May 15, 2024 / 11:00AM GMT
Bernt Omdal - Siem Offshore Inc - Chief Executive Officer
Good day, everyone, and welcome to the review and presentation of our results for the first quarter. My name is Bernt Omdal, and I'm the Chief Executive Officer of Siem Offshore. I'm joined by our CFO, Vidar Jerstad and together we will take you through this presentation.
Siem Offshore's report for the first quarter 2024 was released prior to the market opening today. And in this presentation, we will cover the main highlights for the report, and we will refer to the presentation issued together with the financial report. And at the end of the presentation, we will open up questions.
Looking at the highlights for the quarter, we had 26 vessels in operation and all vessels delivered a positive EBITDA margin. We had close to $83 million in revenue, and we delivered $33 million in EBITDA, which is equivalent to 40% EBITDA margin. Our cash position at the end of the quarter was close to $77 million and our book equity ratio was close to 50%. In the quarter, we had clause renewals for three of our vessels which are impacting the margin
Q1 2024 Siem Offshore Inc Earnings Call Transcript
May 16, 2024
Already have an account? Log in
Get the full story
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent 
4.6 out of 5 
Trustpilot
Trustpilot
Survey
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
Follow Us
Disclaimers