International Seaways Reports Third Quarter 2024 Results
International Seaways, Inc. (INSW)
Last international seaways, inc. earnings: 3/3 06:00 am
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US:NASDAQ Investor Relations:
intlseas.com/corporateprofile
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--International Seaways, Inc. (NYSE: INSW) (the “Company,” “Seaways,” or “INSW”), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, today reported results for the third quarter 2024.HIGHLIGHTS & RECENT DEVELOPMENTSQuarterly Results:Net income for the third quarter of 2024 was $92 million, or $1.84 per diluted share.Adjusted net income(1) for the third quarter of 2024 was $78 million, or $1.57 per diluted share.Adjusted EBITDA(1) for the third quarter of 2024 was $130 million.Robust Balance Sheet:Total liquidity was approximately $694 million as of September 30, 2024, including total cash (1) of $153 million and $541 million undrawn revolving credit capacity.Repaid $50 million on the Company’s $500 million RCF, increasing undrawn revolver capacity.Net loan-to-value remained historically low at approximately 13.5% as of September 30, 2024.Fleet Optimization Program:Sold a 2008-built M
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News
- Declining Stock and Solid Fundamentals: Is The Market Wrong About International Seaways, Inc. (NYSE:INSW)? [Yahoo! Finance]Yahoo! Finance
- International Seaways, Inc. (NYSE: INSW) had its price target lowered by analysts at Jefferies Financial Group Inc. from $66.00 to $60.00. They now have a "buy" rating on the stock.MarketBeat
- International Seaways' (NYSE:INSW) Shareholders Have More To Worry About Than Only Soft Earnings [Yahoo! Finance]Yahoo! Finance
- International Seaways Inc (INSW) Q3 2024 Earnings Call Highlights: Strong Financial Performance ... [Yahoo! Finance]Yahoo! Finance
- International Seaways, Inc. 2024 Q3 - Results - Earnings Call Presentation [Seeking Alpha]Seeking Alpha
INSW
Earnings
- 11/7/24 - Beat
INSW
Sec Filings
- 12/20/24 - Form 4
- 12/18/24 - Form 4
- 12/16/24 - Form 144
- INSW's page on the SEC website