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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Foraco International
Foraco International (FAR) investor relations material
Foraco International Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary28 Oct, 2026
Executive summary
Q3 revenue rose 21.4% YoY to US$86.2M, the third consecutive quarter of growth above 20%; rig utilization reached 53% from 35% a year earlier.
Higher activity lifted EBITDA, but lower margins, increased depreciation and finance costs weighed on operating profit and net income; margin recovery, cash conversion and debt reduction remained priorities.
Financial highlights
Q3 EBITDA was US$15.4M versus US$14.2M; operating profit was US$8.7M versus US$9.2M, and net profit was US$4.4M versus US$5.5M.
Q3 basic EPS was US4.56¢ versus US5.56¢.
9M revenue was US$237.0M versus US$195.1M; EBITDA was US$37.8M versus US$35.2M, while operating profit was US$18.4M versus US$21.8M.
9M net profit was US$8.5M versus US$12.5M; basic EPS was US9.39¢ versus US12.70¢.
Outlook and guidance
No specific Q4 2026 or 2027 margin target or numerical financial guidance was provided; pricing adjustments, improved contract execution and productivity are expected to support margin and cash generation.
60% utilization was described as operationally achievable, not formal guidance; backlog and pipeline offer scope for further gains in 2027.
Working capital is expected to normalize as contracts progress and receivables are collected; no Q4 target was given.
Further deleveraging is planned after the major investment program; no leverage endpoint was specified.
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Latest events from Foraco International
- Q2 2026 revenue rose 22.4% YoY, with margin recovery expected despite inflationary pressures.FAR
Q2 2026 - Revenue up 20.4% to $66.3M, with margin recovery expected as utilization increases.FARQ1 2026
- Record order book and South American growth support improved 2026 outlook and margin gains.FARQ4 2025
- Q3 revenue fell 9% to $71M, but margins held firm as new contracts and growth in key regions drive optimism.FARQ3 2025
- Growth driven by Tier One clients, innovation, and water services, with a focus on EV metals.FARPlanet MicroCap Showcase
- Record North America and Asia Pacific results offset revenue drop from exits and sector headwinds.FARQ2 2024
- Revenue dropped 18% year-over-year, but North America and Asia-Pacific set new records.FARQ3 2024
- Revenue and profit fell, but Asia Pacific and Water segments posted strong growth.FARQ1 2025
- Revenue dropped 21% in 2024, but margins held; gold and regional growth expected in 2025.FARQ4 2024
Next Foraco International earnings date
Q4 202612 Feb, 2027
Foraco International
Next Foraco International earnings date
Q4 202612 Feb, 2027
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Frequently asked questions
Foraco International SA is a leading global provider of drilling services, specializing in mineral and water drilling. Established in 1961 in France, the company initially focused on manufacturing drilling rigs. Over the decades, Foraco has expanded its services globally, operating in harsh and remote environments such as deserts, rainforests, and Arctic territories. The company offers a variety of drilling services, including those for mineral exploration and development, as well as drilling wells for drinking, irrigation, and industrial water. The company is headquartered in Marseille, France, and its shares are listed on the Toronto Stock Exchange.