Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Cadeler A/S Sponsored ADR (CDLR)
NYSE:CDLR
Holding CDLR?
Track your performance easily
Earnings Data
Report Date
Apr 01, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.27Last Year’s EPS
-$0.27Same Quarter Last Year
Based on 0 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 26, 2024
|% Change Since: -6.47%
|Next Earnings Date:Apr 01, 2025
Earnings Call Sentiment|Positive
The earnings call presents a positive outlook for Cadeler with increased guidance, strong revenue growth, and high vessel utilization. However, it acknowledges broader market challenges affecting market cap and a contract termination fee. Overall, Cadeler demonstrates strong financial and operational performance with strategic project wins.Company Guidance
During Cadeler's Q3 2024 earnings call, the company provided updated guidance metrics, highlighting an increase in full-year revenue expectations to EUR 243 million to EUR 253 million. The full-year EBITDA guidance was narrowed to a range of EUR 115 million to EUR 125 million, emphasizing the upper end due to strong market demand and efficient operations. The company reported a significant backlog increase to EUR 2.4 billion, driven by new multivessel contracts and operational and maintenance (O&M) campaigns. Utilization rates were robust, with Q3 achieving 86.5%, and the recent delivery of the Wind Peak vessel, which immediately entered service, further supports Cadeler’s optimistic outlook. The company also outlined progress on its new builds, with expected deliveries stretching into 2027, ensuring capacity to meet future demand. Overall, the guidance reflects Cadeler's strategic positioning in a rapidly growing market, underpinned by a strong financial and operational performance.Increased Full Year Guidance
Full year revenue guidance increased to EUR 243 million to EUR 253 million with EBITDA guidance narrowed to EUR 115 million to EUR 125 million.
Wind Peak Vessel Deployment
The new vessel, Wind Peak, arrived in Europe and is already on hire, showcasing operational efficiency.
Strong Contract Backlog
Contract backlog stands at EUR 2.4 billion, with significant additions from multivessel contracts like the East Anglia Two and Baltyk 2 and 3 projects.
Record Revenue Growth
Q3 2024 revenue significantly increased to EUR 80.6 million from EUR 23.4 million in Q3 2023.
High Vessel Utilization
Vessel utilization rate increased to 86.5%, reflecting strong operational performance.
Strong Financial Performance
Q3 2024 EBITDA increased to EUR 48.4 million from EUR 8 million in Q3 2023.
Successful Project Execution
Completed installation of 14.7-megawatt wind turbines on the Moray West project, the world's first such installation.
---
CDLR 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
---
CDLR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 26, 2024 | $23.96 | $23.69 | -1.13% |
| Aug 27, 2024 | $26.44 | $26.24 | -0.76% |
| May 28, 2024 | $23.66 | $23.81 | +0.63% |
| Mar 26, 2024 | $18.12 | $18.99 | +4.80% |
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.
---
FAQ
When does Cadeler A/S Sponsored ADR (CDLR) report earnings?
Cadeler A/S Sponsored ADR (CDLR) is schdueled to report earning on Apr 01, 2025, TBA Not Confirmed.
What is Cadeler A/S Sponsored ADR (CDLR) earnings time?
Cadeler A/S Sponsored ADR (CDLR) earnings time is at Apr 01, 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 CDLR EPS forecast?
CDLR EPS forecast for the fiscal quarter 2024 (Q4) is $0.27.
---