Archer Limited: Fourth Quarter 2018 Earnings Release
Hamilton, Bermuda (February 27, 2019) Fourth quarter highlights 2018 - Best operational results since 2015 · Revenue of $233.2 million, an increase of 9% from third quarter. · EBITDA before exceptional items of $26.9 million, an increase of $10.4 million or 63% relative to Q4 2017. · EBITDA of $24.3 million, an increase of $9.6 million or 65% relative to Q4 2017. · EBIT of $10.7 million or 4.6% of revenue. · Net Interest Bearing Debt reduced to $585.8 million. John Lechner, CEO Archer comments: “Archer is pleased to deliver the strongest quarterly