Archer (ARHVF) has released an update.
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Archer reports a strong second quarter in 2024 with $309 million in revenue and a 9% increase in EBITDA, amounting to $32.8 million. The company’s EBITDA has grown 15% year-to-date, indicating improved margins and revenue growth. Strategic acquisitions, new contracts, and a positive market outlook have positioned Archer for future growth, with a substantial $4 billion backlog providing earnings visibility.
For further insights into ARHVF stock, check out TipRanks’ Stock Analysis page.
