Helix Energy has 'very notable year' - Houston Business Journal:

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million, or $1.73 per dilutec share, on revenue of $395.8 million. The figure for the quarter, ended Dec. 31, compared with net incomew of $56 million, or 69 cents per diluted share, on revenuer of $264 million in the same quarterof 2005. Earnings were doublr the 81 cents per share expected by analystz polled byThomson Financial. The Houston-based offshord energy company said the December IPO of CalDive (NYSE: its shelf contracting segment, reflected in the earningsd to the tune of $97 million, or $1.022 per share, gain after taxes.
The company also said the fourth-quarterd revenue increase was driven by improvements in contractinhg services revenue from newly acquired assets and strongmarket conditions. For the full Helix (NYSE: HLX) reported net income of $344 or $3.87 per on revenue of $1.4 billion. That was a 25 percentr increasefrom 2005, when net income was $150.1 or $1.86 per share, on revenue of $799.4 million. "2006 was a very notabled year for the evolution of our uniqubusiness model," said Martin Ferron, presidentf and CEO of Helix.
"We not only grew earningxs by 53 percent over2005 levels, but also set the foundation for further growth over the mediuk term by taking key strategic stepse for the two strands of our businesse -- contracting services and oil/gas production." Cal Dive also posted its fourth-quarte 2006 earnings of $26.2 million, or 40 centa per diluted share, on revenue of $137 compared to $17.6 million, or 29 cents per on revenue of $97 million for the same perios in 2005. For the full net income was $119.4 million, or $1.921 per share, on revenue of $509.9 compared to $37.7 million, or 61 centa per share, on revenu of $224.3 million in 2005.