Foraco International in accordance with Toronto Stock Exchange requirements, announces the voting results at the ordinary meeting of shareholders of the Company held on April 6, 2023 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 [...]
Foraco International announced it has signed a Preliminary Agreement with its partners to dispose of its participation in Russia. Foraco was present in Russia through a 50% stake into Eastern Drilling Company. Since 2010 the Company has been providing technical and out of the country support services to EDC until the beginning of 2022. Today Foraco [...]
Foraco International SA announces the planned retirement of Chairman and co-CEO Daniel Simoncini and co-CEO and CFO Jean-Pierre Charmensat from their executive management positions effective as of July 1, 2023. Mr. Simoncini and Mr. Charmensat will continue to serve on the Board of Directors and support an orderly transition, and will undertake [...]
Q4 revenue increased 23% to US$84.9 million Q4 EBITDA increased 82% to US$17.1 million FY 2022 revenue increased 23% to US$330.6 million, benefiting from strategic positioning in key commodities Record FY 2022 EBITDA of US$66.5 million Strong FY 2023 backlog of US$229.6 million confirming strength of business model FY 2022 utilization rate of 58 [...]
Foraco International SA will release its fourth quarter 2022 financial results, prior to TSX market open on Thursday, February 16, 2023. 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 Daniel Simoncini, Chairman & Co-CEO and Jean-Pierre [...]
Foraco International SA announced it has been awarded recently a series of major contracts with Vale Canada. Over the last few weeks, Foraco has won new contracts and successfully negotiated multiyear extensions to existing contracts with Vale Canada for the provision of exploration, definition drilling and large diameter rotary drilling. The [...]
Foraco International SA released its unaudited financial results for the third quarter 2022. All figures are expressed in US Dollars unless otherwise indicated. Highlights In USD millions Q3 2022 Q3 2021 Variation TTM Revenue 91.4 70.6 +30 % 314.5 EBITDA 23 13.8 +67 % 58.8 Net Profit 11.2 6.6 +70 % 21.3 Net Debt 86.9 Exclusing Q3 2021 non recurring [...]
Foraco International SA will release its third quarter 2022 financial results, prior to TSX market open on Friday, October 28, 2022. Following the release, Management of the Company will host a Conference Call at 11:00 am ET to review the financial results. The call will be hosted by Daniel Simoncini, Chairman & Co-CEO and Jean-Pierre Charmensat [...]
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 [...]
Presentation Times and Weblinks Released for Over 100 Presenting Companies Wednesday and Thursday, September 21-22, 2022 Sidoti & Company, LLC has released the presentation schedule and weblinks for its two-day September Small-Cap Conference taking place Wednesday and Thursday, September 21-22, 2022. The links can also be found at [...]
Foraco International SA a leading global provider of mineral drilling services, today released its unaudited financial results for the second quarter 2022. All figures are expressed in US Dollars unless otherwise indicated. "Revenue for the second quarter of 2022 was US$ 86.5 million, up 14% compared to the same quarter last year. The rigs [...]
In the news release, FORACO PROVIDES NOTICE OF 2022 Q2 RESULTS & CONFERENCE CALL, issued 25-Jul-2022 by Foraco International SA over PR Newswire, we are advised by the company that the first paragraph, first sentence, should read "will release its second quarter 2022 financial results, prior to TSX market open on Thursday, July 28, 2022." rather [...]
