Welcome to our dedicated page for Seacor Marine Ho news (Ticker: SMHI), a resource for investors and traders seeking the latest updates and insights on Seacor Marine Ho stock.
Seacor Marine Holdings Inc (SMHI) provides critical marine transportation and offshore support services to energy facilities worldwide. This dedicated news hub offers investors and industry professionals timely access to official announcements, financial updates, and strategic developments from the company.
Our curated collection features SMHI's press releases covering quarterly earnings, vessel fleet expansions, international contract awards, and operational milestones. Stay informed about key initiatives in offshore wind support and maritime logistics through verified primary sources.
This resource serves as a comprehensive reference for tracking SMHI's market position within the marine transportation sector. Users benefit from centralized access to essential updates while maintaining strict adherence to financial disclosure standards.
Bookmark this page for direct access to SMHI's latest corporate communications. Check back regularly to monitor how the company navigates evolving energy markets and maintains its operational leadership in maritime environments.
SEACOR Marine Holdings Inc. (NYSE: SMHI) has mandated Clarksons Securities AS and DNB Markets to arrange fixed income investor calls starting April 24, 2023. Following these meetings, the company may proceed with an offering of new USD-denominated 5-year senior secured bonds, contingent on market conditions. The anticipated net proceeds from the bond issuance will be used for refinancing outstanding secured debt and general corporate purposes. These bonds will be privately placed in the U.S. in accordance with securities laws and sold outside the U.S. under Regulation S of the Securities Act of 1933. SEACOR Marine provides vital marine and support transportation services to offshore energy facilities, managing a diverse fleet that supports various offshore operations.
SEACOR Marine Holdings Inc. (NYSE: SMHI) reported its fourth quarter 2022 results, revealing consolidated operating revenues of $57.9 million, an operating loss of $10.5 million, and direct vessel profit (DVP) of $13.6 million. This reflects a 20.8% revenue increase year-over-year but a 3.1% decrease sequentially. Average utilization rose to 76%, the highest in the fourth quarter since 2013. The company extended the maturity of $125 million in senior convertible debt. Despite higher repair costs impacting DVP, SEACOR Marine is optimistic about growth prospects in 2023, especially in the liftboat sector and hybrid propulsion advancements.
SEACOR Marine Holdings Inc. (SMHI) reported third-quarter results, showing consolidated revenues of $59.8 million with an operating loss of $10.9 million. Compared to $43.7 million in Q3 2021 and $54.0 million in Q2 2022, revenues increased by 37% year-over-year. DVP stood at $15.8 million, reflecting improvements in utilization at 79%, the highest since Q4 2013. Key highlights include a $66.0 million sale of joint ventures in Mexico and refinancing efforts that extend credit facility maturities to 2026. Loss from continuing operations was $24.4 million or ($0.91) per share.
SEACOR Marine Holdings (NYSE:SMHI) announced significant financial maneuvers, including the sale of minority equity interests in Mexican joint ventures for $66 million and refinancing over $175 million in debt maturities to 2026. The sale marks a lucrative exit from long-standing investments while retaining operational ties through equipment charters. The refinancing, supported by major lenders, enhances liquidity and extends debt maturities, paving the way for future opportunities amid an industry upcycle.
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