VAL Q3 2022 Earnings — Valaris Limited Revenue & Financial Results | Market Cap Arena

VALValaris Limited

$6B

Q3 2022 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$437M+33.8% YoY

Gross Profit

$101M23.0% margin

Operating Income

$62M14.1% margin

Net Income

$74M17.0% margin

EPS (Diluted)

$0.98

QoQ Revenue Growth

+5.8%

Cash Flow

Operating Cash Flow

$85M

Free Cash Flow

$39M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$2.8B

Total Liabilities

$1.6B

Stockholders' Equity

$1.2B

Cash & Equivalents

$406M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$437M	$327M	+33.8%
Gross Profit	$101M	$52M	+92.9%
Operating Income	$62M	$3M	+1887.1%
Net Income	$74M	-$55M	+236.3%

Revenue Segments

Floaters

$202M37%

Jackups

$196M36%

ARO

$111M20%

Other Segments

$40M7%