NYSE$SMHI

SEACOR Marine Holdings Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Announced first quarter 2021 results.

SEACOR Marine reported consolidated operating revenues of $36.5 million, an operating loss of $16.6 million, and net income attributable to SEACOR Marine was $6.0 million, primarily due to a gain on the sale of Windcat.

  • Operating results reflect continued improvement in market conditions across all international regions.
  • Reduced operating loss by 30.3% compared to the first quarter of 2020 primarily driven by a reduction in impairments and lower lease expenses.
  • Significantly improved liquidity position with $42.2 million of cash proceeds from the Windcat sale net of $1.6 million in transaction costs and other costs, and receipt of $12.5 million in unrestricted cash from tax refund claims under the CARES Act during the quarter.
  • Since the beginning of 2021, SEACOR Marine has generated $74.5 million in cash and reduced debt by £20.4 million (equivalent to approximately $28.1 million).

Headline financials

Total Revenue

$36.5M

Previous: $41.7M-12.5%
EPS (adj)

-$0.67

Previous: -$0.66-1.5%
Fleet Available Days

5.5K

No prior period
Capital Expenditures

-$2.72M

Previous: -$11.2M+75.8%
Free Cash Flow

$3.29M

Previous: -$27.2M+112.1%
Net Income

$6.01M

Previous: -$15.9M+137.7%
Operating Income

-$16.6M

Previous: -$24.6M+32.8%
Gross Profit

$10.2M

Previous: $17.1M-40.4%
Cash & Equivalents

$68.4M

Previous: $69.2M-1.2%
Total Assets

$974M

Previous: $967M+0.8%
Stock-Based Comp

$849K

No prior period

Revenue & EPS history

SEACOR Marine · Revenue · Quarterly

$36.5M

Q1 2021-12.5%vs Q1 2020
Beat estimate in 6 of 14 quarters(43%)
ActualEstimate

Revenue by segment

SEACOR Marine · $54M total across 3 segments · Q2 2022

  • Time Charter
    $49.5M
  • Other Marine Services
    $4.47M
  • Bareboat Charter
    $48K

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-1.5%

Avg return

Earnings day

-2.9%

Avg return

5 days after

+2.3%

Avg return

30 days after

41%

16 / 39 earnings

Positive

+15.9%

Q4 2023

Best reaction

-18.7%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.5%-0.7%-0.1%
Q4 2025-8.0%-6.4%-7.3%
Q3 2025+3.3%+14.0%+17.5%
Q1 2025-0.2%+4.8%+12.9%
Q4 2024+4.4%-7.9%-9.5%
Q3 2024-18.7%-20.2%-17.8%
Q2 2024-9.5%-21.1%-15.4%
Q1 2024+2.5%-4.2%+7.7%
Q4 2023+15.9%+14.9%+33.4%
Q3 2023-1.7%-1.9%-10.3%
Q2 2023-3.6%+1.4%+8.3%
Q1 2023+4.5%+7.4%+16.2%
Q4 2022-6.6%-7.7%-29.8%
Q3 2022-4.1%-5.0%+15.4%
Q2 2022-2.9%-0.6%+2.4%
Q1 2022-1.0%-4.1%+15.0%
Q4 2021+0.3%-13.1%+34.1%
Q3 2021+6.3%+6.3%-15.8%
Q2 2021+5.6%+3.3%+10.3%
Q1 2021-3.9%-10.5%+10.8%
Q4 2020+4.2%-2.4%-8.0%
Q3 2020+7.1%+2.9%+26.5%
Q2 2020-2.3%+8.2%-2.3%
Q1 2020-13.3%-22.4%+63.1%
Q4 2019-1.1%-19.6%-44.1%
Q3 2019+0.3%-8.0%-10.3%
Q2 2019+2.6%-1.6%+8.2%
Q1 2019-5.7%+0.1%+1.8%
Q4 2018-10.4%-4.1%+2.7%
Q3 2018+1.9%+1.9%-12.0%
Q2 2018-3.2%-0.8%-6.9%
Q1 2018-5.4%-8.3%-8.8%
Q4 2015-3.3%-2.4%+19.6%
Q4 2017-3.3%-2.4%+19.6%
Q3 2017-5.8%-7.3%-12.8%
Q2 2017-7.5%-13.5%-14.2%
Q1 2016+2.1%+6.1%-2.8%
Q1 2017+2.1%+6.1%-2.8%
Q4 2016+2.1%+6.1%-2.8%

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