Archer Limited: Strong first quarter financial performance
Hamilton, Bermuda (May 10, 2023) First Quarter 2023 Highlights · Revenue of $267 million, up 22% from the same quarter last year · Strong EBITDA of $25.2 million, up 55% from the same quarter last year · Strong cash management contributed to reduced NIBD · Integrated the P&A specialist Romar-Abrado during the quarter · Completed the acquisition of Baker Hughes’ UK coil tubing and pumping business · Completed the refinancing in April On the strong first quarter, Dag Skindlo, CEO of Archer, comments: “I am pleased to report strong financial results in the first