Brief: SEACOR Marine Reports Q2 Loss Per Share $1.21

SEACOR Marine Holdings

07/08/2019 22:27

Aug 7 (Reuters) - SEACOR Marine Holdings Inc  SMHI.N :
    * SEACOR MARINE ANNOUNCES SECOND QUARTER 2019 RESULTS
    * Q2 LOSS PER SHARE $1.21
    * FOLLOWING END OF QUARTER, COMPANY INITIATED COST REDUCTION
INITIATIVES
    * QTRLY OPERATING REVENUES $64.3 MILLION VERSUS $60.7
MILLION
    * COST REDUCTION MEASURES INCLUDE A REDUCTION OF WORKFORCE,
REORGANIZATION OF MANAGEMENT STRUCTURE, OTHERS
    * SEACOR MARINE - COST REDUCTION MEASURES ALSO INCLUDE
CLOSURE
AND/OR CONSOLIDATION OF CERTAIN FACILITIES IN U.S. GULF OF
MEXICO, MIDDLE EAST, EUROPE
    * SEACOR MARINE - COST REDUCTION INITIATIVES WILL RESULT IN
A
ONE-TIME RESTRUCTURING CHARGE IN Q3 OF 2019

Source text for Eikon:  ID:nGNXbZpsQh 
Further company coverage:  SMHI.N 

 ((Reuters.Briefs@thomsonreuters.com;))