Orbit Garant Drilling, Inc. announced earnings results for the third quarter and nine months ended March 31, 2013. For the quarter, the company reported revenue of $23.7 million against $41.7 million a year ago. EBITDA was $2.9 million against $8.3 million a year ago. Net loss was $0.6 million against net profit of $3.5 million a year ago. Diluted net loss per common share was $0.02 against EPS of $0.10 a year ago. Decreased revenue resulted primarily from a decline in metres drilled as some of the Company's mining company customers suspended or scaled back drilling activities and lower average revenue per metre drilled in third quarter of 2013 compared to third quarter of 2012. The decline in EBITDA is primarily attributable to decreased domestic and international drilling activity. For the nine months, the company reported revenue of $82.8 million against $111.3 million a year ago. The decline in revenue resulted primarily from decreased business activity in the second and third quarters of fiscal 2013. EBITDA was $12.3 million against $22.3 million a year ago. Net profit was $1.1 million against $9.0 million a year ago. Diluted net profit per common share was $0.03 against $0.26 a year ago.

Orbit Garant Drilling, Inc., Q3 2013 Earnings Call, May 15, 2013

Orbit Garant Drilling, Inc. announced that they will report Q3, 2013 results at 5:00 PM, Eastern Standard Time on May 14, 2013