NYSE$SMHI
SEACOR Marine Holdings Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Announced third quarter 2020 results
SEACOR Marine reported consolidated operating revenues of $45.7 million, an operating loss of $11.4 million, and direct vessel profit of $16.6 million for Q3 2020. The results were impacted by multiple hurricanes in the U.S. Gulf of Mexico, the COVID-19 pandemic, and volatility in oil prices.
- Average dayrates, excluding those for the wind crew transfer vessel fleet, were $11,323 in the third quarter of 2020 compared to $10,946 in the third quarter of 2019.
- Administrative and general expenses in the third quarter were $10.2 million, including a one-time restructuring charge of $0.25 million as a result of SEACOR Marine’s cost reduction initiative.
- SEACOR Marine completed its Transformation Plan which resulted in the achievement of the previously announced target of $8.0 million in annual savings.
- Net loss attributable to SEACOR Marine was $18.1 million ($0.72 loss per basic and diluted share) and operating loss was $11.4 million.
Headline financials
Revenue & EPS history
SEACOR Marine · Revenue · Quarterly
$45.7M
Revenue by segment
SEACOR Marine · $45.7M total across 3 segments · Q3 2020
- Time Charter$43.6M—95.4%
- Other Marine Services$1.44M—3.1%
- Bareboat Charter$676K—1.5%
Forward guidance
SEACOR Marine expects volatility to continue for at least the remainder of this year and will continue to closely monitor the level of activity from its oil and gas customers and adjust its operations accordingly.
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 Q3 2020
-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
| Quarter | Report date | Reaction (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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