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Major Drilling management commentary says fiscal Q1 2027 revenue rises 22.4% on new North America contracts, pricing gains

PUBT·09/02/2026 21:10:05
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Major Drilling management commentary says fiscal Q1 2027 revenue rises 22.4% on new North America contracts, pricing gains
  • Major Drilling management commentary flagged record quarterly revenue in fiscal 2027 Q1, up 22.4% to CAD 277.3 million.
  • Growth linked to new contract starts, higher pricing in North America, favorable FX translation of about CAD 8 million.
  • Canada-U.S. revenue rose 31.6% to CAD 110.7 million; labour availability remained a constraint across the region.
  • South and Central America revenue increased 18.4% to CAD 113.4 million, led by Peru; Mexico and Brazil also expanded.
  • Adjusted gross margin fell to 24% from 25.2% on wage and training costs, ramp-up expenses, Chile weather disruptions; partly offset by pricing gains.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Major Drilling Group International Inc. published the original content used to generate this news brief on September 02, 2026, and is solely responsible for the information contained therein.