Shelf Drilling, Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 200.6 million compared to USD 146.2 million a year ago. Revenue was USD 214.2 million compared to USD 150.7 million a year ago. Net income was USD 1.7 million compared to net loss of USD 16.8 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to basic loss per share from continuing operations of USD 0.12 a year ago. Diluted earnings per share from continuing operations was USD 0.01 compared to diluted loss per share from continuing operations of USD 0.12 a year ago.
For the six months, sales was USD 368.7 million compared to USD 296.7 million a year ago. Revenue was USD 397.6 million compared to USD 306.7 million a year ago. Net loss was USD 31.7 million compared to USD 21.4 million a year ago. Basic loss per share from continuing operations was USD 0.17 compared to USD 0.15 a year ago. Diluted loss per share from continuing operations was USD 0.17 compared to USD 0.15 a year ago.