VAL - Valaris GAAP EPS of -$0.39 misses by $0.16 revenue of $415.2M beats by $11M
2023-08-02 00:45:18 ET
- Valaris press release ( NYSE: VAL ): Q2 GAAP EPS of -$0.39 misses by $0.16 .
- Revenue of $415.2M (+0.5% Y/Y) beats by $11M .
- Adjusted EBITDA of $15 million and Adjusted EBITDAR of $59 million.
- Delivered revenue efficiency of 97%.
- Cash and cash equivalents and restricted cash decreased to $805 million as of June 30, 2023, from $844 million as of March 31, 2023.
- Capital expenditures increased to $71 million from $56 million in the first quarter 2023.
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Valaris GAAP EPS of -$0.39 misses by $0.16, revenue of $415.2M beats by $11M