Euroseas

Euroseas Ltd. is a holding company, which engages in the provision of ocean-going transportation services. It operates containerships that transport dry and refrigerated containerized cargoes, mainly including manufactured products, and perishables. The company also owns drybulk carriers that transport major bulks such as iron ore, coal and grains, and minor bulks such as bauxite, phosphate and fertilizers. Euroseas was founded on May 5, 2005 and is headquartered in Athens, Greece.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Euroseas reports strong Q4 earnings amidst market challenges and opportunities

Euroseas delivered a robust performance in Q4 2022, driven by strong financial results and strategic initiatives like fleet expansion and asset optimization.
While facing challenges from market dynamics and global uncertainties, the company's proactive approach to debt management and focus on shareholder value creation position it for long-term success.
By navigating market challenges, capitalizing on growth opportunities, and maintaining financial discipline, Euroseas aims to sustain its competitive position and drive value for stakeholders.

Euroseas reports robust Q1 earnings amidst market opportunities and challenges

Euroseas delivered a strong Q1 2023 performance with solid financial results and shareholder returns, reflecting operational excellence and market positioning.
While facing challenges such as operational complexities and legal issues, the company has opportunities to drive growth through strategic initiatives and market trends.
Investors should monitor Euroseas' ability to navigate challenges, capitalize on opportunities, and sustain its financial performance and shareholder value in the dynamic shipping industry.

Euroseas reports strong Q2 earnings, plans fleet expansion and acquisitions

Euroseas delivered robust financial results, declared dividends, and expanded its fleet, showcasing operational strength and strategic growth.
While facing challenges such as debt assumption and arbitration losses, the company's focus on sustainability and shareholder value creation remains strong.
Opportunities lie in building cash reserves, share repurchases, and fleet expansion, positioning Euroseas for future growth and market leadership.
Overall, Euroseas' performance reflects resilience in a dynamic market environment, with a strategic focus on sustainable growth and shareholder returns.

Euroseas reports robust Q3 earnings amidst market challenges and opportunities

Euroseas delivered strong financial performance in Q3 2023, supported by substantial dividends and operational expansions, despite challenges in charter rates and global economic uncertainties.
With a focus on maintaining financial resilience, efficient operations, and shareholder value, Euroseas navigates market headwinds while exploring opportunities for revenue growth and capital appreciation.
The company's strategic approach to balancing dividends, buybacks, and fleet expansion positions it to weather industry challenges and leverage potential opportunities for future growth.

Euroseas (ESEA) posts robust Q4 earnings, eyes growth amid market disruptions

Euroseas (ESEA) reported strong financials, dividend increase, and operational updates in Q4 2023. Despite market challenges, the company's fleet expansion and charter coverage provide a solid foundation for growth. Strategic investments and market insights position Euroseas well for future opportunities.

Euroseas reports strong Q1 earnings, eyes growth amid market trends

Euroseas delivered a strong financial performance in Q1 2024, supported by operational efficiency and robust fleet utilization rates.
While facing challenges from market uncertainties and debt management, the company's strategic strengths lie in dividend consistency, fleet optimization, and growth opportunities.
By leveraging market trends, optimizing its fleet, and maintaining financial discipline, Euroseas is poised to capitalize on opportunities for revenue growth and shareholder value appreciation.

Euroseas excels in Q2 2024 earnings, poised for strategic growth

Euroseas delivered a robust financial performance in Q2 2024, supported by strong revenues, net income, and dividend yield, reflecting a well-managed operation.
The company's fleet profile, forward charter coverage, and capital allocation strategy position it well for growth and value creation in a positive market environment.
While facing challenges such as debt management and market dynamics, Euroseas can capitalize on opportunities through strategic investments and adaptation to industry trends.

Euroseas reports robust Q3 earnings, poised for industry growth

Euroseas delivered a strong performance in Q3 2024, supported by solid financial results, dividend declaration, and strategic fleet management.
While facing debt obligations and fleet age challenges, the company is well-positioned to leverage market opportunities, capitalize on industry recovery, and drive future growth.
Investors may find value in Euroseas stock given the favorable industry outlook, potential for stock price appreciation, and the company's focus on operational efficiency and expansion.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

ATHENS, Greece, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today its results for the three- and six-month periods ended June 30, 2023.

