Financials News

U.S. shipbuilding group Conrad Industries, Inc. announced its second quarter and six months ended June 30, 2024 financial results and backlog at June 30, 2024.For the quarter ended June 30, 2024, Conrad had net income of $2.2 million and earnings per diluted share of $0.44 compared to net loss of $5.9 million and loss per diluted share of $1.18 during the second quarter of 2023. The company had net income of $3.7 million and earnings per diluted share of $0.75 for the six months ended June 30…

Cadeler A/S published its interim financial report for the first half of 2023 presenting a positive result exceeding the guidance projected for the fiscal year 2023. Revenue in the first six months of 2023 was EUR 68 million, which is an increase of 57% against the same period last year. Adjusted EBITDA for the first half of 2023 was EUR 44 million, which is a EUR 21 million increase compared to the same period last year. EBITDA for H1 2023 was EUR 42 million. Profit for the period is EUR 29 million, which is EUR 19 million higher than the same period in 2022.

Pain in the containershipping sector is not uncommon in 2023, and Israel's ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) is no exception, today reporting 2Q and six month results:Net loss for the second quarter was $213 million, negatively impacted by a non-cash after tax item of $51 million related to the redelivery of certain vessels.Operating loss (EBIT) for the second quarter was $168 million, compared to operating income of $1,764 million in the second quarter of 2022Revenues for the second quarter were $1…

SAAM, a provider of port, towage and logistics services in 14 countries in the Americas, reported net income of $55.5 million for the nine months ended September 2021, up 40% from the January-September period in 2020. EBITDA reached $202.3 million and sales totaled $548.9 million, marking rises of 28% and 29%, respectively (all consolidated figures).Figures for the quarter were also positive: Net income was $18.8 million (+162% with respect to 3Q2020), Sales totaled $192.6 million…