Borr Drilling Limited Announces First Quarter
Hamilton, Bermuda, May 23, 2023: Borr Drilling Limited (“Borr”, “Borr Drilling” or the “Company”) announces preliminary unaudited results for the three months ended March 31, 2023. Highlights First Quarter of 2023 · Total operating revenues of $172.0 million, an increase of $23.4 million or 16% compared to the fourth quarter of 2022. · Income before taxes of $7.9 million, an increase of $26.4 million compared to $18.5 million in the fourth quarter of 2022. · Net loss of $7.4 million, a decrease in loss of $13.9 million compared to the fourth quarter of 2022. · Cash