Q1 2024 Subsea 7 SA Earnings Call Transcript

Apr 25, 2024

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Apr 25, 2024 / 11:00AM GMT
Operator

Welcome, everyone, and thank you for joining us on a busy day. With me on the call today are John Evans, our CEO; Mark Foley, our CFO, and Stuart Fitzgerald, CEO of Seaway7. The results press release is available to download on our website, along with the slides that we'll be using during today's call.

Please note that some of the information discussed on the call today will include forward-looking statements that reflect our current views. These statements involve risks and uncertainties that may cause actual results or trends to differ materially from our forecast. For more information, please refer to the risk factors discussed in our annual report. All of the bottom of today includes the press release.

I'll now turn the call over to John.

John Evans - Subsea 7 Inc - CEO

Thank you, Catherine, and good afternoon, everyone. I will start with a summary of the first quarter before passing over to Mark for more details on the financial results.

Turning to slide 3, Subsea 7 delivered first quarter adjusted EBITDA $162 million, up 52%

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