Siem Offshore Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 85.16 million compared to USD 64.35 million a year ago. Net income was USD 100 million compared to net loss of USD 6.46 million a year ago. Basic earnings per share from continuing operations was USD 0.42 compared to basic loss per share from continuing operations of USD 0.03 a year ago.
For the full year, sales was USD 336.03 million compared to USD 274.31 million a year ago. Net income was USD 174.52 million compared to USD 30.9 million a year ago. Basic earnings per share from continuing operations was USD 0.73 compared to USD 0.13 a year ago.