Archer (ARHVF) has released an update.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Archer reports a strong second quarter in 2024 with $309 million in revenue and a 9% increase in EBITDA, amounting to $32.8 million. The company’s EBITDA has grown 15% year-to-date, indicating improved margins and revenue growth. Strategic acquisitions, new contracts, and a positive market outlook have positioned Archer for future growth, with a substantial $4 billion backlog providing earnings visibility.
For further insights into ARHVF stock, check out TipRanks’ Stock Analysis page.
