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Helix Reports Third Quarter 2019 Results

Nachrichtenquelle: Business Wire (engl.)
22.10.2019, 00:15  |  329   |   |   

Helix Energy Solutions Group, Inc. ("Helix") (NYSE: HLX) reported net income of $31.6 million, or $0.21 per diluted share, for the third quarter of 2019 compared to $27.1 million, or $0.18 per diluted share, for the same period in 2018 and $16.8 million, or $0.11 per diluted share, for the second quarter of 2019. Net income for the nine months ended September 30, 2019 was $49.8 million, or $0.33 per diluted share, compared to $42.3 million, or $0.29 per diluted share, for the nine months ended September 30, 2018.

Helix reported Adjusted EBITDA1 of $66.3 million for the third quarter of 2019 compared to $58.6 million for the third quarter of 2018 and $50.3 million for the second quarter of 2019. Adjusted EBITDA for the nine months ended September 30, 2019 was $146.8 million compared to $138.5 million for the nine months ended September 30, 2018. The table below summarizes our results of operations:

 

Summary of Results

($ in thousands, except per share amounts, unaudited)

Three Months Ended Nine Months Ended
9/30/2019 9/30/2018 6/30/2019 9/30/2019 9/30/2018
Revenues

$

212,609

$

212,575

$

201,728

$

581,160

$

581,462

 
Gross Profit

$

55,074

$

51,993

$

39,934

$

111,262

$

107,873

 

26%

 

24%

 

20%

 

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