NYSE$SMHI

SEACOR Marine Holdings Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Announced fourth quarter 2021 results, showing increased utilization and improved DVP compared to the previous year.

SEACOR Marine's Q4 2021 results showed improvement with increased utilization across all regions and asset classes, reaching 73%, the highest since Q3 2014. The company's consolidated operating revenues were $48.0 million, with an operating loss of $14.7 million and a direct vessel profit of $12.9 million. Net loss attributable to SEACOR Marine was $15.8 million ($0.62 loss per basic and diluted share).

  • Increased utilization across all regions and asset classes, with average utilization rates of 73%, the highest since the third quarter of 2014.
  • The Company was down to five laid-up vessels at the end of 2021.
  • 27% and 24% improvement in consolidated DVP compared to the third quarter of 2021 and the fourth quarter of 2020, respectively.
  • Business continued to improve during the fourth quarter with healthy levels of contracted activity and tendering activity

Headline financials

Total Revenue

$48M

Previous: $36M+33.1%
EPS (adj)

-$0.62

Previous: -$1.54+59.7%
Capital Expenditures

$443K

Previous: -$4.13M+110.7%
Net Income

-$15.8M

Previous: -$38.8M+59.2%
Operating Income

-$14.7M

Previous: -$16.9M+13.3%
Gross Profit

$12.9M

Previous: -$965K+1440.0%
Cash & Equivalents

$37.6M

Previous: $32.7M+15.2%
Total Assets

$913M

Previous: $1.02B-10.3%
Stock-Based Comp

$1.24M

Previous: $859K+44.7%

Revenue & EPS history

SEACOR Marine · Revenue · Quarterly

$48M

Q4 2021+33.1%vs Q4 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

Forward guidance

Company's focus during recent months has been to prepare and position the fleet to participate fully in the market up-cycle.

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 2021

Historical avgQ4 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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