Borr Drilling Limited Announces Third Quarter 2024 Results
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Borr Drilling Limited reported a decrease in revenues and net income for Q3 2024, with total operating revenues at $241.6 million and net income at $9.7 million. Despite the decline, the company secured 17 new contracts and announced a $0.02 per share cash distribution and a $20 million share buyback.
November 06, 2024 | 9:45 pm
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Borr Drilling's Q3 2024 results show a decline in revenues and net income, but the company secured significant new contracts and announced shareholder returns through dividends and buybacks.
The decrease in revenues and net income could negatively impact short-term stock prices. However, the announcement of new contracts and shareholder returns through dividends and buybacks may offset this, leading to a neutral short-term impact.
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