NYSE$SMHI

SEACOR Marine Holdings Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Announced fourth quarter 2019 results, excluding the standby safety operations which are classified as discontinued operations.

SEACOR Marine reported Q4 2019 results, with total operating revenues of $49.1 million and an operating loss of $10.5 million. The company completed the sale of the North Sea Standby Safety business and eight additional vessels, generating significant cash proceeds. Cost reduction initiatives resulted in $2.9 million in annualized recurring administrative and general savings.

  • Average dayrates, excluding those for the CTV fleet, increased to $11,071 from $10,946 in the third quarter of 2019.
  • Net cash provided by operating activities increased to $9.7 million from $0.9 million in the third quarter of 2019.
  • The sale of the North Sea Standby Safety business was completed on December 2, 2019, generating net proceeds of $27.4 million.
  • The sale of eight additional vessels was completed during the fourth quarter for total aggregate net proceeds of $38.9 million, of which $32.6 million was cash.

Headline financials

Total Revenue

$49.1M

Previous: $70.9M-30.8%
EPS (adj)

-$0.74

Previous: -$0.35-111.4%
Average Day Rates

$11.1K

No prior period
Fleet Utilization

62.0%

No prior period
Capital Expenditures

$5.89M

Previous: $14.2M-58.6%
Net Income

-$20.5M

Previous: -$7.79M-162.4%
Operating Income

-$10.5M

Previous: -$11.3M+6.7%
Gross Profit

$23.1M

Previous: $28.8M-19.7%
Cash & Equivalents

$81.4M

Previous: $91.6M-11.2%
Total Assets

$1.01B

Previous: $1.1B-8.5%
Stock-Based Comp

$5.36M

No prior period

Revenue & EPS history

SEACOR Marine · Revenue · Quarterly

$49.1M

Q4 2019-30.8%vs Q4 2018
Beat estimate in 6 of 11 quarters(55%)
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

SEACOR Marine continues to closely monitor the impact of COVID-19 on the market, accelerating pandemic-related training drills and ensuring active communication to respond to challenges.

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 Q4 2019

Historical avgQ4 2019

-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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