NYSE$SMHI

SEACOR Marine Holdings Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Announced third quarter 2021 results.

SEACOR Marine's consolidated operating revenues from continuing operations for the third quarter of 2021 were $43.7 million, operating loss was $14.3 million, and direct vessel profit was $10.2 million.

  • The Company’s laid-up fleet is down to 7 vessels compared to 20 in the third quarter of 2020.
  • The Company repositioned 4 vessels between regions for new contracts, including the reactivation of 2 vessels.
  • Increased utilization levels and moderate rate improvements were offset by higher out-of-service time and delays caused by Hurricane Ida in the U.S. Gulf of Mexico, as well as the early termination of a contract for one of our liftboats in Europe.
  • Positive contributions of $14.0 million from our 50% or less owned companies, primarily due to cash distributions from the sale of the Company’s Brazilian joint venture, UP Offshore, in the second quarter of 2021.

Headline financials

Total Revenue

$43.7M

Previous: $45.7M-4.5%
EPS (adj)

-$0.23

Previous: -$0.72+68.1%
Direct Vessel Profit

$10.2M

No prior period
Capital Expenditures

-$6.56M

Previous: -$24.9M+73.7%
Free Cash Flow

-$12.4M

Previous: -$43M+71.2%
Net Income

-$5.83M

Previous: -$18.1M+67.8%
Operating Income

-$14.3M

Previous: -$11.4M-25.7%
Gross Profit

$10.2M

Previous: $16.6M-38.3%
Cash & Equivalents

$42.2M

Previous: $45.2M-6.6%
Total Assets

$902M

Previous: $1.06B-14.7%
Stock-Based Comp

$1.29M

Previous: $3.79M-65.8%

Revenue & EPS history

SEACOR Marine · Revenue · Quarterly

$43.7M

Q3 2021-4.5%vs Q3 2020
Beat estimate in 6 of 15 quarters(40%)
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 Q3 2021

Historical avgQ3 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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