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Mar 31, 2022
SEACOR Marine Q1 2022 Earnings Report
Announced first quarter 2022 results.
Key Takeaways
SEACOR Marine's consolidated operating revenues for Q1 2022 were $45.6 million, with an operating loss of $17.1 million, and direct vessel profit of $6.1 million. The company experienced a 25% improvement in revenues compared to Q1 2021, but also faced increased drydocking and major repairs expenses.
Average utilization rates of 70%, the highest for the seasonally low first quarter since 2014.
25% improvement in revenues compared to the first quarter of 2021.
Net loss from continuing operations was $14.8 million ($0.56 loss per basic and diluted share).
Increases in drydocking and major repairs of 60% from the fourth quarter of 2021.
Forward Guidance
Demand for our services remains strong and we expect that our strategy will generate positive operating cash flows as the year progresses.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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