- Diamond Offshore Drilling press release ( NYSE: DO ): Q4 GAAP EPS of -$0.52 misses by $0.24 .
- Revenue of $223.26M (-1.2% Y/Y) beats by $12.06M .
- Adjusted EBITDA for the fourth quarter was $12.5M compared to $18.4M in the prior quarter.
- Free cash flow during the fourth quarter was $15 million compared to negative free cash flow during the third quarter of $30 million, primarily due to changes in working capital.
- "We finished the year with approximately $1.8 billion, or 17.6 rig years of backlog, including $482 million added during the fourth quarter, and importantly we will have repricing opportunities for two high-specification drillships and two semisubmersibles in the next 12 months."
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Diamond Offshore Drilling GAAP EPS of -$0.52 misses by $0.24, revenue of $223.26M beats by $12.06M