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Archer (ARHVF)
OTHER OTC:ARHVF
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Earnings Data
Report Date
Feb 28, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.09Last Year’s EPS
0.05Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 02, 2018
|% Change Since: 9.09%
|Next Earnings Date:Aug 14, 2018
Earnings Call Sentiment|Positive
The earnings call highlights several positive developments, including record EBITDA performance, successful acquisitions, and strategic expansions with strong financial guidance for 2024. The lack of dividend guidance is a minor lowlight but does not significantly impact the overall positive outlook.Company Guidance
In the Archer Third Quarter 2024 Earnings Call, CEO Dag Skindlo provided guidance reflecting significant growth and strategic development. Archer achieved a record EBITDA of $34.9 million, marking a 14% increase year-over-year, and set new guidance for 2024 with an expected pro forma EBITDA of $155 million to $160 million. The company also announced a successful $50 million equity raise to fund the acquisition of Wellbore Fishing & Rental Tools, a move projected to enhance Archer's EBITDA and cash flow. Furthermore, the leverage ratio is anticipated to be between 2.2 and 2.4 by year-end, positioning the company for potential refinancing and dividend distribution in 2025. Skindlo highlighted Archer's robust cash flow model, driven by its focus on brownfield operations and the growing P&A market, setting the foundation for refinancing at improved terms and shareholder returns.Record-Breaking EBITDA Performance
Achieved a record EBITDA of $34.9 million, a 14% increase compared to the same period last year, marking the best quarterly result since 2016.
Successful Acquisition and Equity Raise
Acquired Wellbore Fishing & Rental Tools and successfully raised $50 million in new equity through a private placement, which was materially oversubscribed.
Strategic Expansion in the U.S. Market
The acquisition of WFR expands Archer's service offering in the Gulf of Mexico and aligns with the strategy to expand internationally.
Strong Financial Guidance for 2024
Updated 2024 guidance with expected EBITDA in the range of $155 million to $160 million and a pro forma leverage ratio between 2.2 and 2.4 at year-end.
Increased Ownership in Iceland Drilling
Increased ownership in Iceland Drilling to 60%, enabling financial consolidation and strengthening the geothermal business line.
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ARHVF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ARHVF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 08, 2024 | $2.20 | $2.18 | -0.91% |
| Aug 16, 2024 | $2.40 | $2.35 | -2.08% |
| May 07, 2024 | $2.81 | $2.81 | 0.00% |
| Feb 29, 2024 | $2.02 | $2.02 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Archer (ARHVF) report earnings?
Archer (ARHVF) is schdueled to report earning on Feb 28, 2025, TBA Not Confirmed.
What is Archer (ARHVF) earnings time?
Archer (ARHVF) earnings time is at Feb 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ARHVF EPS forecast?
ARHVF EPS forecast for the fiscal quarter 2024 (Q4) is 0.09.
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