Seacor Reports Good First Quarter

Seacor Holdings Inc., a global provider of marine transportation equipment and logistics services, today announced its results for its first quarter ended March 31, 2014.

For the quarter ended March 31, 2014, net income attributable to Seacor from continuing operations was $11.5 million, or $0.56 per diluted share, compared with $8.4 million, or $0.41 per diluted share, from continuing operations in the preceding quarter ended December 31, 2013.

For the quarter ended March 31, 2013, net loss attributable to Seacor Holdings Inc. was $21.0 million, or $1.06 per diluted share, including a loss from continuing operations of $10.8 million, or $0.55 per diluted share.

As of March 31, 2014, the company’s balances of cash, cash equivalents, restricted cash, marketable securities, construction reserve funds and Title XI reserve funds totaled $683.1 million and its total outstanding long-term debt was $880.1 million.

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seacor, April 25, 2014