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SEACOR ANNOUNCES YEAR END RESULTS

 MORGAN CITY, La., Feb. 17 /PRNewswire/ -- SEACOR Holdings, Inc. (NASDAQ-NMS: CKOR), today announced that earnings for the fiscal year ending Dec. 31, 1992, were $214,000 or $.05 per share on revenues of $57,742,000. 1992 results included non-recurring charges of $405,000 (pre-tax) or $.07 per share, consisting primarily of costs relating to debt prepayment and restructuring and its initial public offering. In 1991, SEACOR earned $1,860,000 or $.51 per share on revenues of $47,664,000.
 For the fourth quarter of 1992, including the non-recurring charges, earnings were $240,000 or $.06 per share on revenue of $15,633,000 compared to earnings of $1,128,000 or $.29 per share on revenue of $13,992,000 in the comparable period of 1991. Fourth quarter 1991 earnings had been positively affected by the reversal of a $600,000 (pre-tax) reserve for bad debt.
 SEACOR's fleet now stands at 62 vessels with the recent acquisition of seven supply vessels from OMI Petrolink Corp., an increase from 55 vessels at Dec. 31, 1992. All the newly acquired vessels are to be incorporated into the SEACOR fleet by mid-March 1993.
 SEACOR and its subsidiaries operate a diversified fleet of marine vessels primarily dedicated to supporting offshore oil and gas exploration and development in the U.S. Gulf of Mexico, the North Sea and offshore West Africa. Services provided by the company's vessels include towing and anchor handling of mobile rigs, delivery of cargo and supplies to offshore rigs and platforms, transportation for offshore construction and maintenance, and standby safety support.
 SEACOR HOLDINGS, INC.
 Consolidated Results of Operations
 (Millions of dollars except shares and per share data)
 Periods ended Three Months Year
 Dec. 31 1991 1992 1991 1992
 Revenues $13,992 $15,633 $47,664 $57,742
 Net income $ 1,128 $ 240(A) $ 1,860 $ 214(A)
 Earnings per com. share $.29 $.06 $.51 $.05
 Weighted average
 shares outstanding 3,890,503 4,086,071 3,602,800 3,947,577
 -0- 2/17/93
 /CONTACT: Randall Blank, executive vice president and chief financial officer of SEACOR, 504-385-3475, or 212-307-6633/
 (CKOR)


CO: SEACOR Holdings, Inc. ST: Louisiana IN: MAR SU: ERN

GK-LR -- NY089 -- 7411 02/17/93 14:29 EST
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Publication:PR Newswire
Date:Feb 17, 1993
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