SMHI Stock Recent News

The leading offshore support services provider reported decent first quarter results with revenues, average day rates, direct vessel profit, and EBITDA reaching new multi-year highs. With average day rates fleet utilization anticipated to improve further, the company should start to generate meaningful free cash flow over the coming quarters. A debt refinancing at improved terms could provide a near-term catalyst for the stock.

Initiating coverage of leading offshore support services provider SEACOR Marine Holdings ("SEACOR"). Discussing recent debt and liquidity management actions. Company managed to extend its runway by three years without diluting common shareholders.