TSX:MDIMetals and Mining
Major Drilling Group (TSX:MDI) Margin Loss In Q3 2026 Tests High P/E Growth Narrative
Major Drilling Group International (TSX:MDI) reported a softer Q3 2026, with revenue of CA$184.6 million and a basic EPS loss of CA$0.13, following a run of profitable quarters earlier in the fiscal year. The company’s revenue increased from CA$160.7 million in Q3 2025 to CA$184.6 million in Q3 2026, while basic EPS moved from a loss of CA$0.11 to a loss of CA$0.13. This set up a quarter in which margins came under pressure even as the top line remained in the CA$180 million range.
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