Archer Limited: Continued growth and record quarter
Hamilton Bermuda (October 30th, 2024)In the third quarter, Archer continued to deliver strong growth with revenue of $335 million and EBITDA of $34.9 million, representing a YOY-growth of 11% and 14% respectively. Year to date, Archer’s EBITDA has grown by 15% over the same period last year, highlighting Archer’s continued ability to grow revenue while improving margins. Third Quarter 2024 Highlights: · Q3 Revenue of $335m; up 11% YOY · Q3 EBITDA before exceptional $36.3m, up 11% YOY · Record Q3 EBITDA of $34.9m, up 14% YOY · YTD EBITDA of $98.5m, up 15% YOY · Positive