Loading...
•
Mar 31, 2023
SEACOR Marine Q1 2023 Earnings Report
SEACOR Marine's Q1 2023 results reflected building momentum in the cyclical recovery with improved day rates, revenues, and direct vessel profit.
Key Takeaways
SEACOR Marine announced its Q1 2023 results, demonstrating a 31.5% increase in revenues compared to Q1 2022. The company reported operating revenues of $60.0 million, operating income of $0.2 million, and a net loss of $9.6 million ($0.36 loss per share). Average utilization rate was 76%, and average day rates reached $14,314, the highest since Q4 2015.
Revenues increased by 31.5% compared to the first quarter of 2022.
Average utilization rate reached 76%, the highest for a first quarter since 2014.
Average day rates improved to $14,314, the highest since the fourth quarter of 2015.
DVP margin increased 272.4% from the first quarter of 2022.
Forward Guidance
CEO remains optimistic about 2023, citing the company's performance in the first quarter and increased demand across all business segments.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...