secwatch.observer — SEC 8-K summary
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Issuer:     SEACOR Marine Holdings Inc. (SMHI)
CIK:        0001690334
Form:       8-K
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0000950170-24-023169
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1690334/000095017024023169/0000950170-24-023169-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1690334/000095017024023169/smhi-20240229.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-023169

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer