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OMS Energy Technologies Inc. Announces Fiscal Year 2025 Financial Results
Globenewswire· 2025-07-24 09:00
Core Insights - OMS Energy Technologies Inc. reported strong financial results for fiscal year 2025, highlighting double-digit revenue growth, expanded gross margin, and increased operating profit, attributed to disciplined execution and new customer contracts since its IPO in May 2025 [3][4][5] Financial Performance - Total revenues for fiscal year 2025 reached $203.6 million, a significant increase from $18.2 million for the prior period and $163.3 million for the previous fiscal year [4][5] - Gross margin improved to 33.9% in 2025, up from 27.6% and 29.9% in the prior periods, reflecting higher sales volume and cost efficiencies [5][8] - Operating profit rose to $59.9 million, compared to $3.2 million and $40.2 million in the previous periods, indicating enhanced cost discipline and economies of scale [5][10] - Net profit for the year was $47.0 million, with basic and diluted earnings per share both at $1.18, compared to $2.19 in the previous fiscal year [12][20] Revenue Breakdown - Revenue from specialty connectors and pipes was $143.1 million, a substantial increase from $5.1 million and $113.5 million in prior periods, driven by higher demand from a major customer [6] - Revenue from surface wellhead and Christmas tree equipment was $8.7 million, up from $3.0 million but down from $6.8 million, affected by delayed demand from a key customer in Indonesia [6] - Premium threading services generated $36.8 million, compared to $7.6 million and $31.1 million in previous periods, with a slight decrease attributed to stable rig activities [6] - Other ancillary services saw revenues of $15.0 million, up from $2.4 million and $11.9 million, due to increased demand for engineering testing and maintenance services [6] Cost and Expenses - Cost of revenues for 2025 was $134.6 million, compared to $13.2 million and $114.5 million in prior periods, reflecting the increase in total revenues [7][20] - Selling, general, and administrative expenses were $9.1 million, a decrease from $1.8 million and $8.6 million in previous periods, primarily due to reduced legal and professional fees [9] Balance Sheet and Cash Flow - As of March 31, 2025, cash and cash equivalents totaled $75.8 million, up from $45.4 million a year earlier, indicating improved liquidity [13] - Net cash provided by operating activities was $40.5 million, compared to a net cash used of $2.9 million in the prior period [13][24]
OMS Energy Technologies Inc. to Share Strategic Insights at the Third Annual ORY APAC-US Conference on Long-Term Growth
Globenewswire· 2025-07-03 10:00
Core Insights - OMS Energy Technologies Inc. CEO How Meng Hock will participate in a leadership panel at the Third Annual ORY APAC-US Conference on July 8-9, 2025, in Singapore [1][2] - The panel session is titled "The Long Game: Building Businesses with Staying Power," focusing on navigating economic cycles and delivering sustainable long-term value [2] Company Overview - OMS, founded in 1972, has established itself as a trusted partner in key energy markets across Asia Pacific, MENA, and West Africa [3] - The company has been led by CEO How Meng Hock since 2014 and successfully listed on Nasdaq in May 2025, continuing to accelerate growth through strong operational capabilities [3] - OMS is committed to deepening customer relationships and investing in advanced manufacturing and R&D to drive innovation and sustainable growth [3][5] Conference Details - The conference is co-hosted by Ortoli Rosenstadt LLP and the Nasdaq Stock Market, serving as a platform for global collaboration on innovation and capital market strategy [4] - It brings together financial professionals, investors, and corporate leaders for high-level discussions and strategic networking [4]
OMS Energy Technologies Inc. to Share Strategic Insights at the Third Annual ORY APAC-US Conference on Long-Term Growth
GlobeNewswire News Room· 2025-07-03 10:00
