NYSE$SMHI

SEACOR Marine Holdings Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Announced first quarter 2022 results.

SEACOR Marine's consolidated operating revenues for Q1 2022 were $45.6 million, with an operating loss of $17.1 million, and direct vessel profit of $6.1 million. The company experienced a 25% improvement in revenues compared to Q1 2021, but also faced increased drydocking and major repairs expenses.

  • Average utilization rates of 70%, the highest for the seasonally low first quarter since 2014.
  • 25% improvement in revenues compared to the first quarter of 2021.
  • Net loss from continuing operations was $14.8 million ($0.56 loss per basic and diluted share).
  • Increases in drydocking and major repairs of 60% from the fourth quarter of 2021.

Headline financials

Total Revenue

$45.6M

Previous: $36.5M+24.9%
EPS (adj)

-$0.56

Previous: -$0.67+16.4%
Capital Expenditures

-$20K

Previous: -$2.72M+99.3%
Free Cash Flow

-$14.9M

Previous: $3.29M-552.0%
Net Income

-$14.8M

Previous: $6.01M-346.8%
Operating Income

-$17.1M

Previous: -$16.6M-3.4%
Gross Profit

$6.1M

Previous: $10.2M-40.3%
Cash & Equivalents

$36.3M

Previous: $68.4M-46.9%
Total Assets

$903M

Previous: $974M-7.3%
Stock-Based Comp

$1.07M

Previous: $849K+26.5%

Revenue & EPS history

SEACOR Marine · Revenue · Quarterly

$45.6M

Q1 2022+24.9%vs Q1 2021
Beat estimate in 7 of 15 quarters(47%)
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

Forward guidance

Demand for our services remains strong and we expect that our strategy will generate positive operating cash flows as the year progresses.

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 2022

Historical avgQ1 2022

-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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