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Seacor Holdings 1Q Results

Seacor Holdings Inc. announced net income attributable to its stockholders for the first quarter ended March 31, 2009 of $53 million, or $2.36 per diluted share, on operating revenues of $399.5 million. For the quarter ended March 31, 2008, net income attributable to SEACOR Holdings Inc. was $36.6 million, or $1.50 per diluted share, on operating revenues of $354.5 million. For the preceding quarter ended December 31, 2008, net income attributable to Seacor Holdings Inc. was $70.5 million, or $3.11 per diluted share, on operating revenues of $454.9 million. Comparison of results for the first quarter ended March 31, 2009 with the preceding quarter ended December 31, 2008 is included in the discussion below.