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Stock impact report

Valaris Reports Fourth Quarter 2023 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 fourth quarter 2023 results.President and Chief Executive Officer Anton Dibowitz said, “We continue to execute on our operating leverage by repricing rigs from legacy day rates to meaningfully higher market rates and successfully delivering reactivated rigs with attractive contracts. At the same time, we remain laser focused on delivering high levels of operational performance to our customers, as evidenced by another strong year of revenue efficiency.”Dibowitz added, “During the fourth quarter, we were awarded new contracts and extensions with associated contract backlog of more than $1.4 billion. These awards include two multi-year drillship contracts at leading-edge day rates and several jackup contracts across the North Sea, Australia and Trinidad, demonstrating the depth of our customer relationships, track record of operational delivery and broad-based strength of the Show less Read more
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