SEACOR Marine Holdings reported disappointing first quarter results, with sizeable cash usage and fleet utilization dropping to new multi-year lows. The company attributed the underperformance to seasonality and higher maintenance, drydocking and repositioning activities as well as weakness in the North Sea and the U.S. Gulf. Q2 results will benefit from a large one-time gain as a result of recent vessel sales.
Seacor Marine (SMHI) came out with a quarterly loss of $0.56 per share versus the Zacks Consensus Estimate of a loss of $0.57. This compares to loss of $0.84 per share a year ago.
Seacor Marine (SMHI) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
30 Jul 2025 (In 4 days) Date | | - Cons. EPS | - EPS |
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26 Feb 2025 Date | | - Cons. EPS | 0.12 EPS |
30 Oct 2024 Date | | 0.04 Cons. EPS | - EPS |
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26 Feb 2025 Date | | - Cons. EPS | 0.12 EPS |
30 Oct 2024 Date | | 0.04 Cons. EPS | - EPS |
Marine Shipping Industry | Industrials Sector | John M. Gellert CEO | XSTU Exchange | US78413P1012 ISIN |
US Country | 1,239 Employees | - Last Dividend | - Last Split | 2 Jun 2017 IPO Date |
SEACOR Marine Holdings Inc., established in 1989 and based in Houston, Texas, stands as a significant provider of marine and support transportation services, catering to offshore oil and natural gas, and windfarm facilities across the globe. The company specializes in a broad range of offshore support and specialty vessel operations. SEACOR Marine Holdings Inc.'s extensive fleet, which amounted to 58 support vessels by December 31, 2023, including 55 owned or leased-in and three managed for unaffiliated third parties, plays a crucial role in the offshore industry. The company's clientele encompasses a diverse spectrum, ranging from integrated national and international oil companies to independent oil and natural gas exploration and production entities, alongside oil field service, construction companies, offshore wind farm operators, and maintenance establishments.
SEACOR Marine Holdings Inc. has developed a robust suite of services designed to meet the varying needs of the offshore oil, natural gas, and renewable energy sectors: