Group 1 - Popular, Inc. (BPOP) has a Zacks Rank 1 and its current year earnings estimate has increased by 4.8% over the last 60 days [1] - Popular has a price-to-earnings ratio (P/E) of 9.9, which is lower than the industry average of 11.40, and it holds a Value Score of A [1] - Subsea 7 S.A. (SUBCY) also carries a Zacks Rank 1, with its current year earnings estimate increasing nearly 17% over the last 60 days [2] - Subsea 7 has a P/E ratio of 12.18, compared to the industry average of 13.90, and it possesses a Value Score of A [2]

Core Viewpoint - Subsea 7 is a global leader in offshore project delivery and services for the energy industry, focusing on sustainable value creation and efficient offshore solutions [1]. Group 1: Company Information - Subsea 7 is listed on the Oslo Børs under the ticker SUBC, with ISIN LU0075646355 and LEI 222100AIF0CBCY80AH62 [1]. - The company has scheduled two dividend payments of NOK 6.50 each for the year 2025 [1][3]. - The ex-dividend date for the announced dividend is set for 14 May 2024 [3]. Group 2: Contact Information - Katherine Tonks serves as the Investor Relations Director for Subsea 7, with contact details provided for investment community inquiries [2].

Group 1 - Subsea 7 S.A. announced the election of Lucia Andrade as a Non-Executive Director and the immediate retirement of Jean Cahuzac from the Board [1] - Jean Cahuzac has been a Board member since 2008 and served as CEO until December 31, 2019, contributing significantly to the company [1] - The Board will discuss changes to committee memberships at the next meeting later this month [2] Group 2 - Subsea 7 is recognized as a global leader in delivering offshore projects and services for the energy industry, focusing on sustainable value creation [3] - The company is listed on the Oslo Børs under the ticker SUBC [3]

Core Insights - Subsea 7 S.A. has been awarded a super-major contract by Petrobras for the development of the Búzios 11 field, located approximately 180 kilometers off the coast of Rio de Janeiro, Brazil, at a water depth of 2,000 meters in the pre-salt Santos basin [1][2] - The contract, valued at over $1.25 billion, includes engineering, procurement, fabrication, installation, and pre-commissioning of a 112 km rigid risers and flowlines system [2][3] - Project management and engineering will start immediately, with offshore activities scheduled for 2027 and 2028 [2] Company Overview - Subsea 7 is recognized as a global leader in delivering offshore projects and services for the energy industry, focusing on creating sustainable value and efficient offshore solutions [3] - The company emphasizes its commitment to operational excellence and safety, aiming to drive value for shareholders while contributing to Brazil's development [2][3]

Core Viewpoint - Subsea 7 reported strong financial performance in Q1 2025, with significant revenue growth and improved margins, indicating a positive outlook for the year ahead [3][4]. Financial Performance - Revenue for Q1 2025 was $1.529 billion, a 10% increase from $1.395 billion in Q1 2024 [2][9]. - Adjusted EBITDA reached $236 million, up 46% year-on-year, with an EBITDA margin of 15%, compared to 12% in the previous year [2][4]. - Net operating income was $77 million, significantly higher than $20 million in Q1 2024 [10]. - Net income for the quarter was $17 million, down from $29 million in the prior year [10]. Backlog and Order Intake - The backlog at the end of March 2025 was $10.819 billion, with $4.8 billion expected to be executed in 2025 [2][12]. - The book-to-bill ratio was 0.6x, with order intake of $0.9 billion, comprising new awards of $0.4 billion and escalations of $0.5 billion [12]. Operational Highlights - Strong operational performance was noted in both Subsea and Conventional segments, with Adjusted EBITDA margins of 18% and 10% respectively [4]. - Significant planned vessel maintenance was undertaken to optimize operations ahead of a busy year, while progress was made on various projects across regions [7][8]. Strategic Outlook - The company maintains a positive outlook for long-term energy demand growth, focusing on cost-advantaged sectors and strategic gas developments [5][6]. - Guidance for full year 2025 remains unchanged, with expected revenue between $6.8 billion and $7.2 billion and Adjusted EBITDA margin projected between 18% and 20% [13].

Luxembourg – 25 March 2025 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today published and distributed to eligible holders of Common Shares and American Depositary Receipts the Notice of Meeting and supporting materials for the Annual General Meeting of Shareholders (the AGM) and the Extraordinary General Meeting of Shareholders (the EGM). The AGM is scheduled to take place at 15:00 (local time) on 8 May 2025 at the Company's registered office, 412F, route d'Esch, L-1471 Luxembourg and the EGM will take p ...