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Akastor ASA (AKKVF)
OTHER OTC:AKKVF
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-$0.05Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: -9.84%
|Next Earnings Date:Feb 13, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of strong operational performance in certain areas like HMH's EBITDA growth and DDW Offshore's operational success. However, challenges such as a decrease in orders and negative financial impacts were also highlighted. Overall, the company maintained a net cash position while preparing for potential IPOs, indicating a cautiously optimistic outlook.Company Guidance
During the Akastor Q3 2024 earnings call, executives provided detailed financial guidance, highlighting a robust performance across their portfolio companies. HMH reported a 32% year-on-year growth in EBITDA to USD 46 million, maintaining a rolling LTM adjusted EBITDA of USD 167 million. The company is eyeing a potential IPO, contingent on favorable market conditions. DDW Offshore achieved full vessel operation, resulting in a solid earnings performance and securing new contracts with a backlog of around USD 3 million. Akastor maintained a net cash position, with a total book equity value of approximately NOK 20 per share. The company emphasized its commitment to distributing proceeds when prudent, while also focusing on maximizing the value of its investments and preparing for future liquidity events.Strong EBITDA Growth for HMH
HMH demonstrated a 32% year-on-year growth in EBITDA, reaching USD 46 million in Q3 2024, matching the highest quarterly result since its establishment.
AKOFS Offshore Operations
AKOFS Offshore delivered good operations with high revenue utilization despite planned maintenance. Revenue utilization for Aker Wayfarer was 99% and AKOFS Seafarer was 98%.
DDW Offshore Vessel Operations
All three DDW Offshore vessels were in operation, generating solid earnings. New contracts were secured for two vessels post-Q3, with a contract backlog of around USD 3 million.
Net Cash Position Maintained
Akastor maintained a net cash position through Q3 2024 with no draw on corporate credit facilities.
IPO Readiness for HMH
HMH continues to update its S-1 filing with the SEC, preparing for a potential IPO dependent on market conditions.
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AKKVF 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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AKKVF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $1.22 | $1.15 | -5.74% |
| Jul 11, 2024 | $1.51 | $1.52 | +0.66% |
| Apr 25, 2024 | $1.04 | $1.04 | 0.00% |
| Feb 14, 2024 | $1.05 | $1.06 | +0.95% |
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 Akastor ASA (AKKVF) report earnings?
Akastor ASA (AKKVF) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Akastor ASA (AKKVF) earnings time?
Akastor ASA (AKKVF) earnings time is at Feb 13, 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 AKKVF EPS forecast?
Currently, no data Available
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