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Q1 2019 Archer Ltd Earnings Call Transcript
Welcome to the Archer First Quarter 2019 Earnings Release Call. (Operator Instructions)
Today, I am pleased to present Executive Chairman, Kjell-Erik Ãstdahl; and CFO, Dag Skindlo. Please go ahead, with your meeting.
Thank you, Marella, and good morning, ladies and gentlemen. And thank you for joining us for Archer's First 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 first quarter before Dag will review operation and the financials. Before ending the call, I will open the line for questions. Next slide, please.
We continue our strong operating and financial performance in the quarter with a reported EBITDA margin of 11.1% and EBIT margin of 5.3%. Archer has, through this downturn, steadily improved the EBITDA margin from 5.6% in 2016 to 8.3% in
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