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. (NYSE: SMHI) is a provider of marine and support transportation services to offshore energy facilities worldwide. News about SEACOR Marine often centers on how its diverse fleet of offshore support vessels is deployed across key offshore markets and how its operations evolve with changes in offshore wind, decommissioning and traditional offshore production and storage activities.
Company updates frequently include quarterly and annual earnings results, where SEACOR Marine reports operating revenues, operating income or loss, net income or loss and its non-GAAP measure, Direct Vessel Profit ("DVP"). These releases also provide operational statistics such as average day rates, fleet utilization and fleet available days, offering insight into pricing and activity levels across the fleet.
Investors following SMHI news will also see announcements on vessel sales and acquisitions, asset rotation and repositioning. SEACOR Marine has reported sales of platform supply vessels (PSVs), fast supply vessels (FSVs), liftboats and anchor handling towing supply (AHTS) vessels, as well as orders for new PSVs equipped with integrated battery energy storage systems. News items describe how sale proceeds are used to fund newbuild programs, refinance debt or repurchase equity securities.
Additional coverage includes financing transactions and capital structure developments, such as the entry into a senior secured term loan facility that consolidates existing debt and provides funding for PSV construction, and repurchases of common shares and warrants. Governance and sustainability-related news, including board appointments and the publication of a sustainability report, also appear in SEACOR Marine’s disclosures.
By tracking SEACOR Marine news, readers can monitor developments in its offshore support fleet, changes in regional market conditions referenced by the company, and the financial and strategic decisions it reports through press releases and SEC filings.
SEACOR Marine Holdings Inc. (NYSE: SMHI) reported its Q2 2024 results, showing mixed performance. The company's consolidated operating revenues increased to $69.9 million, up 2.3% year-over-year and 11.3% quarter-over-quarter. However, SMHI reported an operating loss of $3.9 million and a net loss of $12.5 million ($0.45 loss per share). Average day rates improved significantly to $19,141, a 25.5% increase from Q2 2023. Utilization decreased to 69% from 78% in Q2 2023 but improved from 62% in Q1 2024. The company's Direct Vessel Profit (DVP) margin decreased to 29.1% due to higher drydocking and repair expenses. SEACOR Marine reported a $403.9 million contracted revenue backlog and plans to install hybrid battery systems on four platform supply vessels over the next 12 months.
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.
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