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Seacor Marine Announces Fourth Quarter 2020 Results


Seacor Marine Announces Fourth Quarter 2020 Results
/EIN News/ HOUSTON, March 11, 2021 (GLOBE NEWSWIRE) SEACOR Marine Holdings Inc. (NYSE:SMHI) (the “Company” or “SEACOR Marine”), a leading provider of marine and support transportation services to offshore energy facilities worldwide, today announced results for its fourth quarter and full year ended December 31, 2020.
Notable fourth quarter items include:
Entered into definitive agreement to sell Windcat Workboat Holdings Ltd. (“Windcat”) and its crew transfer business with the transaction closing on January 12, 2021. SEACOR Marine received net cash proceeds of approximately US$42.6 million. The buyer also assumed all of the approximately GBP£20.4 million of debt outstanding under Windcat’s existing revolving credit facility.  SEACOR Marine recognized a gain on the sale of approximately US$22.8 million, which will be reflected in SEACOR Marine’s financial results for the first quarter of 2021. ....

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Air Products Reports Fiscal 2021 First Quarter GAAP EPS# and Adjusted EPS* of $2.12


Q1 FY21 (comparisons versus prior year):
GAAP EPS of $2.12, down one percent, including an estimated $0.10-$0.15 negative impact from COVID-19; GAAP net income of $487 million, flat; and GAAP net income margin of 20.5 percent, down 120 basis points
Adjusted EPS of $2.12, down one percent, including an estimated $0.10-$0.15 negative impact from COVID-19; adjusted EBITDA margin of 39.2 percent, down 110 basis points
Q1 FY21 Highlights
Continued to safely operate more than 750 facilities around the world, reliably supplying customers and executing world-scale projects despite the continued challenges of COVID-19
Increased quarterly dividend 12 percent to $1.50 per share, representing the 39th consecutive year that dividends have increased ....

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