VAL Q2 2024 Earnings — Valaris Limited Revenue & Financial Results | Market Cap Arena

VALValaris Limited

$6B

Q2 2024 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$610M+46.9% YoY

Gross Profit

$171M28.1% margin

Operating Income

$109M17.8% margin

Net Income

$150M24.5% margin

EPS (Diluted)

$2.03

QoQ Revenue Growth

+16.2%

Cash Flow

Operating Cash Flow

$11M

Free Cash Flow

-$98M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$4.4B

Total Liabilities

$2.2B

Stockholders' Equity

$2.2B

Cash & Equivalents

$398M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$610M	$415M	+46.9%
Gross Profit	$171M	$42M	+311.0%
Operating Income	$109M	-$10M	+1200.0%
Net Income	$150M	-$29M	+608.8%

Revenue Segments

Floaters

$384M52%

Jackups

$186M25%

ARO

$124M17%

Other Operating Segment

$40M6%