Navios Maritime Containers Inc. (NMCI) Reports Q4 EPS of $0.17, Revenues Beat

Navios Maritime Containers Inc. (NASDAQ: NMCI) reported Q4 EPS of $0.17, versus $0.07 reported last year. Revenue for the quarter came in at $39 million versus the consensus estimate of $37.03 million.

Revenue

• $141.5 million for FY 2019
• $39.0 million for Q4 2019

Cash from operating activities

• $37.0 million for FY 2019
• $12.7 million for Q4 2019

Adjusted EBITDA

• $59.6 million for FY 2019
• $18.2 million for Q4 2019

Adjusted Net income

• $10.5 million for FY 2019
• $5.9 million for Q4 2019

Angeliki Frangou, Chairman and Chief Executive Officer, stated, "I am pleased with the results for the fourth quarter and full year of 2019. For the fourth quarter of 2019, Navios Containers reported $18.2 million of Adjusted EBITDA, $5.9 million of Adjusted Net Income and $0.17 of Adjusted Net Earnings per common unit. For the full year of 2019, Navios Containers reported $59.6 million of Adjusted EBITDA, $10.5 million of Adjusted Net Income and $0.30 of Adjusted Net Earnings per common unit. "

Angeliki Frangou continued, "We believe that Navios Containers is well positioned for 2020. We have visibility on revenue through our chartering activities and on cost through the renewed management agreement. However, we cannot determine the impact of the coronavirus in China, as developing facts make it impossible to assess the potential ramifications."

For earnings history and earnings-related data on Navios Maritime Containers Inc. (NMCI) click here.

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