SEACOR Holdings (NYSE: CKH) announced the redemption of all remaining 3% Convertible Senior Notes due 2028, totaling $34,482,000. The redemption price equals the principal amount plus accrued interest. This action indicates SEACOR's financial maneuverability, potentially reducing future interest obligations. The Company is involved in various sectors including transportation, logistics, and clean energy solutions. Investors should remain cautious of various risks outlined, including economic fluctuations and impacts from the COVID-19 pandemic.
SEACOR Holdings (NYSE: CKH) announced a full redemption of its 3.00% Convertible Notes due 2028, set for September 14, 2020. Holders can redeem at 100% plus accrued interest. Conversion rights are available until two business days before the redemption. Each $1,000 of Notes converts to 12.5892 shares of common stock at approximately $79.43 per share. The notice was sent to all registered holders on August 14, 2020.
SEACOR Holdings Inc. (NYSE:CKH) reported a net income of $7.9 million ($0.39 per diluted share) for Q2 2020, down from $14.6 million ($0.76 per diluted share) in the same quarter last year. Operating income rose to $13.7 million compared to $11.1 million a year prior. Cash earnings fell to $19.2 million, influenced by $7.5 million in cash taxes. Despite COVID-19 challenges, the Company noted increased demand in certain sectors, specifically in SEACOR Island Lines and Witt O'Brien's services. Liquidity remained stable with $135.9 million in cash and total debt at $284.5 million.
SEACOR Holdings (NYSE: CKH) announced its subsidiary, SCF Marine, will participate in a 12-month carbon offset program for its container on barge service. This initiative aims to achieve carbon neutrality by offsetting diesel emissions from services operating out of St. Louis, Memphis, and Port Allen. Since its inception in 2016, SCF Marine's service has displaced about 100,000 truck trips, saving approximately 4 million gallons of diesel and reducing CO2 emissions by over 40,000 metric tons. SEACOR is also exploring dual-fuel options for its inland towboats to further enhance environmental performance.
SCF Marine Inc., a subsidiary of SEACOR Holdings (CKH), announced participation in a U.S.-based carbon offset program starting June 2020 to achieve carbon neutrality in its container on barge service operated by SEACOR AMH. This initiative aims to offset diesel carbon emissions and has already displaced approximately 100,000 truck moves since 2016, saving about 4 million gallons of diesel and reducing CO2 emissions by over 40,000 metric tons. SCF also explores carbon-reducing technologies, including dual-fuel conversions for its inland towboats.
Summary not available.
Summary not available.