/ - Foraco International SA today announced that the Toronto Stock Exchange has accepted for filing the Company's Notice in respect of a normal course issuer bid to be transacted through the facilities of the TSX and/or through alternative trading systems. Pursuant to the NCIB, Foraco may purchase up to [...]
Company pivots its business towards more stable jurisdictions. Temporary revenue contraction while maintaining good profitability. Best quarter ever in North America and Australia. TORONTO and MARSEILLE, France, Aug. 2, 2024 /CNW/ - Foraco International SA , a leading global provider of drilling services, is pleased to announce its results for the [...]
TORONTO and MARSEILLES, France, July 26, 2024 /CNW/ - Foraco International SA , a leading global provider of mineral drilling services, will release its second quarter 2024 financial results, prior to TSX market open on Friday, August 2, 2024. Following the release, Management of the Company will host a Conference Call at 10:00 am ET to review the [...]
TORONTO and MARSEILLE, France, April 30, 2024 /CNW/ - Foraco International SA , a leading global provider of mineral and water drilling services, today announced its first quarter 2024 results. All figures are expressed in US Dollars unless otherwise indicated. Revenue Revenue: US$ 77.1 m compared to US$ 88.4 m in Q1 2023 . Q1 2024 revenue is the [...]
TORONTO and MARSEILLES, France , April 24, 2024 /CNW/ - Foraco International SA , a leading global provider of mineral drilling services, 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 [...]
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 [...]
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 [...]
Foraco International announced the termination of the Investor Rights Agreement dated July 7, 2021 among the Company, Oaktree Capital Management, Kartesia Securities IV S.A , Jean-Pierre Charmensat, Daniel Simoncini, and the holding companies of Daniel Simoncini and Jean-Pierre Charmensat. Following the disposition by Oaktree and Kartesia of their [...]
Foraco International is pleased to announce its results for the fourth quarter and full year ended Dec 31, 2023. All amounts are denominated in US Dollars unless otherwise stated. Q4 2023 Financial Metrics: Revenue: US$ 86.6 m EBITDA: US$ 18.7 m EBITDA as % of Revenue: 21.6% Net Debt Reduction: US$ 65.2 m at year-end 2023 compared to US$ 76.2 m at [...]
