ACGYF - Subsea 7 GAAP EPS of $0.14 revenue of $1.25B misses by $60M
- Subsea 7 press release ( OTCPK:SUBCY ): Q2 GAAP EPS of $0.14.
- Revenue of $1.25B (+4.2% Y/Y) misses by $60M .
- Adjusted EBITDA of $134 million, up 48% year-on-year, resulting in a margin of 11%
- Order intake of $2.1 billion, equating to a book-to-bill of 1.6 times
- Backlog of $7.8 billion, of which 10% is in Renewables, with $2.5 billion to be executed in 2022
- Cash and cash equivalents of $464 million and net debt of $88 million
- Renewal of Subsea Integration Alliance for a further seven years.
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Subsea 7 GAAP EPS of $0.14, revenue of $1.25B misses by $60M