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Stock impact report

Valaris Reports First Quarter 2024 Results

Valaris Limited Common Shares (VAL) 
Last valaris limited common shares earnings: 4/29 09:50 pm Check Earnings Report
US:NYSE Investor Relations: investors.sherwin-williams.com
Company Research Source: Business Wire
HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") today reported first quarter 2024 results.President and Chief Executive Officer Anton Dibowitz said, “I am very pleased with our start to 2024 as we delivered strong safety and operational performance during the first quarter as evidenced by fleetwide revenue efficiency of 97%. Our financial results also benefited from more operating days for our most recent drillship reactivation, VALARIS DS-8. In addition, we were awarded new contracts and extensions with associated contract backlog of more than $520 million, including a multi-year contract offshore Angola for VALARIS 144 at a leading-edge day rate for a benign environment jackup.”Dibowitz added, “We remain laser-focused on securing work for the remaining available days across our fleet in 2024 and preparing VALARIS DS-7 for its expected contract startup in the second quarter. We have an industry-leading track record of executing reactiv Show less Read more
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