Valaris Limited reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 413.3 million compared to USD 293.1 million a year ago. Net income was USD 111.6 million compared to net loss of USD 3,563.2 million a year ago. Basic earnings per share from continuing operations was USD 1.49. Diluted earnings per share from continuing operations was USD 1.48.
For the six months, sales was USD 731.7 million compared to USD 600.2 million a year ago. Net income was USD 73 million compared to net loss of USD 4,473.2 million a year ago. Basic earnings per share from continuing operations was USD 0.97. Diluted earnings per share from continuing operations was USD 0.97.