Archer Limited: Third quarter 2018 - Best quarterly operating result in 3 years
Hamilton, Bermuda (November 2, 2018) Third Quarter 2018 earnings release highlights · Best quarterly operating result in 3 years. · Revenue of $213.7 million. · EBITDA before exceptional items of $25.7 million, an increase of 45% from same quarter last year. · EBITDA of $22.4 million, an increase of 75% from same quarter last year. · EBIT of $8.6 million · Divestment of US Onshore (AWC Frac Valves) for $30 million. · All geographies and segments reported positive EBITDA, including within Land Drilling. John Lechner, CEO Archer comments: “Archer