Hornbeck Offshore (HOS) Tops Q1 EPS by 14c

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Go back to Hornbeck Offshore (HOS) Tops Q1 EPS by 14c

Hornbeck Offshore Announces First Quarter 2015 Results

April 29, 2015 5:16 PM EDT

COVINGTON, La., April 29, 2015 /PRNewswire/ -- Hornbeck Offshore Services, Inc. (NYSE: HOS) announced today results for the first quarter ended March 31, 2015.  Following are highlights for this period and the Company's future outlook:

1Q2015 sale of three OSVs to U.S. Navy resulted in pre-tax gain on sale of assets of $33.1 million ($0.57 per diluted share) Excluding gain on sale of assets, 1Q2015 diluted EPS was $0.42, an increase of $0.11, or 35%, from the year-ago quarter Excluding gain on sale of assets, 1Q2015 EBITDA was $61.7 million, an... More