Published on 10 May 2024 on GuruFocus.com via Yahoo Finance
Overseas Shipholding Group Inc Reports Notable First Quarter 2024 Financial Results
Net Income: $14.6M for Q1 2024, up from $12.1M in Q1 2023, an increase of 20.7% year-over-year.Earnings Per Share: Increased to $0.19 in Q1 2024 from $0.14 in Q1 2023, marking a 35.7% rise.Revenue: Reached $117.5M in Q1 2024, up 3.3% from $113.8M in Q1 2023.Adjusted EBITDA: Rose by 7.3% to $43.9M in Q1 2024 from $40.9M in Q1 2023.Time Charter Equivalent (TCE) Revenues: Increased by 5.7% to $110.1M in Q1 2024 from $104.1M in Q1 2023.Total Cash and Investments: Reported at $97.2M as of March 31, 2024.Dividend: Declared a cash dividend of $0.06 per share, paid on April 10, 2024.
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