Subsea 7 S.A. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 1,395.4 million compared to USD 1,246.3 million a year ago. Net income was USD 27 million compared to net loss of USD 19.9 million a year ago.

Basic earnings per share from continuing operations was USD 0.09 compared to basic loss per share from continuing operations of USD 0.07 a year ago. Diluted earnings per share from continuing operations was USD 0.09 compared to diluted loss per share from continuing operations of USD 0.07 a year ago.