Boart Longyear is climbing back towards US$1 billion annual revenue for the first time since 2013 after reporting a $262m June quarter and $494m of sales for the first half of 2022.
The major drilling services and products supplier hit $2.01 billion in 2012 at the peak of the last mining investment cycle, tumbling 39% to $1.22b the following year and all the way down to $642m in 2016.
Last year it achieved $112m EBITDA on $921m of revenue.
The company had about 4050 employees at the end of 2021, a long way from its 9162 peak in 2012.
A major recapitalisation last year saw Boart Longyear cut its net debt from $855m to $164m.
