Earnings Call Summary | CGG Sponsored ADR(CGGYY.US) Q2 2024 Earnings Conference
Earnings Call Summary | CGG Sponsored ADR(CGGYY.US) Q2 2024 Earnings Conference
Net cash flow for Q2 was near breakeven at minus $6 million, significantly improving from the previous year's major swing in working capital requirements.The following is a summary of the Viridien Société Anonyme (CGGYY) Q2 2024 Earnings Call Transcript:
以下是Viridien Société Anonyme (CGGYY) 2024年第2季度業績會議電話摘要：
Financial Performance:
金融業績：
Q2 revenue reported at $258 million, with Geoscience and Earth Data segments showing growth, contrasting with a decline in the Sensing and Monitoring segment.
Adjusted EBITDA decreased 10% year over year to $94 million, impacted by the mixed performance across different segments.
Net cash flow for Q2 was near breakeven at minus $6 million, significantly improving from the previous year's major swing in working capital requirements.
第二季度營業收入爲2.58億美元，地球科學和地球數據板塊增長，而感知和監測板塊下降。
調整後的EBITDA同比下降10%，至9400萬美元，受不同板塊表現不佳的影響。
第二季度淨現金流接近平衡，爲負600萬美元，大幅改善了去年的營運資本需求大幅波動。
Business Progress:
業務進展：
Viridien continues development in both core businesses of Geoscience, Earth Data, and Sensing and Monitoring, and new areas such as low carbon markets, high-performance computing, and infrastructure monitoring.
Expansion into new geographies for exploration including Brazil, Uruguay, and Malaysia, and an increase in Geoscience activities driven by offshore E&P CapEx.
The company has initiated significant multi-client projects such as the Laconia project in the Gulf of Mexico, supported by strong pre-funding.
A partnership signed with Baker Hughes for carbon capture solutions and Wrench Computing for computational support.
Operational turnaround plan underway in the Sensing and Monitoring segment to improve profitability during market volatility.
Viridien在地球科學、地球數據和感知監測等核心業務以及低碳市場、高性能計算和製造行業等新領域繼續發展。
擴大到巴西、烏拉圭和馬來西亞等新的勘探地理區域，海上勘探和開發支出推動地球科學活動的增加。
該公司啓動了重大的多客戶項目，例如在墨西哥灣的洛基尼亞項目，該項目得到了強有力的預融資支持。
與baker hughes簽署合作伙伴關係，以提供碳捕獲解決方案，並與Wrench Computing合作提供計算支持。
感知監測板塊正在開展運營扭轉計劃，以應對市場波動，提高盈利能力。
Opportunities:
機會：
Leveraging technology advancements in Geoscience and Earth Data for opportunities in traditional and new market sectors such as carbon capture and storage, and minerals and mining.
A new business momentum, with engaged strategic partnerships and project pre-funding leading to potential high-value multi-client projects in oil and resurgence markets.
利用地球科學和地球數據的技術進步，尋找傳統和新市場領域的機會，例如碳捕獲和儲存、礦業等。
新的業務動力，參與了戰略性夥伴關係和項目預融資，導致潛在的高價值多客戶項目在石油和復甦市場。
Risks:
風險：
Continuing volatility in the Sensing and Monitoring market expected, influencing revenue stability.
Geopolitical and permitting delays possibly affecting project timelines and operational costs, specifically noted with environmental permitting impacting vessel utilization.
預計感知和監測市場的持續波動將影響營收穩定性。
地緣政治和許可證審批的延遲可能會影響項目進度和運營成本，具體來說，環保母基申請許可可能會影響船隻的利用。
More details: CGG Sponsored ADR IR
更多詳情：cgg adr 投資者關係
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
