Q1 2018 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$91M-43.1% YoY

Gross Profit

$16M17.1% margin

Operating Income

-$12M-13.3% margin

Net Income

-$39M-42.8% margin

EPS (Diluted)

$-1.67

QoQ Revenue Growth

-12.4%

Cash Flow

Operating Cash Flow

-$6M

Free Cash Flow

-$8M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$1.7B

Total Liabilities

$701M

Stockholders' Equity

$983M

Cash & Equivalents

$442M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$91M	$161M	-43.1%
Gross Profit	$16M	$77M	-79.7%
Operating Income	-$12M	$6M	-295.0%
Net Income	-$39M	-$95M	+58.7%

Revenue Segments

Worldwide Fleet

$87M45%

Worldwide Fleet Deepwater Vessels

$49M25%

Worldwide Fleet Towing Supply And Supply

$32M17%

Europe And Mediterranean Sea Fleet Deepwater

$9M5%

Middle East And Asia Pacific Fleet Towing Supply And Supply

$9M5%

Worldwide Fleet Other

$6M3%

Europe And Mediterranean Sea Fleet Towing Supply And Supply

$603,0000%

Geographic Segments

ANGOLA

$14M100%