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Subsea 7 SA (SUBCY)
:SUBCY
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.11Last Year’s EPS
0.09Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: 0.51%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
Subsea 7 reported strong growth in EBITDA and a robust order backlog, indicating positive future performance. Significant achievements in the renewables segment and an increased dividend reflect confidence. However, challenges in managing high tax rates, increased depreciation, and foreign exchange losses present notable concerns.Company Guidance
In the recent call, Subsea 7 provided detailed guidance and results for both the fourth quarter and the full fiscal year 2024. The company reported a significant increase in adjusted EBITDA, reaching $1,090 million for the year, up 53%, driven by a 14% rise in revenue and a margin expansion of 390 basis points. They highlighted a robust order intake of $8.2 billion, leading to a backlog of $11.2 billion at year-end, providing over 80% revenue visibility for 2025. Subsea 7 plans to increase its dividend to $350 million, a 40% increase from the previous year, reflecting its confidence in future prospects. For 2025, the company expects revenue between $6.8 billion and $7.2 billion, with an adjusted EBITDA margin ranging from 18% to 20%. Capital expenditure is projected to be between $360 million and $380 million. Additionally, the company noted that the first quarter of 2025 will involve 600 days of planned maintenance across several vessels, which is higher compared to the previous year.Record Full Year EBITDA Growth
Subsea 7 achieved a full year EBITDA of $1,090 million, a 53% increase driven by a 14% top line growth and a 390 basis points margin expansion.
Strong Order Backlog
The company reported a backlog of $11.2 billion at year-end, with robust order intake of $8.2 billion for the full year, up 10% year-on-year.
Renewables Segment Performance
Revenue from renewables was $1.2 billion, up 29% year-on-year, with adjusted EBITDA margins increasing from 10.8% in 2023 to 15% in 2024.
Dividend Increase
The Board proposed a $350 million dividend for 2025, up 40% from the previous year, reflecting confidence in future performance.
Positive Outlook for Brazil and Turkey
Continued strong activity in Brazil and successful completion of Phase 1 in the Sakarya gas development in Turkey, with further phases underway.
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SUBCY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SUBCY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $15.84 | $15.78 | -0.38% |
| Nov 21, 2024 | $16.49 | $16.48 | -0.06% |
| Jul 25, 2024 | $18.50 | $19.24 | +4.00% |
| Apr 25, 2024 | $15.22 | $15.89 | +4.40% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Subsea 7 SA (SUBCY) report earnings?
Subsea 7 SA (SUBCY) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Subsea 7 SA (SUBCY) earnings time?
Subsea 7 SA (SUBCY) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SUBCY EPS forecast?
SUBCY EPS forecast for the fiscal quarter 2025 (Q1) is 0.11.
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