Archer Limited : Third Quarter 2016 Results
Hamilton, Bermuda (November 3, 2016) Third Quarter 2016 highlights · Third quarter revenue from continuing operations was $214.4 million. · Third quarter EBITDA before net restructuring costs was $21.5 million. · Third quarter cash generated from underlying operations to financing activities and servicing of debt was $6.2 million. · Net interest-bearing debt was $814.9 million at September 30, 2016. · Archer Oiltools has launched a new product family named "Stronghold", which enables us to deliver faster, safer and more economical solutions for a series of perforating,