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.
CEO remains optimistic about 2023, citing the company's performance in the first quarter and increased demand across all business segments.
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