RDC - Rowan: Looking At Q4 Results Ahead Of Ensco Merger
Rowan (RDC) has just provided its Q4 earnings report. The company is about to merge with Ensco (ESV), so it’s possible that it’s the last chance we are looking at Rowan as a standalone entity. Without further ado, let’s look at what Ensco is getting in this merger.
For the fourth quarter of 2018, Rowan reported earnings of $179.4 million and a net loss of $14.3 million. At the end of the year, the company had $1 billion of cash, $201 million of short-term debt and $2.3 billion of long-term