Brief: Borr Drilling Limited Sees FY 2022 Revenues Of $435-$450 Million

Borr Drilling

24/01/2023 21:37

Jan 24 (Reuters) - Borr Drilling Ltd  BORR.N :
    * BORR DRILLING LIMITED - UPDATED 2022 AND 2023 GUIDANCE
    * FY 2022 ADJUSTED EBITDA OF $152-$162 MILLION
    * FOR 2023, BASED ON CURRENT CONTRACTS AND PROJECTIONS FOR
NEW
CONTRACTS, COMPANY EXPECTS TO GENERATE REVENUES OF $740 - $780
MILLION
    * SEES FY 2023 ADJUSTED EBITDA OF $360-$400 MILLION
(PREVIOUS
GUIDANCE WAS ADJUSTED EBITDA OF $290 - 330 MILLION)
    * CASH AND CASH EQUIVALENTS BALANCE AT YEAR END 2022 IS
ESTIMATED
TO BE  ABOUT $105 MILLION
    * SEES FY 2022 REVENUES OF $435-$450 MILLION
    * Q4 2022 REVENUES BETWEEN $140 - $155 MILLION, AND Q4 2022
ADJUSTED EBITDA OF BETWEEN $50-$60 MILLION

Source text for Eikon:  ID:nWkr3QJmTh 
Further company coverage:  BORR.N 
 ((Reuters.Briefs@thomsonreuters.com;))