| | Business Summary | | Tesco
Corp.
is
an
international
oilfield
service
company
operating
in
over
20
countries.
Tesco
designs,
manufactures
and
services
oilfield
equipment
used
in
the
drilling
for
and
production
of
oil
and
gas.
It
conducts
an
ongoing,
in-house
research
and
development
program
targeted
at
the
practical
application
of
new
technology.
The
Company
has
three
operating
divisions
that
provide
different
products
and
services
to
its
customers.
Its
operations
are
principally
in
the
oil
and
gas
service
sector.
The
corporate
entities
providing
each
division's
services
are
Tesco,
Tesco
Drilling
Technology
Inc.,
Drilling
Services
International
Ltd.
and
Casing
Drilling
Ltd.
for
the
Drilling
Services
Division;
Gris
Gun
Ltd.
for
the
Completions
Division,
and
Tesco
Power
&
Motion
Control
Ltd.
for
the
Industrial
Division. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Tesco
designs,
manufactures,
sells
and
operates
top
drive
and
underbalanced
drilling
systems;
completion
products;
control,
electrical
and
hydraulic
systems
for
the
oil
and
gas
drilling
industry.
For
the
six
months
ended
6/30/01,
revenues
rose
from
C$53.6
million
to
C$111.9
million.
Net
income
from
continuing
operations
totaled
C$24.9
million,
vs.
a
loss
of
$C200K.
Revenues
reflect
high
activity
levels
in
oil
and
gass
drilling.
Net
income
also
reflects
a
C$12.2
million
gain
on
the
sale
of
assets. Recent Earnings Announcement
For
the
3
months
ended
06/30/2001,
revenues
were
56,900;
after
tax
earnings
were
5,200. (Preliminary; reported in thousands of Canadian Dollars.) | | More
from
Market Guide: Significant
Developments |
| | Officers | |
| Position | | William Rice | Chairman | | Robert Tessari | Pres,
CEO | | Mark Fischer | Exec.
VP and COO | | Martin Hall | Sr.
VP- Fin., Sec. and CFO | | Per Angman | Sr.
VP, Research and Bus. Devel. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/t/tesof.gif)