Archer Limited: Fourth Quarter and Preliminary 2020 Results
Hamilton, Bermuda (February 25, 2021) Fourth Quarter 2020 Highlights · Revenue of $211 million was up 15% compared to third quarter · EBITDA reported of $19.2 million was up 23% compared to third quarter · EBITDA before exceptional items of $23.3 million · Net interest bearing debt of $504 million · Robust liquidity of $110 million · Positive net income in the quarter Dag Skindlo, CEO of Archer, comments: “I am proud of how Archer delivered operationally and financially in the fourth quarter, resulting in positive net income and a strong liquidity position.