Valaris Limited reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 437.2 million compared to USD 326.7 million a year ago. Net income was USD 74.3 million compared to net loss of USD 54.5 million a year ago. Basic earnings per share from continuing operations was USD 0.99 compared to basic loss per share from continuing operations of USD 0.73 a year ago. Diluted earnings per share from continuing operations was USD 0.98 compared to diluted loss per share from continuing operations of USD 0.73 a year ago.
For the nine months, sales was USD 1,168.9 million compared to USD 926.9 million a year ago. Net income was USD 147.3 million compared to net loss of USD 4,527.7 million a year ago. Basic earnings per share from continuing operations was USD 1.96. Diluted earnings per share from continuing operations was USD 1.95.