Greece's SafeBulkers Inc. reports decrease in profits in its third quarter 2013 financial results but increases company dividend to reflect an improved charter market. Summary of Third Quarter 2013 Results Net revenue for the third quarter of 2013 decreased by 10% to $41.9 million from $46.8 million during the same period in 2012. Net income for the third quarter of 2013 decreased by 44% to $11.6 million from $20.7 million, during the same period in 2012. Adjusted net income1 for the third quarter of 2013 decreased by 43% to $13.1 million from $22.8 million, during the same period in 2012. EBITDA2 for the third quarter of 2013 decreased by 25% to $23.4 million from $31.4 million during the same period in 2012. Adjusted EBITDA1 for the third quarter of 2013 decreased by 26% to $24.8 million from $33.4 million during the same period in 2012. Earnings per share (“EPS”) and Adjusted EPS1 for the third quarter of 2013 were $0.14 and $0.16 respectively, calculated on a weighted average number of shares of 76,684,316, compared to $0.27 and $0.30 in the third quarter 2012, calculated on a weighted average number of shares of 76,658,865. The Board of Directors of the Company declared a dividend of $0.06 per share of common stock for the third quarter of 2013. Management Commentary
Carnival Corporation & plc reported net income of $734.3 million ($0.90 Diluted EPS) on revenues of $2.52 billion for its third quarter ended August 31, 2003, compared to net income of $500.8 million ($0.85 Diluted EPS) on revenues of $1.44 billion for the same quarter in 2002. Net income for the nine months ended August 31, 2003 was $988.9 million ($1.42 Diluted EPS) on revenues of $4.90 billion, compared to net income of $824.6 million ($1.40 Diluted EPS) on revenues of $3
General Dynamics reported third-quarter 2013 net earnings of $651 million, or $1.84 per share on a diluted basis, on revenues of $7.8 billion. This compares to 2012 third-quarter net earnings of $600 million, or $1.70 per diluted share, on revenues of $7.9 billion. Third-quarter 2013 operating earnings rose $52 million to $957 million, a 5.7% increase over the year-ago quarter. Margins Company-wide operating margins for the third quarter of 2013 were 12
Stolt-Nielsen S.A. (Nasdaq: SNSA; Oslo Stock Exchange: SNI) reported results for the third quarter and the nine-month period ended August 31, 2001. Net income for the latest quarter was $29.7 million, or $0.54 per share, on net operating revenue of $735.4 million, compared with a net loss of $0.3 million, or $0.01 per share, on net operating revenue of $607.8 million for the third quarter in 2000. The weighted basic average number of shares outstanding for the third quarter of 2001 was 54
Hercules Offshore Inc. a provider of shallow-water drilling and lift boat services to the oil and natural gas exploration and production industry, announced financial results for its third quarter, reporting increased profit from higher revenues. The Houston, Texas-based company reported third net income of $29.7 million or $0.90 per share, compared to $10.1 million or $0.41 per share in the third quarter of 2005.
Transocean Ltd. (NYSE:RIG) reported net income attributable to controlling interest for the three months ended September 30, 2009 of $710 million, or $2.19 per diluted share, compared to net income attributable to controlling interest of $1.063 billion, or $3.30 per diluted share for the three months ended September 30, 2008. Revenues for the third quarter of 2009 were $2.823 billion compared to $3.192 billion for the third quarter 2008.
Mitcham Industries, Inc. (NASDAQ:MIND) announced financial results for its fiscal 2009 third quarter ended October 31, 2008. Highlights include: Core leasing revenues increased 19 percent to $10m for the third quarter of fiscal 2009 from $8.4m for the third quarter of fiscal 2008. Net income for the third quarter increased to $2.7m, or $0.27 per diluted share, from $2.4m, or $0.24 per diluted share, in the third quarter of fiscal 2008.
Tsakos Energy Navigation Ltd. will report earnings for the third quarter of 2003 before the market open on Friday, November 7, 2003. That same day, at 10:00 A.M. Eastern Time, TEN will host a conference call to review third quarter results as well as management's outlook for the business.
