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Dec 31, 2021
SEACOR Marine Q4 2021 Earnings Report
Announced fourth quarter 2021 results, showing increased utilization and improved DVP compared to the previous year.
Key Takeaways
SEACOR Marine's Q4 2021 results showed improvement with increased utilization across all regions and asset classes, reaching 73%, the highest since Q3 2014. The company's consolidated operating revenues were $48.0 million, with an operating loss of $14.7 million and a direct vessel profit of $12.9 million. Net loss attributable to SEACOR Marine was $15.8 million ($0.62 loss per basic and diluted share).
Increased utilization across all regions and asset classes, with average utilization rates of 73%, the highest since the third quarter of 2014.
The Company was down to five laid-up vessels at the end of 2021.
27% and 24% improvement in consolidated DVP compared to the third quarter of 2021 and the fourth quarter of 2020, respectively.
Business continued to improve during the fourth quarter with healthy levels of contracted activity and tendering activity
Forward Guidance
Company's focus during recent months has been to prepare and position the fleet to participate fully in the market up-cycle.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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