VAL Q3 2023 Earnings — Valaris Limited Revenue & Financial Results | Market Cap Arena

VALValaris Limited

$6B

Q3 2023 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$455M+4.1% YoY

Gross Profit

$64M14.1% margin

Operating Income

$17M3.6% margin

Net Income

$13M2.8% margin

EPS (Diluted)

$0.17

QoQ Revenue Growth

+9.6%

Cash Flow

Operating Cash Flow

$48M

Free Cash Flow

-$58M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$3.5B

Total Liabilities

$2.3B

Stockholders' Equity

$1.2B

Cash & Equivalents

$1.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$455M	$437M	+4.1%
Gross Profit	$64M	$101M	-36.1%
Operating Income	$17M	$62M	-73.1%
Net Income	$13M	$74M	-82.6%

Revenue Segments

Floaters

$243M42%

Jackups

$166M29%

ARO

$122M21%

Other Segments

$46M8%