Reports Q4 revenue $60.26M, consensus $56.08M. CEO Anthony Gallegos commented, "Fiscal 2022 was a transformative year for ICD and one in which we attained record levels of quarterly revenues, margins and EBITDA. Financially, we have closed the historic margin- per-day gap between ICD and our larger competitors. Operationally, we have transformed our fleet with the penetration of our 300 series rigs and commencement of our 200-to-300 series rig conversion program. Despite the operational challenges associated with achieving this growth while navigating an historically tight labor market, we maintained operational integrity and achieved a safety record in 2022 well below U.S. land drilling averages."
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