VAL Q3 2024 Earnings — Valaris Limited Revenue & Financial Results | Market Cap Arena

VALValaris Limited

$6B

Q3 2024 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$643M+41.3% YoY

Gross Profit

$181M28.1% margin

Operating Income

$95M14.8% margin

Net Income

$65M10.0% margin

EPS (Diluted)

$0.88

QoQ Revenue Growth

+5.4%

Cash Flow

Operating Cash Flow

$193M

Free Cash Flow

$111M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$4.3B

Total Liabilities

$2.2B

Stockholders' Equity

$2.1B

Cash & Equivalents

$379M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$643M	$455M	+41.3%
Gross Profit	$181M	$64M	+181.9%
Operating Income	$95M	$17M	+471.7%
Net Income	$65M	$13M	+400.8%

Revenue Segments

Floaters

$389M51%

Jackups

$214M28%

ARO

$114M15%

Other Operating Segment

$40M5%