Overseas Shipholding Group Reports Fourth Quarter and Full Year 2023 Results
Overseas Shipholding Group, Inc. Class A (OSG)
US:NYSE Investor Relations:
osg.com/investor-relations
Company Research
Source: Business Wire
TAMPA, Fla.--(BUSINESS WIRE)--Overseas Shipholding Group, Inc. (NYSE: OSG) (the “Company” or “OSG”), a leading provider of liquid bulk transportation services in the energy industry for crude oil and petroleum products in the U.S. Flag markets, today reported results for the fourth quarter and full year 2023.2023 net income was $62.5 million, or $0.77 per diluted share, compared to net income of $26.6 million, or $0.29 per diluted share, in 2022. Net income for the fourth quarter of 2023 was $20.4 million, or $0.26 per diluted share, compared to net income of $10.1 million, or $0.11 per diluted share, for the fourth quarter of 2022.Full year Adjusted EBITDA(A), a non-GAAP measure, for 2023 was $175.7 million, an increase of $32.9 million, or 23.1%, from 2022. Fourth quarter 2023 Adjusted EBITDA was $47.3 million, an increase of $3.6 million, or 8.4%, from the fourth quarter of 2022.Shipping revenues for 2023 were $451.9 million, a decrease of $14.9 million, or 3.2%, compared to 20
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OSG
Analyst Actions
- 2/15/24 - TheStreet
OSG
Sec Filings
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form DEF
- 4/16/24 - Form 4
- OSG's page on the SEC website