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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.
Orbit Garant Drilling
Orbit Garant Drilling (OGD) investor relations material
Orbit Garant Drilling Q1 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2027 earnings summary12 Nov, 2026
Executive summary
Q1 FY2027 revenue reached a record $60.128m, up 28.9% YoY, while utilization rose to 72%, the highest quarterly level since FY2012.
Net loss was $858k versus earnings of $349k a year earlier; adjusted EBITDA was $3.9m versus $3.8m.
Four consecutive quarters of sequential revenue growth; focus is shifting from ramp-up investment toward productivity, margins and earnings.
Financial highlights
Gross profit was $5.120m versus $5.659m, and gross margin was 8.5% versus 12.1%.
Adjusted gross profit was $8.5m versus $8.0m; adjusted gross margin was 14.1% versus 17.0%, excluding depreciation and asset-disposal gains.
Adjusted EBITDA was $3.9m versus $3.8m; its margin declined to 6.4% from 8.1%.
Net loss was $858k, or $0.02 per diluted share, versus net earnings of $349k, or $0.01 per diluted share.
Operating activities used $2.773m cash; PP&E acquisitions were $11.578m.
Outlook and guidance
Strong utilization is expected through FY2027, with utilization potentially approaching 75% by year-end; experienced-driller shortages may limit further gains.
Improved pricing, contract ramp-ups and gradual productivity gains are expected to support profitability through FY2027.
Adjusted gross margin’s long-term target is 20% or higher, with a desired timeframe of 12 months; achievement depends on productivity gains and contract ramp-up.
The northern Canada contract is expected to contribute positively to the bottom line from H2 FY2027.
Priorities include specialized contracts, cost and cash discipline, productivity, technology, training, retention, safety and environmental standards.
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Latest events from Orbit Garant Drilling
- Record Q4 revenue and 70% utilization position specialized drilling for sector demand growth.OGD
Investor presentation - Record revenue and high rig utilization offset by lower margins; margin recovery expected in 2027.OGDQ4 2026
- Record Q3 revenue and utilization, but lower margins and net loss amid new contract ramp-up.OGDQ3 2026
- Revenue up 10.5% and utilization at two-year highs, but margins narrowed amid strong demand.OGDQ2 2026
- Directors and auditor reappointed; FY2025 profit up, with strong outlook despite Q1 delays.OGDAGM 2025
- Q4 margins exceeded 20% as West Africa exit and Chile gains narrowed losses.OGDQ4 2024
- Net earnings hit a four-year high, driven by revenue growth and margin expansion.OGDQ1 2025
- Q3 revenue rose 3.9% and net earnings increased 35% on international growth and FX gains.OGDQ3 2025
- Profitability surged on higher margins and record gold prices, supporting a strong outlook.OGDQ2 2025
Next Orbit Garant Drilling earnings date
Q2 202711 Feb, 2027
Orbit Garant Drilling
Next Orbit Garant Drilling earnings date
Q2 202711 Feb, 2027
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Frequently asked questions
Orbit Garant Drilling Inc is a Canadian company that provides drilling services to the mining and mineral exploration industry. The company offers surface and underground drilling, specialized geotechnical drilling, and customized equipment solutions. It operates in Canada and select international markets. Orbit Garant Drilling Inc is headquartered in Val-d'Or, Canada, and its shares are listed on the TSX.