Archer Limited: Archer reports continued quarterly growth
Hamilton Bermuda (August 16th, 2024)In the second quarter, Archer continued to deliver strong growth with revenue of $309 million and EBITDA of $32.8 million, representing a YOY-growth of 5% and 9% 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. Second Quarter 2024 Highlights: · Revenue of $309 million; up 5% YOY · EBITDA of $32.8 million, up 9% YOY · H1 EBITDA of $63.7 million, up 15% YOY · Positive net income in second quarter of $1.0 million ·