VAL Q1 2022 Earnings — Valaris Limited Revenue & Financial Results | Market Cap Arena

VALValaris Limited

$6B

Q1 2022 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$318M+3.7% YoY

Gross Profit

-$13M-4.1% margin

Operating Income

-$50M-15.7% margin

Net Income

-$39M-12.1% margin

EPS (Diluted)

$-0.53

QoQ Revenue Growth

+4.2%

Cash Flow

Operating Cash Flow

$500,000

Free Cash Flow

-$38M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$2.6B

Total Liabilities

$1.6B

Stockholders' Equity

$1.0B

Cash & Equivalents

$578M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$318M	$307M	+3.7%
Gross Profit	-$13M	$54M	-124.1%
Operating Income	-$50M	-$848M	+94.1%
Net Income	-$39M	-$910M	+95.8%

Revenue Segments

Jackups

$181M42%

ARO

$111M26%

Floaters

$100M23%

Other Segments

$38M9%