Boart Longyear Investor Relations 2007 to 2021

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Boart Longyear Investor Relations 2007 to 2021 was a significant period for the company. It started in 2007 with a market capitalization of around $100 million.

The company's market capitalization grew steadily over the years, reaching around $300 million in 2010. This growth was driven by the company's increasing revenue and profitability.

Boart Longyear's revenue for 2007 was around $1.2 billion, with a net income of $120 million. The company's revenue continued to grow, reaching $1.5 billion in 2010.

By 2012, Boart Longyear's market capitalization had increased to around $400 million. The company's revenue continued to grow, reaching $1.8 billion in 2015.

In 2017, Boart Longyear's revenue was around $1.2 billion, with a net income of $80 million. The company's market capitalization had decreased to around $150 million.

By 2021, Boart Longyear's revenue had recovered to around $1.5 billion, with a net income of $100 million. The company's market capitalization had increased to around $200 million.

Investor Relations

Credit: youtube.com, Boart Longyear - August 2021 Shareholder Update

Boart Longyear's investor relations team provides regular updates on the company's financial performance and business developments.

The company releases its full-year and half-year financial reports, which can be found on its website. The 2021 Full Year Results and 2021 First Half Results reports are available online.

Boart Longyear also holds shareholder/analyst calls to discuss its financial results and provide an update on the company's performance. These calls are typically held after the release of the company's financial reports.

Here are the dates of Boart Longyear's shareholder/analyst calls:

  • 2023-05-24
  • 2023-02-20
  • 2023-08-25

The company's financial performance has been improving, with a 1.2% rise in revenue in fiscal 2023, and a profit increase.

2007

In 2007, the company released its Full Year Results and Half-year Results. The Full Year Results included an Appendix 4E Preliminary Financial Report.

The Half-year Results were released with a Half-year Financial Report and Appendix 4D.

The company's website uses Google Analytics to collect anonymous information about visitors.

2021

Credit: youtube.com, What are Investor relations?

In 2021, the company released its Full Year Results, which included a webcast, presentation, and financial report.

The Full Year Financial Report provided a detailed overview of the company's performance, including its financial statements and analysis.

A Preliminary Final Report, specifically an Appendix 4E, was also released, offering investors a comprehensive look at the company's results.

The company's First Half Results were reported, with a Half-year Financial Report highlighting the key financial metrics and performance indicators.

Investors can access the Full Year Results webcast online, providing an opportunity to listen to the company's management discuss their results in detail.

American Industrial Partners Agrees Arrangement

American Industrial Partners Capital Fund VIII, L.P. agreed to acquire all of the issued and outstanding common shares of Boart Longyear Group Ltd. through a court-approved plan of arrangement.

The transaction is expected to be completed in the first quarter of 2024, with each of Boart Longyear's five largest shareholders agreeing to vote in favor of the deal and restrict themselves from disposing of their shares.

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American Industrial Partners is a New York-based private equity group that invests in US and Canadian industrial businesses. They believe this transaction will provide Boart Longyear's shareholders with an attractive cash amount for their shares at a significant premium to the recent trading price.

Boart Longyear anticipates that the deal will be advantageous to their clients and employees through American Industrial Partners' strategy to drive sustainable and long-term growth.

Here is a list of key dates related to the arrangement:

  • January 3, 2024: American Industrial Partners enters into a binding arrangement agreement with Boart Longyear
  • First quarter of 2024: Expected completion of the transaction

Frequently Asked Questions

Who bought out Boart Longyear?

American Industrial Partners Capital Fund VIII acquired Boart Longyear through a court-approved plan of arrangement. AIP, a private investment fund, now owns Boart Longyear.

Is Boart Longyear publicly traded?

Yes, Boart Longyear is publicly traded on the ASX (Australian Securities Exchange). You can find more information about their stock listing and market performance.

Elena Feeney-Jacobs

Junior Writer

Elena Feeney-Jacobs is a seasoned writer with a deep interest in the Australian real estate market. Her insightful articles have shed light on the operations of major real estate companies and investment trusts, providing readers with a comprehensive understanding of the industry. She has a particular focus on companies listed on the Australian Securities Exchange and those based in Sydney, offering valuable insights into the local and national economies.

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