SBM Offshore Non-GAAP EPS of $0.58, revenue of $2.41B; raises FY22 guidance

Aug. 04, 2022 1:35 AM ETSBM Offshore N.V. (SBFFF), SBFFYBy: Meghavi Singh, SA News Editor
  • SBM Offshore press release (OTCPK:SBFFF): 1H Non-GAAP EPS of $0.58.
  • Revenue of $2.41B (+55.5% Y/Y).
  • 2022 Directional EBITDA guidance increased from around $900M to above $950M.
  • 2022 Directional revenue guidance increased from above $3.1B to around $3.2B vs. consensus of $3.16B.
  • Record-level $31.1B pro-forma order book, providing cash flow visibility until 2050.
  • Record-level $8.8B pro-forma net cash flow from Lease and Operate backlog corresponding to $315M average annual net cash flow until 2050.

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