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Eagle Bulk Shipping Inc. Benefits From Positive Dry Bulk Fundamentals | Hellenic Shipping News Worldwide

Eagle Bulk Shipping Inc. Benefits From Positive Dry Bulk Fundamentals | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

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Eagle Bulk Shipping (EGLE) Q1 2021 Earnings Call Transcript

Operator
Greetings, and welcome to the Eagle Bulk Shipping first-quarter 2021 results conference call.[Operator Instructions] I would now like to turn the call over to Gary Vogel, chief executive officer; and Frank De Costanzo, the chief financial officer of Eagle Bulk Shipping. Mr. Vogel, you may begin.
Gary Vogel
Chief Executive Officer
Thank you, and good morning. I d like to welcome everyone to Eagle Bulk s first-quarter 2021 earnings call. To supplement our remarks today, I would encourage participants to access a slide presentation that is available on our website at eagleships.com. Please note that part of our discussion today will include forward-looking statements. ....

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Eagle Bulk Shipping Inc. Reports First Quarter Net Income of $9.8 Million | Hellenic Shipping News Worldwide

Eagle Bulk Shipping Inc. Reports First Quarter Net Income of $9.8 Million
Eagle Bulk Shipping Inc., one of the world’s largest owner-operators within the Supramax / Ultramax drybulk segment, today reported financial results for the three months ended March 31, 2021.
Highlights for the Quarter:
o TCE Revenue (1) for the quarter equated to $60.3 million
o Achieved TCE (1) of $15,124/day for the quarter, an increase of 50% year-on-year
• Realized a net income of $9.8 million, or $0.84 per basic and diluted share
• Adjusted EBITDA(1) of $31.5 million
• Closed on a secured short term revolving credit facility for $35.0 million
• Took delivery of three modern scrubber-fitted SDARI-64 Ultramax bulkcarriers
Subsequent Events: ....

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Eagle Bulk Shipping Inc. Reports Fourth Quarter 2020 Results

Eagle Bulk Shipping Inc. Reports Fourth Quarter 2020 Results
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