CGGVeritas provides its seismic survey vessel utilization & fleet allocation updates for the third quarter 2012. CGGVeritas is a leading international pure-play geophysical company delivering a wide range of technologies, services and equipment through Sercel, to its broad base of customers mainly throughout the global oil and gas industry. Vessel utilization for the third quarter 2012: • The vessel availability rate1 was 93%
Conrad Industries, Inc. reported a net loss of $1.2 million and loss per diluted share of $0.16 for the three months ended September 30, 2004 compared to a net loss of $827,000 and loss per diluted share of $0.11 for the third quarter of 2003. The loss for the nine months ended September 30, 2004 was comparable to the loss for the first nine months of 2003 of $1.9 million (loss per diluted share of $0.26.) Revenues for the three months ended September 30, 2004 were $8
Caterpillar Inc. today announced its third-quarter results, in which it reported profit per share of $1.63 for the third quarter of 2014, an increase from third-quarter 2013 profit per share of $1.45. The third quarter of 2014 included a negative impact of $0.09 per share for restructuring costs
Wärtsilä announced its third quarter results, reporting that it sees good development in order intake and profitability. According to Wärtsilä, third quarter highlights include Order intake increased 21% to €1,309 million (1,086)
Yara International ASA delivered strong third-quarter results, with record fertilizer deliveries and continued margin benefit from lower European gas price. "Yara reports a strong third-quarter result with record deliveries, reflecting both organic growth and the Bunge acquisition in
Pentair plc today announced third quarter 2014 sales of $1.8 billion. Sales were up 3 percent compared to sales for the same period last year. Third quarter 2014 earnings per diluted share from continuing operations ("EPS") were $1.00, up 22 percent from adjusted EPS of $0
Nordic American Offshore Ltd. today announced that its board of directors has declared a dividend of $0.45 per common share for the third quarter 2014. This is the same as for the second quarter 2014. The payment of dividend is expected to take place on or about November 21
Gaztransport & Technigaz (GTT), a designer of membrane containment systems for the maritime transportation and storage of liquefied natural gas (LNG) confirmed an order for two large LNGCs Liquefied Natural Gas Carriers (LNGCs), which are in the third quarter 2014 order book
Crude price drop and dollar strength benefit TEN’s bottom line materially; third quarter financial results to be announced on November 21, 2014 Crude, product and LNG tanker operator Tsakos Energy Navigation Ltd. (TEN) said today it believes that the recent decline in TEN’s stock is
Italian shipmaker Fincantieri said its Singapore-listed subsidiary Vard expects marginally negative earnings before interest, tax, depreciation and amortisation (EBITDA) in the third quarter. Vard, which makes offshore vessels for the oil and gas industry
Gaztransport & Technigaz (GTT), a designer of membrane containment systems for the maritime transportation and storage of liquefied natural gas (LNG), received an order for two Liquefied Natural Gas Carriers (LNGCs) to be built by the Korean shipbuilder Daewoo Shipbuilding & Marine
Pentair plc announced that it will pay a regular quarterly cash dividend of $0.30 per share on November 7, 2014 to shareholders of record at the close of business on October 24, 2014. Pentair had previously announced on May 20, 2014 the approval by its shareholders of an ordinary cash
Electromagnetic Geoservices ASA (EMGS) releases information on vessel activity and utilisation 4-5 working days after the close of each quarter. The Company defines "vessel utilisation" as the percentage of the vessel charter period spent on contracted or multi-client data
MacGregor, part of Cargotec, says it has won a series of deck equipment orders from Chinese shipbuilder Xiamen Shipbuilding Industry Co Ltd. The winches and deck machinery packages will be fitted to six vessels under construction at the yard.
Rederi AB TransAtlantic subsidiary Viking Supply Ships says it has sold the 1985 built platform supply vessel SBS Cirrus. The vessel has been delivered to its new owners, and the sale of the vessel will have a positive impact of NOK 0.8 million on the third quarter results.
The Board of Directors of CMA CGM Group, the world’s third largest container shipping company, met under the chairmanship of Jacques R. Saadé, Chairman and Chief Executive Officer, to review the financial statements for the second quarter of 2014.
The owner of the 157,258 dwt containership Cap Isabella (built 2013), a vessel which Euronav had on bareboat charter, decided to sell the vessel to an unrelated third party. As announced by Euronav in March 2013, the company is entitled to a share of the profit should the selling price exceed a