DryShips Inc. Reports Financial and Operating Results for the First Quarter of 2019
DRYSHIPS (DRYS)
US:NASDAQ Investor Relations:
dryships.irwebpage.com/ir.html
Company Research
Source: GlobeNewswire
ATHENS, Greece, May 15, 2019 (GLOBE NEWSWIRE) -- DryShips Inc. (NASDAQ:DRYS) (“DryShips” or the “Company”), a diversified owner and operator of ocean going cargo vessels, today announced its unaudited financial and operating results for the quarter ended March 31, 2019. First Quarter 2019 Financial Highlights For the first quarter of 2019, the Company reported net income of $1.5 million, or 1.67 cents basic and diluted earnings per share.Included in the first quarter of 2019 results are:-- Vessel dry-docking costs of $0.7 million, or 0.78 cents per shareExcluding the above, the Company’s net results would have amounted to a net income of $2.2 million, or 2.45 cents per share.The Company reported Adjusted EBITDA of $13.1 million for the first quarter of 2019.(1) Other Developments Common Stock Repurchase Program As of May 15, 2019, the Company has not repurchased any additional shares of its common stock since its last update. Under the previously announced new stock repurchase
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