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SBM Offshore reports FY results (Pink Limited Info:SBFFF)


  • SBM Offshore press release (OTCPK:SBFFF): FY GAAP EPS of $0.84.
  • Revenue of $4.78B (-3.6% Y/Y).
  • Record Directional Revenue of US$6.1 billion (+35%), in line with guidance
  • Record Directional EBITDA of US$1.9 billion (+44%), in line with guidance
  • Record US$35.1 billion Directional backlog; US$9.5 billion or EUR51.6/share2 Directional net cash backlog3
  • 30% increase in cash return to US$1.59 per share4: US$155 million dividend; US$150 million share repurchase



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