International Seaways Reports First Quarter 2024 Results [Yahoo! Finance]
International Seaways, Inc. (INSW)
Last international seaways, inc. earnings: 3/3 06:00 am
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US:NASDAQ Investor Relations:
intlseas.com/corporateprofile
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Source: Yahoo! Finance
companies worldwide providing energy transportation services for crude oil and petroleum products, today reported results for the first quarter 2024. HIGHLIGHTS & RECENT DEVELOPMENTS Strong Quarterly Earnings: Net income for the first quarter of 2024 was $144.5 million, or $2.92 per diluted share. Adjusted EBITDA for the first quarter of 2024 was $191.5 million. Balance Sheet Enhancements: Total liquidity was approximately $626 million as of March 31, 2024, including total cash of $215 million and $411 million of undrawn revolving credit capacity. Net loan-to-value was further reduced to 14% as of March 31, 2024. In April 2024, the Company further consolidated its senior secured debt facilities into a $500 million revolving credit facility, resulting, among other things, in a reduction to cash break even costs by $3,000 per day. At the time of closing, $95 million was drawn on the new revolver, increasing undrawn revolving credit capacity to $559 million. Returns to
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INSW
Earnings
- 5/8/24 - Beat
INSW
Sec Filings
- 5/17/24 - Form 4
- 5/15/24 - Form 424B7
- 5/15/24 - Form 8-K
- INSW's page on the SEC website