VAL News and Press, Valspar Corporation From 08/02/23

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%. C...

Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") today reported second quarter 2023 results. President and Chief Executive Officer Anton Dibowitz said, “In the second quarter, we continued to deliver strong operational performance, achieving revenue efficiency of 97%. We also m...

2023-08-01 21:35:49 ET Summary Leading offshore driller Transocean reported solid Q2 results, but third quarter guidance fell short of expectations. Last week, the company released another strong fleet status report, with backlog increasing by 7.6% sequentially to a new multi-year...

2023-08-01 16:26:39 ET Summary Shares of ailing trucking giant Yellow Corporation stage giant rally after hedge fund MFN Partners accumulated a 42.5% stake in the company. While MFN Partners also holds large stakes in competitors XPO Inc. and RXO Inc., the hedge fund has been sile...

2023-08-01 12:05:08 ET Valaris ( NYSE: VAL ) is scheduled to announce Q2 earnings results on Wednesday, August 2nd, before market open. The consensus EPS Estimate is -$0.31 and the consensus Revenue Estimate is $404.2M (-2.2% Y/Y). Over the last 3 months, EPS estimates...

2023-07-31 09:45:10 ET Valaris ( NYSE: VAL ) +1.8% in early trading Monday after saying it was awarded a 12-well contract offshore West Africa for the Valaris DS-7 drillship with an estimated value of $364M. The company said the contract will commence in Q2 2024 and ...

Increases 2023 Share Repurchase Target to $200 Million Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) announced today that it has been awarded a 12-well contract offshore West Africa for drillship VALARIS DS-7, which will be reactivated for this con...

2023-07-28 07:18:32 ET Summary Transocean's credit spreads have significantly narrowed over the past weeks. If the massive debt is no longer viewed as distressed, the leverage effect should continue providing a tailwind for Transocean's equity. Transocean's equity is likely to...

2023-07-24 09:33:41 ET Summary The Big 3 oilfield services players SLB, BKR and HAL all reported this week. All 3 see strength in international and offshore more than offsetting temporary weakness in North America. We are in the early stages of a multi-year capex cycle that po...

2023-07-21 09:29:07 ET Summary Valaris, an offshore drilling contractor, is an attractive investment opportunity due to strong underlying fundamentals and a compelling valuation. We expect Valaris to start benefiting from higher day rates as legacy contracts expire and cold-stacke...