Cal Dive expects improved financial performance over next two quarters

theflyonthewall.com

CEO Quinn Hébert commented, “Looking forward, we expect improved financial performance over the next two quarters compared to the fourth quarter last year and the first quarter this year driven by our project execution in Mexico and steady work in Australia, which is commencing its summer work season. The timing of financial improvement resulting from the Pemex awards between the fourth quarter of this year and the first quarter 2014 will ultimately depend on the percentage of each project completed by year-end. We will continue to focus on international growth while we navigate through the challenges presented by the domestic shallow water market.”

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