Canada's Foraco Q4 revenue rises 4% on South America growth

Foraco International SA

02/03/2026 11:12

Overview

Global drilling services firm's Q4 revenue rose 4% but missed analyst expectations

Net profit for Q4 increased 10% compared to last year

Company reported record order backlog, indicating strong future visibility

Outlook

Foraco expects to execute $228.5 mln of its backlog in FY 2026

Company sees strong revenue visibility for FY 2026 due to record backlog

Foraco plans capital expenditure to support long-term growth

Result Drivers

SOUTH AMERICA GROWTH - Revenue in South America nearly doubled year-on-year due to new long-term contracts

RECORD BACKLOG - Co reported record order backlog, providing strong visibility for future operations

SEASONAL BREAKS - Early seasonal break in drilling operations impacted North America and Asia-Pacific

Company press release: ID:nCNWhfR4sa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
$63.10 mln
$64.15 mln (2 Analysts)
Q4 Net Income
$2.31 mln
Q4 EBITDA
$10.42 mln
Q4 Gross Profit
$10.11 mln
Q4 Operating Income
$5.12 mln


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the mining support services & equipment peer group is "buy."

Wall Street's median 12-month price target for Foraco International SA is C$3.63, about 6.6% above its February 27 closing price of C$3.40

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)