Euroseas Ltd. Reports Results for the Six-Month Period and Quarter Ended June 30, 2023

ATHENS, Greece, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today that it will release its financial results for the second quarter ended June 30, 2023 on Wednesday, August 9, 2023 before market opens in New York.

Euroseas Ltd. Sets Date for the Release of Second Quarter 2023 Results, Conference Call and Webcast

ATHENS, Greece, July 25, 2023 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced today a mutual agreement to terminate the current charters for its container vessels M/V Rena P and M/V Emmanuel P, while concurrently fixing the vessels on new charters for $21,000 per vessel per day.

Euroseas Ltd. Announces new charters for its two 4,250 teu containerships, 2007-built Rena P and 2005-built Emmanuel P at $21,000 per vessel per day following a mutually agreed termination of the existing charters

Euroseas Ltd. (ESEA) was a big mover last session on higher-than-average trading volume.

Strength Seen in Euroseas Ltd. (ESEA): Can Its 6.3% Jump Turn into More Strength?

ATHENS, Greece, July 06, 2023 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ:ESEA), an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced today that on July 6, 2023, it has taken delivery of its M/V Terataki, an Eco EEDI Phase 3, 2,800 teu feeder containership newbuilding from Hyundai Mipo Dockyard Co. in South Korea. The vessel is equipped with a Tier III engine and other sustainability linked features including installation of AMP (alternative maritime power). The acquisition was financed with a combination of own funds and a sustainability-linked loan provided by National Bank of Greece S.A. Following its delivery, M/V Terataki commenced a thirty-six to forty months charter with Asyad Lines.

Euroseas Ltd. Announces Delivery of M/V Terataki, an Eco 2,800 teu Feeder Containership Newbuilding, and Commencement of the Vessel's Charter

Euroseas' earnings are set to remain very strong in fiscal 2023, with newbuilds landing robust rates despite spot market weakness. The company generates sufficient cash to cover OPEX, fund its newbuild program, and sustain the 9.3%-yielding dividend, which remains very well covered. Despite shares gaining over the last six months, NAV/share has also risen. Hence, ESEA stock is still trading at a massive discount to NAV.

Euroseas' 56% Discount To NAV And 9.3% Yield Remain Highly Attractive

Costamare

Danaos

Global Ship Lease

ZIM Integrated Shipping Services

Container rates have stabilized. What is behind this move, and how long will it last?

Container Shipping - Current Conditions And Forward Outlook

Euroseas Ltd. (NASDAQ:ESEA ) Q1 2023 Results Conference Call May 16, 2023 11:00 AM ET Company Participants Aristides Pittas - Chairman and CEO Tasos Aslidis - CFO Operator Thank you for standing by, ladies and gentlemen, and welcome to the Euroseas Conference Call on the First Quarter 2023 Financial Results.

Euroseas Ltd. (ESEA) Q1 2023 Earnings Call Transcript

ATHENS, Greece, May 16, 2023 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today its results for the three-month period ended March 31, 2023 and declared a common stock dividend.

Euroseas Ltd. Reports Results for the Quarter Ended March 31, 2023 and Declares Quarterly Common Stock Dividend

ATHENS, Greece, May 11, 2023 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today that it will release its financial results for the first quarter ended March 31, 2023 on Tuesday, May 16, 2023 before market opens in New York.

Euroseas Ltd. Sets Date for the Release of First Quarter 2023 Results, Conference Call and Webcast

ATHENS, Greece, May 01, 2023 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced today that its Annual Report on Form 20-F for the year ended December 31, 2022, has been filed with the U.S. Securities and Exchange Commission (“SEC”) and can be accessed on its website, www.euroseas.gr.

Euroseas Ltd. Announces Filing of Form 20-F with the SEC

Euroseas: Margins Aren't Sustainable In The Long Run.

