VAL Q1 2024 Earnings — Valaris Limited Revenue & Financial Results | Market Cap Arena

VALValaris Limited

$6B

Q1 2024 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$525M+22.1% YoY

Gross Profit

$80M15.3% margin

Operating Income

$29M5.6% margin

Net Income

$26M4.9% margin

EPS (Diluted)

$0.35

QoQ Revenue Growth

+8.5%

Cash Flow

Operating Cash Flow

$26M

Free Cash Flow

-$125M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$4.4B

Total Liabilities

$2.3B

Stockholders' Equity

$2.0B

Cash & Equivalents

$494M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$525M	$430M	+22.1%
Gross Profit	$80M	$53M	+51.6%
Operating Income	$29M	$9M	+244.7%
Net Income	$26M	$47M	-45.4%

Revenue Segments

Floaters

$324M49%

Jackups

$152M23%

ARO

$138M21%

Other Operating Segment

$48M7%