VAL Q2 2023 Earnings — Valaris Limited Revenue & Financial Results | Market Cap Arena

VALValaris Limited

$6B

Q2 2023 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$415M+0.5% YoY

Gross Profit

$42M10.0% margin

Operating Income

-$10M-2.4% margin

Net Income

-$29M-7.1% margin

EPS (Diluted)

$-0.39

QoQ Revenue Growth

-3.5%

Cash Flow

Operating Cash Flow

-$27M

Free Cash Flow

-$100M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$3.1B

Total Liabilities

$1.8B

Stockholders' Equity

$1.3B

Cash & Equivalents

$805M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$415M	$413M	+0.5%
Gross Profit	$42M	$52M	-19.0%
Operating Income	-$10M	-$16M	+36.5%
Net Income	-$29M	$112M	-126.3%

Revenue Segments

Floaters

$45M89%

Jackups

$6M11%