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Subsea 7 SA (SUBCY)
:SUBCY
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.24Last Year’s EPS
-0.06Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: 4.06%
|Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Positive
The earnings call reflects a strong positive outlook for Subsea7 with record-breaking EBITDA growth, significant revenue increases, and a robust backlog supporting future prospects. Despite a decline in order intake this quarter and increased capital expenditure, the overall sentiment is optimistic, supported by strong cash flow and shareholder returns.Company Guidance
During the Subsea7 Q3 2024 earnings call, the company provided an optimistic guidance outlook, underpinned by several key metrics. For the third quarter, Subsea7 reported an adjusted EBITDA of $321 million, reflecting a margin improvement to 18% from 13% last year. The company revised its full-year EBITDA guidance upwards and introduced new guidance for 2025, anticipating continued EBITDA growth. Subsea7's backlog was reported at $11.3 billion at the beginning of Q3, with $1.8 billion expected to be executed by year-end and $5.3 billion in 2025. Revenue for Q3 was $1.8 billion, up 16% year-on-year, with adjusted EBITDA up 59% compared to the previous year. For 2024, revenue is projected to reach the upper end of the $6.5 billion to $6.8 billion range, while 2025 revenue is expected to be between $6.8 billion and $7.2 billion. The company anticipates an adjusted EBITDA margin of 18% to 20% in 2025, with capital expenditure projected between $360 million and $380 million. Subsea7 plans to return at least $1 billion to shareholders between 2024 and 2027, bolstered by strong cash generation prospects.Record-Breaking EBITDA Growth
Subsea7 delivered Q3 adjusted EBITDA of $321 million, a margin of 18%, up from 13% last year. The company revised full-year EBITDA guidance upwards for the second time this year, indicating continued growth into 2025.
Strong Revenue Performance
Q3 2024 revenue was $1.8 billion, up 16% compared to Q3 2023, driven by strong performances in both business units.
Successful Offshore Wind Projects
Strong operational performance in offshore wind projects, including 95% completion of monopile installations for Dogger Bank A and B, and successful bids for future projects.
Robust Backlog and Future Prospects
Group backlog at the beginning of Q3 was $11.3 billion with significant visibility into 2025 and beyond, supported by a strong tender pipeline.
Cash Flow and Shareholder Returns
Net cash generated by operating activities was $270 million, with plans to return at least $1 billion to shareholders from 2024 to 2027.
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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 |
|---|---|---|---|
| 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% |
| Feb 29, 2024 | $13.37 | $14.04 | +5.01% |
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 Feb 27, 2025, TBA Not Confirmed.
What is Subsea 7 SA (SUBCY) earnings time?
Subsea 7 SA (SUBCY) earnings time is at Feb 27, 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 2024 (Q4) is 0.24.
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