COVID cruels Boart Longyear's earnings

DRILL technology maker and service provider Boart Longyear’s adjust earnings have dropped from $54 million in the first half of 2019 to $28 million for the first half of 2020 due to COVID-19 and upfront expenses on contracts its Drilling Services business won.

COVID cruels Boart Longyear's earnings COVID cruels Boart Longyear's earnings COVID cruels Boart Longyear's earnings COVID cruels Boart Longyear's earnings COVID cruels Boart Longyear's earnings

COVID has hammered Boart Longyear's earnings.

The company did, however, enjoy a $10 million improvement in cash from operations in June - $30 million through June 2020, compared to $20 million through June 2019.

topics

loader