Akastor ASA announced a cash dividend of NOK 2.50 per share, approved by its board and supported by proceeds from the October sales of NES Fircroft and Skandi Peregrino. Total shareholder distributions since July of last year reach NOK 5.65 per share, or NOK 1.5 billion combined.
The company's HMH segment reported Q3 revenue of USD 171 million and adjusted EBITDA of USD 38 million, reflecting a 22% adjusted margin. Order intake totaled USD 191 million, producing a book-to-bill ratio of 1.1. HMH's equipment order activity came in below expectations in the quarter, with several larger opportunities pushed to later periods. The company said it continues to see a healthy opportunity pipeline and remains confident in deepwater fundamentals.