Seaspan (SSW) Tops Q1 EPS by 2c

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/9/2026

1. HUM
2. SPCX
3. ALHC
4. T
5. PEP
6. CVS
7. UNH
8. AXP
9. ZETA
10. DAL

Go back to Seaspan (SSW) Tops Q1 EPS by 2c

Seaspan Reports Financial Results for the Quarter Ended March 31, 2015

April 27, 2015 6:11 PM EDT

HONG KONG, CHINA -- (Marketwired) -- 04/27/15 -- Seaspan Corporation ("Seaspan") (NYSE: SSW) announced today its financial results for the quarter ended March 31, 2015. Below is a summary of Seaspan's key financial results:

Summary of Key Financial Results (in thousands of US dollars):

Quarter Ended March 31, Change ---------------------------------------- 2015 2014 $ % ---------------------------------------- Reported net earnings $ 21,333 $ 18,028 $ 3,305 18.3% Normalized net earnings(1) $ 38,356 $ 28,792 $ 9,564 33.2% Earnings per share, basic and diluted $ 0.08 $ 0.03 $ 0.05 166.7% Normalized earnings per share, converted(1) (Series A preferred shares converted at $15) $ 0.25 $ 0.18 $ 0.07 38.9% Cash available for distribution to common shareholders(2) $ 75,805 $ 67,908 $ 7,897 11.6% Adjusted EBITDA(3) $ 135,998 $ 123,815 $ 12,183 9.8% ----- (1) Normalized net earnings and normalized earnings per share are non-GAAP... More