Valaris reports first quarter 2021 results : vimarsana.com

Valaris reports first quarter 2021 results


Valaris reports first quarter 2021 results
28 Apr 2021
Valaris, the industry leader in offshore drilling services across all water depths and geographies, has reported a net loss attributable to the Company of $910 million, or $4.56 per share, for the first quarter 2021 compared to a net loss of $71 million, or $0.36 per share, in the fourth quarter 2020. The Company reported adjusted EBITDA of $28 million in the first quarter 2021 compared to negative $10 million in the fourth quarter 2020,and an adjusted loss of $0.39 per share in the first quarter 2021 versus an adjusted loss of $0.65 per share in the prior quarter.
Chief Executive Officer and President Tom Burke said:

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