National Energy Services Reunited Corp. $(NESR)$ reported its financial results for the first quarter ending March 31, 2025. The company recorded revenues of $303.1 million, marking a 2.1% increase compared to the same quarter in 2024. However, this represented an 11.8% decline from the previous quarter, December 31, 2024. Net income for the quarter was $10.4 million, reflecting a 4.1% year-over-year growth but a 61.3% decrease from the previous quarter. The diluted earnings per share $(EPS)$ for the quarter was $0.11, showing a 10.0% year-over-year improvement. Adjusted EBITDA was reported at $62.5 million, with a margin of 20.6%. Operating cash flow for the quarter amounted to $20.5 million. The company's Net Debt to Adjusted EBITDA ratio improved significantly, ending the quarter at 0.93, down from 1.30 a year earlier. The company highlighted that despite seasonal slowdowns due to the holy month of Ramadan and ongoing macroeconomic uncertainties, they managed to deliver solid results. NESR remains focused on its strategic priorities, including profitable revenue growth, enhancing execution efficiency, and commercializing new technology, while improving debt reduction and working capital efficiency. The conditions in the MENA region continue to support growth, and NESR is committed to maintaining this momentum.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。