Euroseas: Margins Aren't Sustainable In The Long Run

ATHENS, Greece, April 10, 2023 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ:ESEA), an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced today that on April 6, 2023, it has taken delivery of its M/V Gregos, an eco 2,800 teu feeder containership newbuilding from Hyundai Mipo Dockyard Co. in South Korea. The vessel is EEDI Phase 3 compliant and equipped with a Tier III engine and other sustainability linked features including installation of AMP (alternative maritime power). The acquisition was financed with a combination of own funds and a sustainability-linked loan provided by Eurobank S.A. Following its delivery, M/V Gregos commenced a thirty-six to forty month charter with Asyad Lines.

Euroseas Ltd. Announces Delivery of M/V Gregos, an Eco 2,800 teu Feeder Containership Newbuilding, and Commencement of the Vessel's Charter

ATHENS, Greece, April 05, 2023 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced today a new charter of its container vessel M/V “Synergy Keelung”.

Euroseas Ltd. Announces a $23,000 per day Two-Year Charter for its 4,253 teu, 2009-built Vessel, M/V “Synergy Keelung”

Euroseas Ltd. (NASDAQ:ESEA ) Q4 2022 Results Conference Call February 15, 2023 10:00 AM ET Company Participants Aristides Pittas - Chairman and Chief Executive Officer Tasos Aslidis - Chief Financial Officer Conference Call Participants Tate Sullivan - Maxim Group Operator Thank you for standing by, ladies and gentlemen, and welcome to the Euroseas Conference Call on the Fourth Quarter 2022 Financial Results.

Euroseas Ltd. (ESEA) Q4 2022 Earnings Call Transcript

ATHENS, Greece, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today its results for the three-month period and full year ended December 31, 2022.

Euroseas Ltd. Reports Results for the Year and Quarter Ended December 31, 2022

ATHENS, Greece, Feb. 08, 2023 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today that it will release its financial results for the fourth quarter ended December 31, 2022 on Wednesday, February 15, 2023 before market opens in New York.

Euroseas Ltd. Sets Date for the Release of Fourth Quarter 2022 Results, Conference Call and Webcast

Euroseas' end markets for container vessels have already fallen to prices close to pre-pandemic levels. At these prices the company would still be profitable, adding to very lucrative contracts for 2023 and 2024.

Euroseas' End Markets Fell But The Company Is Still On The Hook

ATHENS, Greece, Dec. 29, 2022 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced today that it has agreed to sell M/V Akinada Bridge, a 5,610 teu intermediate containership vessel built in 2001, at a gross price of $14.2 million. The vessel is expected to be delivered to its buyers in the beginning of January 2023.

Euroseas Ltd. Announces the Sale of 5,610 teu Container Vessel, built in 2001

Containership rates continue to plummet, but Euroseas features strong earnings coverage in the coming quarters. Uncertainty looms post-2024, but the dividend should remain covered even if earnings decline substantially.

Euroseas: The 10.3% Yield And 65% Discount To NAV Offer Deep Margin Of Safety

Zacks.com users have recently been watching Euroseas Ltd. (ESEA) quite a bit.

Investors Heavily Search Euroseas Ltd. (ESEA): Here is What You Need to Know

Euroseas Ltd. (ESEA) is Attracting Investor Attention: Here is What You Should Know

Euroseas Ltd (NASDAQ:ESEA ) Q3 2022 Earnings Conference Call November 14, 2022 9:30 AM ET Company Participants Aristides Pittas - Chairman, CEO & President Anastasios Aslidis - CFO, Treasurer & Director Conference Call Participants Tate Sullivan - Maxim Group James Jang - Univest Securities Charles Fratt - Alliance Global Partners Operator Thank you for standing by, ladies and gentlemen, and welcome to the Euroseas Conference Call on the Third Quarter 2022 Financial Results. We have with us Mr.

Euroseas Ltd (ESEA) Q3 2022 Earnings Call Transcript

Euroseas Ltd. (ESEA) delivered earnings and revenue surprises of -16.43% and 1.30%, respectively, for the quarter ended September 2022.

Euroseas Ltd. (ESEA) Lags Q3 Earnings and Revenue Estimates

ATHENS, Greece, Nov. 14, 2022 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today its results for the three and nine-month periods ended September 30, 2022.

News for Euroseas Stock (ESEA)