Foraco International reports a robust performance for Q3 2023

Foraco International reports a robust performance for Q3 2023

Foraco International SA has announced its third quarter of 2023. The Q3 2023 Financial Metrics were as follows: Revenue: US$ 95.1 million (+4% YoY), EBITDA: US$ 25.0 million (+9% YoY) and EBITDA as % of Revenue: 26.3% (up from 25.2% in Q3 2022). The company also continued to build on its momentum from the previous quarters, maintaining a trajectory of profitable growth driven by sustained demand in battery metals, gold, and water. The Rig Utilization Rate remained steady at 58%.

Foraco International SA, a client of our Bristol Investor Relations firm, is a leading global provider of mineral drilling services.

Read the full press release here: Foraco International reports a robust performance for Q3 2023

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