Major Drilling Group International Q4 Earnings Call Highlights
Key takeaways
- Record fiscal 2026 performance: Major Drilling reported annual revenue of CAD 889 million, up 22% year over year and the highest in its 46-year history, driven by stronger drilling activity across all regions.
- Profitability improved despite cost pressure: Q4 EBITDA rose 37% to CAD 28 million and net earnings increased to CAD 8.2 million, helped by improved pricing and operating leverage.
- The company said labor shortages and training costs may delay margin expansion early in the year, especially in North America.
Major Drilling Group International Q4 Earnings Call Highlights Major Drilling Group International logo Market Beat Thu, June 11, 2026 at 8:04 PM GMT+7 7 min read MDI.TO MDI.NE Key Points Interested in Major Drilling Group International Inc.? Here are five stocks we like better.
Record fiscal 2026 performance: Major Drilling reported annual revenue of CAD 889 million, up 22% year over year and the highest in its 46-year history, driven by stronger drilling activity across all regions. Fourth-quarter revenue also climbed 25% as North America led growth.
Profitability improved despite cost pressure: Q4 EBITDA rose 37% to CAD 28 million and net earnings increased to CAD 8.2 million, helped by improved pricing and operating leverage. Margins were broadly steady as higher labor and consumable costs were offset by stronger activity.