Helix Q2 net income $7.1M vs prior loss; revenue $309M (+90% YoY); guides 2023 higher

HELIX ENERGY SOLUTIONS GROUP INC

2023-Q2 EPS reported $0.01 revenue$558,901,000

Net income of $7.1M ($0.05 diluted EPS) vs Q1 loss of $5.2M and Q2 2022 loss of $29.7M.
Revenue $308.8M (+91% YoY); adjusted EBITDA $71.3M vs $16.8M in Q2 2022.
Robotics segment achieved highest quarterly revenue since 2015 at $70.1M.
ABL facility increased by $20M; repurchased 750k shares for $5.1M in Q2.
2023 full-year guidance raised citing strong offshore markets and seasonal activity.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HELIX ENERGY SOLUTIONS GROUP INC reported second quarter 2023 results: revenue $ 308,817, net income $7.1 million, EPS $0.05 per diluted share. Guidance raised.

Period: second quarter 2023
Revenue: $ 308,817
Net income: $7.1 million
EPS: $0.05 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

per share amounts, unaudited) Three Months Ended Six Months Ended 6/30/2023 6/30/2022 3/31/2023 6/30/2023 6/30/2022 Revenues $ 308,817 $ 162,612 $ 250,084 $ 558,901 $ 312,737 Gross Profit (Loss) $ 55,349 $ (1,354) $ 15,184 $ 70,533 $ (19,963) 18 % (1) % 6 % 13 % (6) % Net Income (Loss)

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HELIX ENERGY SOLUTIONS GROUP INC reported six months ended June 30, 2023 results: net income $1.9 million, EPS $0.01 per diluted share. Guidance raised.

Period: six months ended June 30, 2023
Net income: $1.9 million
EPS: $0.01 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

For the six months ended June 30, 2023, Helix reported net income of $1.9 million, or $0.01 per diluted share, compared to a net loss of $71.7 million, or $(0.47) per diluted share, for the six months ended June 30, 2022.

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Source: SEC EDGAR

accession 0000866829-23-000027

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