FLEETS

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 has hammered 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. Leading indicators for the underlying...

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