VAL Q1 2023 Earnings — Valaris Limited Revenue & Financial Results | Market Cap Arena

VALValaris Limited

$6B

Q1 2023 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$430M+35.1% YoY

Gross Profit

$53M12.3% margin

Operating Income

$9M2.0% margin

Net Income

$47M10.9% margin

EPS (Diluted)

$0.61

QoQ Revenue Growth

-0.8%

Cash Flow

Operating Cash Flow

$152M

Free Cash Flow

$95M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$3.0B

Total Liabilities

$1.6B

Stockholders' Equity

$1.3B

Cash & Equivalents

$823M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$430M	$318M	+35.1%
Gross Profit	$53M	-$13M	+510.1%
Operating Income	$9M	-$50M	+117.0%
Net Income	$47M	-$39M	+221.0%

Revenue Segments

Floaters

$42M84%

Jackups

$8M16%