Precision drilling corporation announces 2022 first quarter unaudited financial results

Calgary, alberta, april 28, 2022 (globe newswire) -- this news release contains “forward-looking information and statements” within the meaning of applicable securities laws. for a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “cautionary statement regarding forward-looking information and statements” later in this news release. this news release contains references to certain financial measures and ratios, including adjusted ebitda (earnings before income taxes, gain on investments and other assets, finance charges, foreign exchange, gain on asset disposals, and depreciation and amortization), funds provided by (used in) operations, net capital spending and working capital. these terms do not have standardized meanings prescribed under international financial reporting standards ( ifrs ) and may not be comparable to similar measures used by other companies, see “financial measures and ratios” later in this news release.
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