Nov 06, 2019 / 08:00AM GMT
Operator
Welcome to the Archer Third Quarter 2019 Results. (Operator Instructions) Today, I'm pleased to present Executive Chairman, Kjell-Erik Ãstdahl; and CFO, Dag Skindlo. Please go ahead with your meeting.
Kjell-Erik Ãstdahl - Archer Limited - Executive Chairman
Thank you, Dimitri. Good morning, ladies and gentlemen, and thank you for joining us for Archer's Third Quarter 2019 Earnings Conference Call.
Moving to Slide 2. I would like to note that the information provided in today's call includes forward-looking statements as well as non-GAAP financial measures.
I will summarize Archer's highlights from the third quarter before Dag will review operation and the financials. Before ending the call, I will open the line for questions.
Next slide, please. We continued to deliver strong margins. EBITDA once again landed above 10% for the fifth consecutive quarter, along with an EBIT of 5%. During the quarter, both our modular rigs were contracted for work starting in 2020. The market for modular rigs is growing
Q3 2019 Archer Ltd Earnings Call Transcript
Nov 06, 2019
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