Foraco International SA, a leading global provider of mineral drilling services, has released its unaudited financial results for the third quarter 2022. Despite global inflationary pressures and supply chain challenges, margins continued to improve from the prior year quarter due to overall pricing improvements and enhanced productivity. Their Q3 2022 EBITDA reached US$ 23.0 million (or 25 % of revenue), a 67 % increase compared to Q3 2021 (US$ 13.8 million and 20 % of revenue). The Q3 TTM EBITDA, reached US$ 58.8 million, a new record high over the last decade. Foraco International SA is a Bristol Investor Relations client.

Read the full press release here: Foraco International reports Q3 2022