Diamond S Shipping Inc. (DSSI) Misses Q2 EPS by 13c, Revenues Beat

Diamond S Shipping Inc. (NYSE: DSSI) reported Q2 EPS of $1.14, $0.13 worse than the analyst estimate of $1.27. Revenue for the quarter came in at $183.55 million versus the consensus estimate of $173.49 million.

Craig H. Stevenson Jr., President and CEO of Diamond S, commented: “We are pleased with our performance in the second quarter, which is reflected in our strong financial results. Our primary focus is on positioning Diamond S to deliver outstanding cash flows in normalized market conditions. For this reason, we continue to lower our leverage, thereby improving our already competitive breakeven levels. We allocated excess capital in the quarter to paying down our debt by reducing exposure on our revolving credit facilities. These amounts may be redrawn in the future to provide liquidity or capital for opportunistic strategic moves. We remain positive in our long-term market outlook and we strongly believe the current market price of our shares does not reflect the underlying value of our vessels.”

For earnings history and earnings-related data on Diamond S Shipping Inc. (DSSI) click here.

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