Navios Maritime Holdings Inc. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2018
Navios Maritime Holdings Inc. (NM)
Last navios maritime holdings inc. earnings: 5/28 07:30 am
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US:NYSE Investor Relations:
navios.com/events/default.asp
Company Research
Source: GlobeNewswire
Revenue $390.4 million for 9M 2018$141.5 million for Q3 2018 Cash from operating activities $39.6 million for 9M 2018$10.1 million for Q3 2018 Adjusted EBITDA $134.1 million for 9M 2018$62.8 million for Q3 2018 Fleet renewal (2017-2018YTD) 17% decrease in average age8% increase in capacity MONACO, Nov. 20, 2018 (GLOBE NEWSWIRE) -- Navios Maritime Holdings Inc. ("Navios Holdings" or "the Company") (NYSE: NM), a global, vertically integrated seaborne shipping and logistics company, today reported financial results for the third quarter and nine months ended September 30, 2018. Angeliki Frangou, Chairman and Chief Executive Officer, stated, “I am pleased with the results of the third quarter of 2018, for which we reported revenue of $141.5 million and Adjusted EBITDA of $62.8 million. We continue to see the positive effects of healthier charter markets on our business. Rates for dry bulk vessels improved materially, with the TCE rate of our fleet for the third quarter of 2018
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