Cmb.Tech NV Q2 EPS and Revenue Beat Estimates

Earnings
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Summary · why it matters

Cmb.Tech NV reported second-quarter GAAP earnings per share of $1.26, beating estimates by $0.01, while revenue surged 81.5% year-over-year to $703.94 million, surpassing expectations by $125.01 million. EBITDA for the period reached $552.8 million. The company's contract backlog remained stable at $3.26 billion, with the addition of two two-year CSOV time charters and one one-year VLCC time charter. Cmb.Tech also announced its intention to distribute $0.64 per share.

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