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Shelf Drilling, Ltd. reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported sales was USD 226.8 million compared to USD 200.6 million a year ago. Revenue was USD 234 million compared to USD 214.2 million a year ago. Net loss was USD 14.6 million compared to net income of USD 1.7 million a year ago. Basic loss per share from continuing operations was USD 0.07 compared to basic earnings per share from continuing operations of USD 0.01 a year ago. Diluted loss per share from continuing operations was USD 0.07 compared to diluted earnings per share from continuing operations of USD 0.01 a year ago.For the six months, sales was USD 473.8 million compared to USD 368.7 million a year ago. Revenue was USD 488.7 million compared to USD 397.6 million a year ago. Net loss was USD 10.2 million compared to USD 31.7 million a year ago. Basic loss per share from continuing operations was USD 0.05 compared to USD 0.17 a year ago. Diluted loss per share from continuing operations was USD 0.05 compared to USD 0.17 a year ago.
Period Ending: | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
---|---|---|---|---|
Total Revenue | 234 | 254.7 | 242.7 | 258.6 |
Gross Profit | 66.2 | 85.6 | 89.9 | 111.4 |
Operating Income | 28.4 | 46.3 | 53.6 | 79.3 |
Net Income | -14.6 | 4.4 | -16.8 | 40.9 |
Period Ending: | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
---|---|---|---|---|
Total Assets | 2108.2 | 2116.2 | 2098.7 | 2241.6 |
Total Liabilities | 1735.4 | 1716.7 | 1696.4 | 1818.6 |
Total Equity | 372.8 | 399.5 | 402.3 | 423 |
Period Ending: | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
---|---|---|---|---|
Period Length: | 0 Months | 0 Months | 0 Months | 0 Months |
Cash From Operating Activities | -6.1 | 37.4 | 45 | 21.9 |
Cash From Investing Activities | -13.5 | -20.2 | -21.1 | -18.6 |
Cash From Financing Activities | 57.2 | -9.7 | -92.7 | -0.7 |
Net Change in Cash | 37 | 2.9 | -69.6 | 2.6 |
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