Navios Maritime Holdings (NM) Reports Q4 EPS of $1.44, Revenues Miss

Navios Maritime Holdings (NYSE: NM) reported Q4 EPS of $1.44, versus ($1.85) reported last year. Revenue for the quarter came in at $118.88 million versus the consensus estimate of $146 million.

Angeliki Frangou, Chairman and Chief Executive Officer, stated, “I am pleased with the results of the fourth quarter and full year of 2019. For the fourth quarter of 2019, we reported revenue of $118.9 million and Adjusted EBITDA of $74.7 million. For the full year of 2019, we reported revenue of $482.4 million and Adjusted EBITDA of $303.8 million.”

Angeliki Frangou continued, “Charter rates in the drybulk market are depressed due to seasonality and uncertainty related to the coronavirus. We anticipate continued weakness for the first half of 2020, with growth accelerating in the second half of the year as China returns more fully to the global market.”

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

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