Seacor Marine Holdings reported a fourth-quarter profit in a turnaround from year earlier results. But the figure largely came from the one-time benefit to US corporations of federal tax reform.

The offshore vessel spin-off of Seacor Holdings reported net income of $28.9m, compared to a year earlier loss of $61.5m. Earnings per share came in at $1.65.

Much of the gain stemmed from a one-time $51.3m