Seacor Marine Announces Fourth Quarter 2018 Results
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SEACOR Marine (SMHI) Tops Q4 EPS by 51c, Revenues Beat
March 6, 2019 6:37 AM ESTSEACOR Marine (NYSE: SMHI) reported Q4 EPS of ($0.35), $0.51 better than the analyst estimate of ($0.86). Revenue for the quarter came in at $70.93 million versus the consensus estimate of $68 million.
Total operating revenues increased 43.8% as compared with the fourth quarter of 2017, in what is historically a seasonally slow quarter.Cash flows from operating activities increased to $11.9 million from $5.6 million in the prior quarter.Operating loss decreased by $24.6 million to $11.2 million from $35.8 million in the fourth quarter of 2017, representing a 68.8% year over year improvement.Consolidated direct vessel profit ("DVP")(1) increased 32.8% to $28.8 million... More