Borr Drilling Limited (BORR)
Borr Drilling Limited (BORR) Q2 2024 Earnings Call Transcript
Borr Drilling Limited (NYSE:BORR ) Q2 2024 Earnings Conference Call August 15, 2024 9:00 AM ET Company Participants Patrick Schorn - CEO Magnus Vaaler - CFO Bruno Morand - Chief Commercial Officer Conference Call Participants James West - Evercore ISI Fredrik Stene - Clarksons Securities Truls Olsen - Fearnley Securities Doug Becker - Capital One Operator Good day and thank you for standing by. Welcome to the Borr Drilling Limited Second Quarter 2024 Results Presentation Webcast and Conference Call.
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Borr Drilling: Generous Dividend Increase Is A Strong Sign Of Confidence - Hold
Last month, leading offshore driller Borr Drilling reported Q1/2024 results somewhat below estimates due to a combination of slightly lower-than-expected revenues and higher financial and tax expenses. Adjusted EBITDA margin of 49.9% reached new all-time highs with the company outperforming peers handsomely. The company reiterated expectations for full-year Adjusted EBITDA of $500 million to $550 million.
Why Borr Drilling Rallied Today
Borr reported mixed Q1 earnings today. However, management reiterated its full-year guidance and expressed optimism about the year ahead.
