Archer Limited reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 260.2 million compared to USD 226.9 million a year ago. Revenue was USD 308.3 million compared to USD 266.6 million a year ago.

Net loss was USD 10.8 million compared to USD 17.9 million a year ago. Basic loss per share from continuing operations was USD 0.25 compared to USD 1.5 a year ago. Diluted loss per share from continuing operations was USD 0.25 compared to USD 1.5 a year ago.