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SEACOR Marine Holdings Inc. (NYSE: SMHI) reported its first quarter 2024 results, with operating revenues of $62.8 million and a net loss of $23.1 million. The company highlighted a 2.6% increase in revenues from the first quarter of 2023, despite a 14.1% decrease from the previous quarter. While average day rates increased by 33.0% year-over-year, the DVP margin decreased to 23.4% due to higher operating expenses. The CEO mentioned ongoing improvements in dayrates and anticipated enhanced utilization in the future.
