SMHI
SEACOR Marine Holdings Inc.6.93
-0.30-4.15%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
186.95MP/E (TTM)
-Basic EPS (TTM)
-1.44Dividend Yield
0%Recent Filings
8-K
Sustainability Report Released
SEACOR Marine Holdings Inc. released its 2024-2025 Sustainability Report on November 13, 2025, underscoring commitments to environmental stewardship, employee well-being, and community engagement. The report spotlights fleet expansions in hybrid platform supply vessels, waste reduction campaigns, and safety enhancements like high-speed satellite internet rollout. Yet progress hinges on sustained investments. CEO John Gellert emphasized ongoing innovations to minimize environmental impact while bolstering resilience in offshore operations.
8-K
Q3 earnings swing to profit
SEACOR Marine reported Q3 2025 revenues of $59.2 million, down 14.1% from last year due to lower utilization in its premium liftboat fleet and soft North Sea conditions, yet swung to operating income of $18.1 million from a prior loss, boosted by a $30.5 million gain on selling two 335' class liftboats for $76.0 million. The company reactivated two fast supply vessels and secured multi-year PSV contracts in Brazil starting Q1 2026, trimming North Sea exposure. Sale proceeds strengthen liquidity for newbuilds. Soft markets persist.
10-Q
Q3 FY2025 results
SEACOR Marine swung to operating income of $18.1M in Q3 2025 ended September 30, up sharply from a $6.5M loss a year earlier, while nine-month operating income hit $18.9M versus a $21.0M loss (derived). Revenue dipped 14.1% y/y to $59.2M in the quarter on lower utilization across regions, yet $55.2M in asset sale gains—mainly from liftboat disposals—drove the turnaround, with direct vessel profit holding at $11.5M. Cash climbed to $91.0M from $59.5M at year-end, bolstered by $75.8M in investing inflows, though free cash flow stayed negative at -$64.6M (derived) amid $40.4M capex for two new PSVs. Debt edged down to $341.9M under the 2024 facility, with full covenant compliance. Fleet shrank to 45 owned vessels after sales, including an April 2025 repurchase of 1.4M shares and warrants for $12.9M cash. Offshore volatility poses ongoing risks to day rates.
8-K
Liftboat sale nets $76M
SEACOR Marine Holdings Inc. completed the sale of two U.S. flag liftboats, L/B Jill and L/B Robert, to JAD Construction Limited on September 29, 2025, for $76.0 million, plus $1.0 million for uninstalled equipment, netting $75.1 million after costs. This disposal boosts cash to $128.6 million pro forma as of June 30, 2025, while trimming revenues by $13.0 million and costs by $9.5 million for the half-year. Sale sharpens fleet focus. Pro forma net loss widens slightly to $22.7 million.
8-K
SEACOR Marine fleet renewal update
SEACOR Marine Holdings disclosed presentation slides for its CEO's talk at the Pareto Securities Energy Conference on September 10, 2025, highlighting a modern fleet of 47 OSVs averaging 10.4 years old and an asset rotation strategy that sold older vessels for $139.4M in proceeds since late 2024 while ordering two high-spec hybrid PSVs for $82.0M delivery in 2026-2027. This renewal targets offshore energy demand, with LTM Q2 2025 revenue at $255.0M and day rates up to $19,072 amid 67% utilization. Fleet youth sharpens edges. Supportive capex outlook tempers supply risks.
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