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Mar 31, 2020
SEACOR Marine Q1 2020 Earnings Report
Announced first quarter 2020 results
Key Takeaways
SEACOR Marine's first quarter revenues were $41.7 million, operating loss was $24.6 million, and net loss attributable to SEACOR Marine Holdings Inc. was $15.9 million ($0.66 loss per basic and diluted share).
Average dayrates, excluding those for the crew transfer vessel fleet, increased to $11,157 in the first quarter of 2020 from $11,071 in the fourth quarter of 2019.
SEACOR Marine closed its acquisition of the remaining minority interests in Falcon Global Holdings LLC, increasing its ownership stake to 100%.
First quarter results include one-time restructuring charges of $0.5 million from the Company’s continuing cost reduction initiatives.
First quarter revenues saw limited impact from COVID-19 and the drop in oil prices.
Revenue by Geographic Location
Revenue & Expenses
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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