Core Insights - SEACOR Marine Holdings Inc. reported a consolidated operating revenue of 69.8millionforQ42024,adecreaseof4.573.1 million in Q4 2023, but a slight increase from 68.9millioninQ32024[2][5]−Thecompanyexperiencedanetlossof26.2 million in Q4 2024, compared to a net income of 5.7millioninQ42023andanetlossof16.3 million in Q3 2024 [3][10] - The average day rates increased to 18,901,a4.810.6 million, down from 22.6millioninQ42023,butanimprovementfromanoperatinglossof6.5 million in Q3 2024 [2][10] - Direct vessel profit (DVP) was reported at 23.1millionforQ42024,comparedto29.8 million in Q4 2023 and 16.0millioninQ32024[2][5]−TheDVPmargindecreasedto33.1391 million, simplifying its debt structure and addressing $125 million of near-term maturities [5][6] Market Outlook - The company anticipates a healthy level of inquiries in most international markets, except for the North Sea and Mexico, where demand is subdued due to regulatory and financial challenges [4][5] - Significant challenges are expected for offshore wind activities in the U.S. in the near term, but a backlog of maintenance and decommissioning activities in the Gulf of America is projected to increase activity levels [4][5] - The company is optimistic about its fleet mix being well-positioned to meet current demand expectations despite a mid-cycle lull in offshore drilling activity worldwide [4][5]
SEACOR Marine(SMHI) GlobeNewswire·2025-02-26 22:27