Brief: SEACOR Marine Says Q4 Loss Per Share $0.74 From Continuing Operations

SEACOR Marine Holdings

04/03/2020 11:12

March 4 (Reuters) - SEACOR Marine Holdings Inc  SMHI.N :
    * SEACOR MARINE ANNOUNCES FOURTH QUARTER 2019 RESULTS
    * Q4 LOSS PER SHARE $0.74 FROM CONTINUING OPERATIONS
    * Q4 LOSS PER SHARE $0.74
    * CONTINUE TO CLOSELY MONITOR IMPACT OF COVID-19 ON MARKET
    * QTRLY OPERATING REVENUE $49.1 MILLION VERSUS $58.9 MILLION
    * QTRLY AVERAGE DAYRATES, EXCLUDING THOSE FOR CTV FLEET,
INCREASED
TO $11,071 FROM $10,946 IN Q3
    * SEACOR MARINE HOLDINGS - Q4 RESULTS INCLUDE ONE-TIME
RESTRUCTURING CHARGES OF $0.4 MILLION RESULTING FROM CO'S
CONTINUING COST REDUCTION INITIATIVES
    * DURING Q4, IMPLEMENTED INITIATIVES PROVIDING $2.9 MILLION
IN
ANNUALIZED RECURRING ADMINISTRATIVE AND GENERAL SAVINGS
    * SEACOR MARINE HOLDINGS - ANTICIPATES Q4 INITIATIVES WILL
IMPACT
ALL REPORTABLE SEGMENTS & EXPECTS BULK OF INITIATIVES TO BE
COMPLETED BY Q2 2020

Source text for Eikon:  ID:nGNX30756R 
Further company coverage:  SMHI.N 

 ((Reuters.Briefs@thomsonreuters.com;))