SEACOR Marine Q4 2023 op rev $73.1M +26%; net income $5.7M vs loss

SEACOR Marine Holdings Inc.

2023-FY EPS reported -$0.34 revenue$279,511,000

Operating revenues $73.1M, +26.2% YoY; operating income $22.6M vs loss of $10.5M in Q4 2022.
Net income $5.7M ($0.21 basic EPS) vs net loss $13.3M ($0.50 loss) in Q4 2022.
Average day rate $18,031 (+30.7% YoY); DVP margin 40.8% up from 23.5%.
Sold two non-core vessels for $36.5M total proceeds; recognized gains of $18.3M.
Management sees strong demand in 2024; plans to upgrade four PSVs to hybrid power in late 2024/2025.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

SEACOR Marine Holdings Inc. reported financial results for the twelve months ended December 31, 2023.

Period: the twelve months ended December 31, 2023
Result: reported results

Exact text from the filing

On February 29, 2024, SEACOR Marine Holdings Inc. (the “Company”) issued a press release setting forth its earnings for the three and twelve months ended December 31, 2023 (the “Earnings Release”).

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

SEACOR Marine Holdings Inc. reported the fourth quarter ended December 31, 2023 results: revenue $73.1 million, net income $5.7 million ($0.21 earnings per basic share and $0.20 earnings per diluted share), EPS $0.21 earnings per basic share and $0.20 earnings per diluted share.

Period: the fourth quarter ended December 31, 2023
Revenue: $73.1 million
Net income: $5.7 million ($0.21 earnings per basic share and $0.20 earnings per diluted share)
EPS: $0.21 earnings per basic share and $0.20 earnings per diluted share
Result: reported results

Exact text from the filing

SEACOR Marine’s consolidated operating revenues for the fourth quarter of 2023 were $73.1 million, operating income was $22.6 million, and direct vessel profit (“DVP”) (1) was $29.8 million.

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SEACOR Marine Holdings Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-023169

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