Mar. 5 at 2:51 PM
$RNGR
Full year 2024 revenue of
$571.1M and net income of
$18.4M, or
$0.81 per fully diluted share
Full year 2024 Adjusted EBITDA(1) of
$78.9 million with 13.8% Adjusted EBITDA margin compared to
$84.4 million for full year 2023 with 13.3% Adjusted EBITDA margin
Adjusted EBITDA(1) of
$21.9M in the 4th quarter with 15.3% Adjusted EBITDA margin compared to
$25.1 million in the 3rd quarter of 2024 and
$18.4M in 4th quarter of 2023
Full year 2024 Free Cash Flow of
$50.4M, or
$2.24 per share, with fourth quarter and year end cash of
$40.9M with
$112.1M of total liquidity
Returned over 40% of 2024 Free Cash Flow through dividends and repurchases far exceeding minimum commitment
Increase of 20% in the Company’s dividend to
$0.06 per share going forward, reflecting continued confidence in the underlying strength and future cash flow of the business
High-Specification Rigs delivered record performance reaching new highs and reinforcing Ranger’s leadership in the sector.
