Archer Limited: Second quarter and first half 2021 results
Hamilton, Bermuda (August 13, 2021) Second Quarter 2021 Highlights · Revenue increased by 18.3% year over year · EBITDA of $21.2 million despite challenging situation in Argentina · Positive net income of $1.6 million, equivalent to USD 0.01 per share · Completed acquisition of DeepWell · Backlog addition totaling $325 million in Land Drilling, Wireline and Oiltools Dag Skindlo, CEO of Archer, comments: “We grew our EBITDA on the back of increased activity in both Eastern and Western Hemisphere in the quarter and report positive net income, despite the continued