Cadeler (CDLR) reported a Q1 loss Wednesday of 0.02 euro ($0.023) per diluted share, swinging from earnings of 0.01 euro a year earlier.
Analysts polled by FactSet expected EPS of 0.03 euro.
Revenue for the quarter ended March 31 was 124.7 million euros, up from 65.5 million euros a year earlier.
A single analyst polled by FactSet expected 125 million euros.
For 2026, the company continues to expect revenue of 854 million euros to 944 million euros. Analysts polled by FactSet expect 915.8 million euros.