Siem Offshore Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 76.46 million compared to USD 60.95 million a year ago. Net income was USD 30.95 million compared to USD 8.03 million a year ago.

Basic earnings per share from continuing operations was USD 0.13 compared to USD 0.03 a year ago.