Siem Industries Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported operating revenues of $47,029,000 compared to $34,898,000 a year ago. Total income was $157,638,000 compared to $51,354,000 a year ago. Income before income tax expense was $107,826,000 compared to $16,480,000 a year ago. Net income attributable to holders of common shares was $106,233,000 or $7.02 per basic and diluted share compared to $15,449,000 or $1.01 per basic and diluted share a year ago.

For the six months, the company reported operating revenues of $91,329,000 compared to $86,100,000 a year ago. Total income was $269,491,000 compared to $148,982,000 a year ago. Income before income tax expense was $175,813,000 compared to $49,839,000 a year ago. Net income attributable to holders of common shares was $174,173,000 or $11.50 per basic and diluted share compared to $48,388,000 or $3.17 per basic and diluted share a year ago. Net cash provided by operating activities was $4,052,000 against $30,825,000 a year ago.