SEACOR Marine swings to FY26 Q2 profit of $3.29 million; revenue falls 10.2% to $54.6 million vs FY25 Q2
SMHI•Quarterly results improve to a profit
- SEACOR Marine posted net income of $3.3 million, or $0.13 a share, swinging from a net loss a year earlier.
- Operating income rose to $16 million as revenue fell 10.2% year over year to $54.6 million.
- Average day rates increased to $20,227; utilization held at 68%.
- Direct vessel profit dropped to $7.9 million; margin narrowed to 14.5% from 18.6%.
Asset sale completed and strategic review begins
- Completed sale of five vessels for net cash proceeds of $44.7 million.
- The board began evaluating strategic alternatives, including a sale or merger.
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