Boart Longyear releases 2014 results, celebrates 125 years

摘要

Boart Longyear's (US-OTC: BOARF; ASX: BLY) 2014 financial results show that the poor market conditions dogging the resource sector have not spared the drilling services, equipment and performance tooling supplier. The firm generated revenues of US$867 million in 2014, down from US$1.2 billion in 2013. Revenue for Boart's products division was US$230 million in 2014, off 25% from last year. The company's drilling services business unit saw its revenue shrink by 31% to US$636 million.