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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.
Seekingalpha | 2 years ago
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.
Fool | 2 years ago
