secwatch.observer — SEC 8-K summary
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Issuer:     SEACOR Marine Holdings Inc. (SMHI)
CIK:        0001690334
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0000950170-24-051295
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1690334/000095017024051295/0000950170-24-051295-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1690334/000095017024051295/smhi-20240501.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-051295

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