Foraco International announced the completion of the sale of its shareholding in its subsidiary, EDC Russia. The Company is pleased to announce its definitive exit from Russia, with the sale of its shareholding in EDC Russia, a transaction that has received approval from the Russian authorities. This deal results in a marginal net profit for the Company. "Neither TSX Exchange nor its Regulation Services Provider accepts [...]
Foraco International announced the termination of the Investor Rights Agreement dated July 7, 2021 among the Company, Oaktree Capital Management, Kartesia Securities IV S.A , Jean-Pierre Charmensat, Daniel Simoncini, and the holding companies of Daniel Simoncini and Jean-Pierre Charmensat. Following the disposition by Oaktree and Kartesia of their ordinary shares of the Company respectively on January 16, 2024 and March [...]
Foraco International is pleased to announce its results for the fourth quarter and full year ended Dec 31, 2023. All amounts are denominated in US Dollars unless otherwise stated. Q4 2023 Financial Metrics: Revenue: US$ 86.6 m EBITDA: US$ 18.7 m EBITDA as % of Revenue: 21.6% Net Debt Reduction: US$ 65.2 m at year-end 2023 compared to US$ 76.2 m at year-end 2022 Full Year 2023 Financial Metrics : Revenue: US$ 370.1 m [...]
Foraco International will release its fourth quarter 2023 financial results, prior to TSX market open on Friday, Feb 16, 2024. Following the release, Management of the Company will host a Conference Call at 11:00 am ET to review the financial results. The call will be hosted by Tim Bremner, CEO and Fabien Sevestre, CFO. To join the conference call without operator assistance, you may register and enter your phone number [...]
Foraco International announced that it will host a webcast investor presentation on Tuesday, November 21st, 2023, at 11:00 a.m. EST/8:00 a.m. PST. During the webcast, Tim Bremner, Chief Executive Officer, and Fabien Sevestre, Chief Financial Officer, will conduct a presentation that will cover key areas of Foraco's business. After the formal presentation, investors will have an opportunity to ask relevant questions [...]
Foraco International announced the early redemption of the outstanding senior secured bonds facility of $85 million provided by Marathon Asset Management, along with securing new long-term bank financing from Desjardins and Caisse d'Epargne. The strong market and the robust operating performance, with a significant operating cash flow, allow Foraco to comprehensively refinance its balance sheet. To complete this debt [...]
Foraco International is pleased to announce its third quarter of 2023. All amounts are denominated in US Dollars unless otherwise stated. Q3 2023 Financial Metrics: Revenue: US$ 95.1 million EBITDA: US$ 25.0 million EBITDA as % of Revenue: 26.3% Trailing Twelve Months Indicators: Revenue: US$ 368 million EBITDA: US$ 85.1 million Net Profit: US$ 38.0 million The Company continued to build on its momentum from the previous [...]
Foraco International will release its third quarter 2023 financial results, prior to TSX market open on Monday, Oct 30, 2023. Following the release, Management of the Company will host a Conference Call at 11:30 am ET to review the financial results. The call will be hosted by Tim Bremner, CEO and Fabien Sevestre, CFO. To join the conference call without operator assistance, you may register and enter your phone number at [...]
Foraco International announced that the Toronto Stock Exchange has accepted for filing the Company's Notice in respect of a normal course issuer bid to be transacted through the facilities of the TSX and/or through alternative trading systems. Pursuant to the NCIB, Foraco may purchase up to 1,000,000 of its common shares representing approximately 1.0075% of the total 99,251,798 common shares of the Company issued and [...]
Foraco International is pleased to announce its second quarter 2023 results. All amounts are denominated in US Dollars unless otherwise stated. In Q2 2023, Foraco achieved remarkable financial results, reinforcing its position as a leader in the industry and continued to build on its momentum from the previous quarters, maintaining a trajectory of sustained profitable growth. Notably, the revenue figures for Q2 [...]
Foraco International will release its second quarter 2023 financial results, prior to TSX market open on Thursday, July 27. Following the release, Management of the Company will host a Conference Call at 11:00 am ET to review the financial results. The call will be hosted by Tim Bremner, CEO and Fabien Sevestre, CFO. To join the conference call without operator assistance, you may register and enter your phone number at [...]
Foraco International announced that it will host a webcast investor presentation on June 14th, 2023 at 11:00 AM ET. During the webcast, Daniel Simoncini, Executive Chairman and Tim Bremner incoming Chief Executive Officer will conduct a Power Point presentation that will cover key areas of Foraco's business. After the formal presentation, investors will have an opportunity to ask relevant questions through an interactive [...]
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