Published on 25 Apr 2024 on GuruFocus.com via Yahoo Finance
Helix Energy Solutions Group Inc (HLX) Reports Q1 2024 Earnings: A Detailed Analysis
Revenue: Reported $296.21 million, up from $250.08 million year-over-year, meeting estimates of $296.73 million.Net Loss: Reported a net loss of $26.29 million, significantly below the estimated net income of $3.75 million.Earnings Per Share (EPS): Reported a loss of $0.17 per share, falling short of the estimated earnings of $0.02 per share.Adjusted EBITDA: Reached $47.0 million, up from $35.1 million in the same quarter the previous year.Free Cash Flow: Achieved $61.24 million, a significant improvement from a negative $11.69 million in the first quarter of 2023.Cash and Cash Equivalents: Ended the quarter with $323.85 million, up from $166.67 million year-over-year.Operating Cash Flows: Increased to $64.48 million from a negative $5.39 million in the first quarter of 2023.
Warning! GuruFocus has detected 3 Warning Signs with HLX.