Boart Longyear Limited reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company's revenue was $188 million compared to $164 million a year ago. Revenues for the first quarter ended 31 March 2018 were up 15% compared to the corresponding period in 2017, driven by higher volume both in the Drilling Services and Products divisions. Statutory EBITDA was $13 million compared to negative statutory EBITDA of $4 million a year ago. Adjusted EBITDA was $15 million compared to $9 million a year ago. These results can be attributed to improved market conditions, which directly impacted increased rig and tooling sales, productivity improvements in Drilling Services, as well as a rigorous and continued focus on cost control. Statutory Net loss After Tax was $17 million compared to $47 million a year ago. Adjusted Net loss After Tax was $14 million compared to $34 million a year ago. Net Debt was $616 million compared to $726 million a year ago. Company saw a positive cash generation from operations in the first quarter compared to $39 million used in the corresponding period in 2017.