Vallourec reported Q1 2026 earnings that surpassed expectations, with EPS of $0.35 vs. forecast $0.338, a 3.55% surprise. Revenue came in at $975 million, exceeding the expected $913.32 million. The stock initially surged 13.23% to $27.465, then dropped 8.59% to $26.365, reflecting mixed investor sentiment.
Group EBITDA reached $220 million, with margin improvement of 200 basis points to 22.6%. Tubes segment EBITDA per ton hit $724, driven by favorable mix and cost management. The company generated strong cash flow and increased net cash to $67 million after $107 million in share buybacks.
Looking ahead, Vallourec expects Q2 EBITDA between $175-205 million, with improvements in H2. The company is optimistic about U.S. pricing and international tendering activity, particularly in offshore and new energy sectors.
