Major Drilling Fiscal Q1 Earnings, Revenue Jump, Beat Forecasts

05:17 PM EDT, 09/02/2026 (MT Newswires) -- Major Drilling Group International (MDI.TO) said Wednesday after trade its fiscal first-quarter earnings jumped 44% to C$0.18 per share from C$0.12 per share in the prior year period. Analysts polled by FactSet had expected C$0.17 per share. The company, which provides contract drilling services to mining companies, said quarterly revenue rose 19% to hit a record C$277.3 million, beating the C$263.6 million FactSet forecast. Each region contributed double-digit revenue growth that was mainly driven by deploying additional rigs, combined with an improved pricing environment, said chief executive Denis Larocque. Major Drilling shares closed up C$0.04 to C$16.47 on the Toronto Stock Exchange.