---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-051295"
form_type: "8-K"
ticker: "SMHI"
cik: "0001690334"
company_name: "SEACOR Marine Holdings Inc."
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T03:01:17.083534+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# SEACOR Marine Q1 net loss $23.1M ($0.84/sh); revenue up 2.6% but DVP down 35%

## Summary
- Q1 2024 revenue $62.8M (+2.6% YoY); operating loss $10.6M vs income $0.2M in Q1 2023.
- Net loss $23.1M ($0.84 per share) vs net loss $9.6M ($0.36) in Q1 2023.
- Direct vessel profit $14.7M (23.4% margin), down from $22.7M (37.1%) YoY; $8.5M drydocking expense.
- Average day rates $19,042, up 33% YoY and 5.6% sequentially.
- CEO cites lower seasonal utilization, US permitting delays, offshore wind delays; expects improved utilization in Q2.

## SEC filing metadata
- accession: 0000950170-24-051295
- form_type: 8-K
- ticker: SMHI
- cik: 0001690334
- company_name: SEACOR Marine Holdings Inc.
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1690334/000095017024051295/0000950170-24-051295-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1690334/000095017024051295/smhi-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-051295
- JSON: https://secwatch.observer/filing/0000950170-24-051295.json
- Plain text: https://secwatch.observer/filing/0000950170-24-051295.txt

## Key facts
- Earnings Releases
  SEACOR Marine Holdings Inc. reported first quarter ended March 31, 2024 results: revenue $62.8 million, net income $23.1 million ($0.84 loss per basic and diluted share), EPS ($0.84) per basic and diluted share.
  - Period: first quarter ended March 31, 2024
  - Revenue: $62.8 million
  - Net income: $23.1 million ($0.84 loss per basic and diluted share)
  - EPS: ($0.84) per basic and diluted share
  - Result: reported results
  source text: facilities worldwide, today announced results for its first quarter ended March 31, 2024. SEACOR Marine’s consolidated operating revenues for the first quarter of 2024 were $62.8 million, operating loss was $10.6 million, and direct vessel profit (“DVP”) (1) was $14.7 million. This compares to consolidated operating revenues of $61.2 million, operating income of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1690334/000095017024051295/0000950170-24-051295-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.