Siem Offshore Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 85.62 million compared to USD 73.74 million a year ago. Net income was USD 13.38 million compared to USD 9.92 million a year ago. Basic earnings per share from continuing operations was USD 0.06 compared to USD 0.04 a year ago.
For the nine months, sales was USD 250.87 million compared to USD 209.96 million a year ago. Net income was USD 74.52 million compared to USD 37.35 million a year ago. Basic earnings per share from continuing operations was USD 0.31 compared to USD 0.16 a year ago.