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Foraco Int'l SA (TSE:FAR)
TSX:FAR
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.06Last Year’s EPS
0.13Same Quarter Last Year
Moderate Buy
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 18, 2025
|% Change Since: -15.18%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong performance and growth in North America and Asia Pacific as well as recognition for innovation in Australia. However, significant revenue declines in South America and EMEA coupled with overall revenue drop and geopolitical challenges present substantial issues. The sentiment is balanced with positive strategies and achievements but overshadowed by notable setbacks.Company Guidance
During the Foraco International SA Q3 2024 earnings call, the company reported a decrease in revenue to $78 million, down from $95 million in Q3 2023, representing an 18% decline. EBITDA also fell to $16.1 million, or 21% of revenue, compared to $25 million, or 26% of revenue, in the previous year. Despite the overall downturn, North America and Australia achieved significant revenue growth, with increases of 11% and 27%, respectively. The Water business remained stable, contributing 14% of total revenue, aided by the deployment of the NGBF rotary drill in Western Australia, which recently won an industry innovation award. The company highlighted a strategic focus on long-term contracts with Tier 1 customers, which now account for 91% of their business. Although geopolitical tensions are affecting the exploration sector, especially for junior miners, Foraco remains optimistic about future opportunities, particularly in critical metals and water services, with plans to expand their innovative rotary rig deployments.Record Performance in Key Regions
North America and Asia Pacific recorded their second consecutive record performances, with North America achieving an 11% revenue increase to $35.8 million and Asia Pacific seeing a 27% increase to $25 million.
Innovation Award for NGBF Rotary Drill
Foraco won the Australian Drilling Industry Association Innovation of the Year Award for the NGBF rotary drill, highlighting its compact design, reliability, and remote-controlled capabilities.
Strategy on Long-term Contracts
The strategy of focusing on long-term contracts for Tier 1 customers resulted in this segment growing by 2% compared to Q3 last year, now representing 91% of the business.
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TSE:FAR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:FAR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 18, 2025 | C$2.24 | C$1.86 | -16.96% |
| Oct 30, 2024 | C$2.30 | C$2.29 | -0.43% |
| Aug 02, 2024 | C$2.74 | C$2.52 | -8.03% |
| Apr 30, 2024 | C$3.14 | C$2.94 | -6.37% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Foraco Int'l SA (TSE:FAR) report earnings?
Foraco Int'l SA (TSE:FAR) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Foraco Int'l SA (TSE:FAR) earnings time?
Foraco Int'l SA (TSE:FAR) earnings time is at May 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:FAR EPS forecast?
TSE:FAR EPS forecast for the fiscal quarter 2025 (Q1) is 0.06.
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