Core Insights - OMS Energy Technologies Inc. is a growth-oriented manufacturer specializing in surface wellhead systems and oil country tubular goods for the oil and gas industry [1][5] - The CEO, Mr. How Meng Hock, will participate in a leadership panel at the Third Annual ORY APAC-US Conference, focusing on sustainable business practices [2][4] - OMS has been operational since 1972 and has established itself as a trusted partner in key energy markets across Asia Pacific, MENA, and West Africa [3] Company Overview - OMS Energy Technologies Inc. was founded in 1972 and has grown to serve critical energy markets in Asia Pacific, MENA, and West Africa [3] - The company has 11 strategically located manufacturing facilities that ensure rapid response times and customized solutions [5] - OMS focuses on deepening customer relationships and investing in advanced manufacturing and R&D to drive innovation and sustainable growth [3][5] Recent Developments - Mr. How Meng Hock has been the CEO since 2014 and oversaw the company's successful Nasdaq listing in May 2025 [3] - Following the IPO, OMS continues to accelerate its growth, supported by strong operational capabilities and a commitment to engineering excellence [3] - The conference co-hosted by Ortoli Rosenstadt LLP and the Nasdaq Stock Market aims to foster global collaboration and dialogue on innovation and capital market strategy [4]
OMS Energy: A Strong Buy Based On Capital Cycle Dynamics And Robust Fundamentals
Seeking Alpha· 2025-06-28 07:22
Group 1 - OMS Energy Technologies Inc. (OMSE) has experienced a decline of approximately 19% since its initial public offering (IPO) [1] - An investigation into the firm's capital cycle and economics suggests that OMS Energy Technologies presents a compelling investment opportunity [1] - Joseph Noko, an investment analyst with a strong track record of generating over 100% annualized portfolio returns, emphasizes the potential of OMS Energy Technologies [1]
Concentrix Posts Downbeat Earnings, Joins CorMedix And Other Big Stocks Moving Lower In Friday's Pre-Market Session
Benzinga· 2025-06-27 13:09
Group 1 - U.S. stock futures are higher, with Dow futures gaining over 100 points [1] - Concentrix Corporation reported quarterly earnings of $2.70 per share, missing the analyst consensus estimate of $2.75, while quarterly revenue was $2.42 billion, exceeding the Street estimate of $2.38 billion [1] - Concentrix shares fell 8% to $50.70 in pre-market trading [1] Group 2 - CorMedix Inc. declined 14.2% to $12.83 after announcing an $85 million public offering [4] - Critical Metals Corp. fell 14.2% to $3.14 after a previous surge of over 32% [4] - AdaptHealth Corp. decreased 8.6% to $8.61 after gaining around 5% on the previous day [4] - USA Rare Earth, Inc. declined 8.4% to $11.65 [4] - Gold Fields Limited fell 5.1% to $22.60 [4] - OMS Energy Technologies Inc. decreased 4.6% to $6.80 [4]
IPO动态丨本周美股预告:CoreWeave等2家公司即将上市
Sou Hu Cai Jing· 2025-03-24 08:20
Group 1: IPO Overview - Four IPOs were completed last week, including two from China, with total fundraising of approximately $1.98 million and $10 million for RedCloud Holdings and 工务园 respectively [1] - Ten companies have filed for IPOs in the U.S., with three from China: 蓝山集团, 京睿旺铺, and 新子光电 [1] - Two companies are planning to go public this week: CoreWeave, Inc. and OMS Energy Technologies Inc. [1][4] Group 2: CoreWeave, Inc. - CoreWeave focuses on artificial intelligence, providing efficient AI model training solutions, and plans to have 32 data centers with over 250,000 GPUs by the end of 2024 [3] - The company aims to raise approximately $2.695 billion by offering 49 million shares at a price range of $47 to $55 per share [3] - Projected revenues for CoreWeave are $229 million for 2023 and $1.915 billion for 2024, with net losses of $594 million and $863 million respectively [3] Group 3: OMS Energy Technologies Inc. - OMS Energy Technologies manufactures surface wellhead systems and oil pipes for the oil and gas industry, with Saudi Aramco as its largest customer, accounting for 71% of its latest revenue [6] - The company plans to raise approximately $55.56 million by offering 5.56 million shares at a price range of $8 to $10 per share [6] - For the six months ending September 30, 2024, OMS Energy Technologies reported revenues of $129 million and a net profit of $30.7 million [6]