Navios Maritime Holdings (NM) Reports Q3 EPS of $2.77, Revenues Miss

Navios Maritime Holdings (NYSE: NM) reported Q3 EPS of $2.77, versus ($0.14) reported last year. Revenue for the quarter came in at $141.6 million versus the consensus estimate of $146 million.

Angeliki Frangou, Chairman and Chief Executive Officer, stated, “I am pleased with the results of the third quarter of 2019. We reported revenue of $141.6 million, Adjusted EBITDA of $98.8 million and Adjusted Net Income of $35.65 million.”

Angeliki Frangou continued, “Charter rates in the dry bulk sector are healthy with the capesize 5TC rate around $19,000 per day. NM earned a time charter equivalent rate of $15,534 per day for the third quarter of 2019. All of our delivered vessels are on the water generating revenue, as we have no vessels being retro-fitted with scrubbers.”

For earnings history and earnings-related data on Navios Maritime Holdings (NM) click here.

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