Archer Limited (ARHVF) Q3 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. Thank you for standing by. My name is Frilla, and I will be your conference operator today. At this time, I would like to welcome everyone to the Archer 3rd Quarter 2024 Earnings Release Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press the star followed by the number 1 on your telephone keypad. If you would like to withdraw your question, please press the star 1 again. Thank you. I would now like to turn the conference over to Dag Skillo, CEO. You may begin. Thank you, Perilla. Good morning, ladies and gentlemen, and thank you for joining this conference call. The process leading up to this call has deviated from the normal quarterly routine, but I trust you all appreciate the background for this. In today's call, I will initially focus on the acquisition rationale and the equity rates before I will briefly go through the Q3 performance. Our chief financial officer, Espen Njorangre, is joining me on the call today. Towards the end of the call, we will open the line for questions. Moving to slide two. I would like to note that information provided in today's call include forward-looking statements as well as non-GAAP financial measures. Forward-looking statements do not guarantee future performance and involve risk and uncertainties. Further information about these risks and uncertainties are set forth in our most recent annual report. Next slide, please. First, I want to highlight our major recent developments. This quarter, we achieved a record EBITDA of $34.9 million, a 14% increase compared to the same period last year. This EBITDA performance is the best quarterly result sinc...