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Stock impact report

Overseas Shipholding Group Reports First Quarter 2019 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 provider of energy transportation services for crude oil and petroleum products in the U.S. Flag markets, today reported results for the first quarter 2019. Highlights Net income for the first quarter 2019 was $3.2 million, or $0.04 per diluted share, compared with net income of $3.7 million, or $0.04 per diluted share, for the first quarter 2018. The Company's 2019 first quarter net income of $3.2 million compares to a $5.2 million loss in the 2018 fourth quarter. Shipping revenues for the first quarter 2019 were $87.7 million, down 13.2% compared with the same period in 2018. Time charter equivalent (TCE) revenues(A), a non-GAAP measure, for the first quarter 2019 were $82.8 million, down 6.8% compared with the first quarter 2018. First quarter 2019 TC Show less Read more
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