Archer Ltd (OTCPK:ARHVF)

$ 2.25 0.15 (7.14%) Market Cap: 185.83 Mil Enterprise Value: 580.88 Mil PE Ratio: 0 PB Ratio: 0.75 GF Score: 61/100

Full Year 2018 Archer Ltd Earnings Call Transcript

Feb 27, 2019 / 08:00AM GMT

Release Date Price: $6.18

Transcript

John Lechner

Archer Limited - CEO & Executive VP

Good morning, or good afternoon, ladies and gentlemen, and thank you for joining us for Archer's Fourth Quarter 2018 Earnings Conference Call. The call is being hosted from London, and I am on the call together with Dag Skindlo, our Chief Financial Officer.

Moving to Slide 2, I would like to note that the information provided in today's call includes forward-looking statements as well as non-GAAP financial measures. I will summarize Archer's operational highlights from the fourth quarter before handing over the call to Dag, who will review the financials and comment on our market outlook. Before ending the call, we will open the line for questions.

Next slide, please. As previously announced in our fourth quarter trading update presentation, we are pleased and proud to report our best operating result since 2015. Improvements have been made in all business units, with material increases in both revenue and profitability. Well Services revenue increased 38% relative to the fourth quarter last year on strong Oiltools activity, while

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