Borr Drilling Limited Announces First Quarter 2024 Results
Hamilton, Bermuda, May 23, 2024: Borr Drilling Limited (“Borr”, “Borr Drilling” or the “Company”) announces unaudited results for the three months ended March 31, 2024. Highlights · Total operating revenues of $234.0 million, an increase of $13.4 million or 6% compared to the fourth quarter of 2023 · Net income of $14.4 million, a decrease of $14.0 million compared to the fourth quarter of 2023 · Adjusted EBITDA of $116.8 million, an increase of $5.3 million or 5% compared to the fourth quarter of 2023 · Raised $200 million of additional principal amount of debt under