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Jun 30, 2022
SEACOR Marine Q2 2022 Earnings Report
Announced results for the second quarter of 2022.
Key Takeaways
SEACOR Marine's consolidated operating revenues for the second quarter of 2022 were $54.0 million, operating loss was $15.5 million, and direct vessel profit (“DVP”) was $9.9 million. Average utilization rates of 77%, the highest since the second quarter of 2014.
Average utilization rates of 77%, the highest since the second quarter of 2014.
26% improvement in revenues compared to the second quarter of 2021 and 18% improvement from the first quarter of 2022.
151% increase in dry docking and major repairs compared to the second quarter of 2021 and 44% increase from the first quarter of 2022.
Net loss from continuing operations was $19.1 million ($0.72 loss per basic and diluted share).
Revenue by Segment
Forward Guidance
We expect our overall financial performance to continue improving as repairs for these large liftboats and regulatory inspection cycle are completed, which should place us in a timely position to participate in attractive contracting opportunities.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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