Precision drilling corporation announces 2021 third quarter unaudited financial results

Calgary, alberta, oct. 21, 2021 (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 adjusted ebitda (earnings before income taxes, loss (gain) on repurchase of unsecured senior notes, gain on investments and other assets, finance charges, foreign exchange, gain on asset disposals and depreciation and amortization), covenant ebitda, operating earnings (loss), funds provided by (used in) operations 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 “non-gaap measures” later in this news release.
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