Major Drilling Group International Inc. (MDI) Earnings Call Transcripts
Major Drilling Group International Inc.'s Latest Earnings Call - Q4 FY2026
Major Drilling Group International Inc. reported a strong fourth quarter for fiscal 2026, with revenue increasing by 24.6% year-over-year to $233.7 million, driven by significant growth in North America. The company achieved record annual revenue of $889 million, up 22% from the previous year. Net earnings rose to $8.2 million, or $0.10 per share, from $1 million, or $0.01 per share, in the prior year period. Management maintained its optimistic outlook for fiscal 2027, citing continued strong demand and increased exploration budgets, despite labor challenges.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $233.7M (beat) |
| Net Earnings | $8.2M (beat) |
| EBITDA | $28M (beat) |
| CAPEX | $61M (inline) |
| Gross Margin | 22% (inline) |
Guidance from management
Management expects continued revenue growth in fiscal 2027, driven by increased exploration budgets and junior activity. CAPEX is projected at $75 million, with a focus on fleet modernization.
What analysts pressed on
Analysts expressed concerns about the impact of labor shortages on productivity and the timing of cost recovery in North America. Questions were raised about the CAPEX distribution and labor training timelines.
Main topics on the call
- Revenue Growth — Fourth quarter revenue increased by 24.6% year-over-year to $233.7 million, with North America leading the growth. Fiscal 2026 revenue reached a record $889 million, up 22%.
- EBITDA Improvement — EBITDA for the fourth quarter was $28 million, a 37% increase from the previous year's $20.5 million, driven by operational leverage and improved pricing.
- Labor Challenges — Management highlighted labor as a significant challenge, with efforts to increase the number of trainee drillers and improve retention. This is expected to temporarily affect productivity.
- Capital Expenditures — CAPEX for fiscal 2026 was $61 million, below the initial guidance of $70 million. The company plans to spend approximately $75 million in fiscal 2027 to modernize its fleet.
Read the full Major Drilling Group International Inc. transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Major Drilling Group International Inc.
Major Drilling Group International Inc. (MDI) is a publicly listed company in the Metals and Mining industry, within the Materials sector. It trades on TSX and is based in CA. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 36 calls on record spanning February 28, 2020 to September 3, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 36 Major Drilling Group International Inc. earnings call transcripts on record, spanning February 28, 2020 to September 3, 2026. Based on this history, Major Drilling Group International Inc. reports quarterly. The most recent call on file is dated September 3, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- MDI
- Exchange
- TSX
- Country
- CA
- Sector
- Materials
- Industry
- Metals and Mining
- Calls on record
- 36
- First call
- February 28, 2020
- Most recent
- September 3, 2026
- Reporting cadence
- quarterly