Helix swings to Q2 net income $32.3M; revenue $364.8M up 18% YoY

HELIX ENERGY SOLUTIONS GROUP INC

2024-Q2 EPS reported $0.04 revenue$661,008,000

Net income $32.3M ($0.21/diluted) vs Q1 loss $26.3M and Q2 2023 income $7.1M.
Revenue $364.8M, up 18% YoY and 23% QoQ; adjusted EBITDA $96.9M up 36% YoY.
Well Intervention revenue $224.7M (+46% YoY) on higher utilization; Robotics $81.2M (+61% QoQ).
Shallow Water Abandonment revenue $50.8M (-33% YoY); segment operating loss $0.3M.
Repurchased 0.5M shares for $5.2M; net debt $43.6M; operating cash flow -$12.2M due to $58.3M earn-out.

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