France's Vallourec Q4 revenue beats analyst expectations on resilient US demand

Vallourec SA

27/02/2026 06:37

Overview

France tubular solutions firm's Q4 revenue beat analyst expectations

Q4 EBITDA was €214 mln, with a 21% margin

Company targets €650 mln shareholder distribution by August 2026

Outlook

Vallourec expects Q1 2026 EBITDA between €165 mln and €195 mln

Company anticipates lower Tubes sales volumes in H1 2026

Vallourec sees slight decrease in US market prices early in 2026

Result Drivers

US DEMAND - Resilient US customer demand noted, while imports continue to decline

MIDDLE EAST REBOUND - Early signs of activity rebound in key Middle East markets

CASH GENERATION - Strong cash generation aided by robust collections and inventory management

Company press release: ID:nGNX57nPzm

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
EUR 1.04 bln
EUR 910.51 mln (4 Analysts)
Q4 Net Income
EUR 96 mln
Q4 EBITDA
EUR 214 mln
Q4 Operating Income
EUR 150 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the oil related services and equipment peer group is "buy"

Wall Street's median 12-month price target for Vallourec SA is €21.00, about 5.7% above its February 26 closing price of €19.87

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 9 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)