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Management attributed resilient 20.2% EBITDA margins to structural improvements in working capital and cost discipline, despite significant operational disruptions in the Middle East.
The Middle East region faced activity suspensions and logistical hurdles due to regional conflict, with freight costs peaking in May before beginning to moderate.
Strategic discipline led the company to exit the Saudi Arabian LSTK contract, prioritizing higher-margin, technology-differentiated work over lower-return revenue volume.
Latin American performance was impacted by activity deferrals in Mexico, though cash flow was bolstered by strong, consistent payments from the primary customer there.
#east #ebitda #strategic #saudi
Management attributed resilient 20.2% EBITDA margins to structural improvements in working capital and cost discipline, despite significant operational disruptions in the Middle East.
The Middle East region faced activity suspensions and logistical hurdles due to regional conflict, with freight costs peaking in May before beginning to moderate.
Strategic discipline led the company to exit the Saudi Arabian LSTK contract, prioritizing higher-margin, technology-differentiated work over lower-return revenue volume.
Latin American performance was impacted by activity deferrals in Mexico, though cash flow was bolstered by strong, consistent payments from the primary customer there.
#east #ebitda #strategic #saudi
3 months ago
