SEACOR Marine (SMHI) Misses Q1 EPS by 51c, Revenues Miss
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SEACOR Marine Announces First Quarter 2019 Results
May 10, 2019 6:30 AM EDTHOUSTON--(BUSINESS WIRE)-- SEACOR Marine Holdings Inc. (NYSE: SMHI) (the Company or SEACOR Marine), a leading provider of marine and support transportation services to offshore oil and natural gas and wind farm facilities worldwide, today announced results for its first quarter ended March 31, 2019.
First quarter highlights include:
Total operating revenues increased 8.8% as compared with the first quarter of 2018, due to increases of 5.3% in average day rates and 8.0% in utilization. The improved utilization reflected an increase of 5.0% in on hire days notwithstanding a decrease of 8.5% in the number of available days,... More