VAL Q3 2021 Earnings — Valaris Limited Revenue & Financial Results | Market Cap Arena

VALValaris Limited

$6B

Q3 2021 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$327M+14.5% YoY

Gross Profit

$52M15.9% margin

Operating Income

$3M0.9% margin

Net Income

-$55M-16.7% margin

EPS (Diluted)

$-0.73

QoQ Revenue Growth

+11.5%

Cash Flow

Operating Cash Flow

$7M

Free Cash Flow

-$8M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$2.6B

Total Liabilities

$1.6B

Stockholders' Equity

$1.0B

Cash & Equivalents

$621M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$327M	$285M	+14.5%
Gross Profit	$52M	-$22M	+337.9%
Operating Income	$3M	-$94M	+103.3%
Net Income	-$55M	-$671M	+91.9%

Revenue Segments

Jackups

$186M42%

ARO

$118M26%

Floaters

$104M23%

Other Segments

$36M8%