DryShips Inc. Reports Financial and Operating Results for the First Quarter of 2018
DRYSHIPS (DRYS)
US:NASDAQ Investor Relations:
dryships.irwebpage.com/ir.html
Company Research
Source: GlobeNewswire
ATHENS, Greece, May 08, 2018 (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, 2018. First Quarter 2018 Financial Highlights For the first quarter of 2018, the Company reported a net income of $0.8 million, or $0.01 basic and diluted earnings per share. The Company reported Adjusted EBITDA of $12.9 million for the first quarter of 2018. (1) (1) Adjusted EBITDA is a non-GAAP measure; please see later in this press release for reconciliation to net income/ (loss). Updated Key Information as of May 7, 2018 Cash and cash equivalents: approximately $107.1 million (or $1.06 per share) Book value of vessels: approximately $817.3 million (or $8.06 per share) Debt outstanding balance: approximately $296.8 million (or $2.93 per share) Number of Shares Outstanding:
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