By South Florida Business Journal

Seacor Holdings reported that net income for the second quarter ended June 30 was $64.1 million, or $2.93 a share, up more than 51 percent from $42.3 million, or $1.91 a share, in the prior-year period.

The Fort Lauderdale-based diversified energy services provider (NYSE: CKH) said revenue was $694.6 million, up 78 percent from $389.2 million last year.

The company said that business during the quarter was impacted by the oil spill in the Gulf of Mexico, which it is helping to clean up.

⿿We have several thousands of people [working in the Gulf],⿝ VP Eric Fabrikant previously told the Business Journal. ⿿They⿿re not all direct employees of our entities, but most of them are subcontractors.⿝

Seacor and its affiliates are doing everything from skimming oil to laying boom to decontaminating boats covered in oil to providing helicopters, he said.

Publicly available data shows that Seacor has obtained more than $5.85 million in contracts from the federal government to help with the cleanup. Fabrikant previously noted that Seacor also has contracts with BP PLC, which is responsible for the cleanup, but declined to say how much those contracts are worth.

During the quarter, the company purchased 1.36 million shares of its stock at an average price of $73.25. At the end of the quarter, 21.2 million shares remained outstanding.

Shares opened morning trading up 11 percent to $83. The 52-week high was $92.23 on April 30. The 52-week low was $67.01 on June 8.

Copyright 2010 American City Business Journals
Copyright 2010