Seacor Marine: Best Quarter In Recent Years Increases Odds Of A Strategic Transaction - Buy
Seacor Marine reported substantially improved third-quarter results, with fleet utilization, average dayrate and direct vessel profit margin reaching new multi-year highs. Operating cash flow and free cash flow remained negative, and the quarter was affected by persistent disruptions in the Middle East.
Why it matters — The improved operating metrics are notable to SMHI watchers, while negative operating and free cash flow remain important caveats.