VAL - Valaris GAAP EPS of $0.38 misses by $0.06 revenue of $434M beats by $7.47M
- Valaris press release ( NYSE: VAL ): Q4 GAAP EPS of $0.38 misses by $0.06 .
- Revenue of $434M (+42.1% Y/Y) beats by $7.47M .
- Adjusted EBITDA of $54M and Adjusted EBITDAR of $75M in the fourth quarter.
- Delivered revenue efficiency of 98% in the fourth quarter and 97% for the full-year 2022.
- Total liquidity, which includes cash and cash equivalents, restricted cash and short-term investments, increased to $748M as of December 31, 2022, from $644M as of September 30, 2022.
- Capital expenditures of $54M were in line with the third quarter 2022.
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Valaris GAAP EPS of $0.38 misses by $0.06, revenue of $434M beats by $7.47M