SLB Q3 revenue rises 10% to $9.16 billion; GAAP EPS up 6% to $0.83
SLB reported third-quarter 2024 revenue of $9.16 billion, up 10% from a year earlier, with GAAP diluted EPS of $0.83 and EPS excluding charges and credits of $0.89. The company said it accelerated its share repurchases and now expects to exceed its $3.0 billion shareholder return commitment for the year, while it expects a full-year adjusted EBITDA margin at or above 25%.
- Revenue of $9.16 billion was flat sequentially and up 10% year on year; GAAP diluted EPS was $0.83, up 6% year on year
- EPS excluding charges and credits was $0.89, up 14% year on year; adjusted EBITDA was $2.34 billion, up 13% year on year
- SLB repurchased 11.3 million shares for $501 million in the quarter and expects to exceed its $3.0 billion full-year shareholder return commitment
- Board approved a quarterly dividend of $0.275 per share, payable January 9, 2025, to holders of record on December 4, 2024