Seaspan (SSW) Tops Q1 EPS by 2c
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Seaspan Reports Financial Results for the Quarter Ended March 31, 2015
April 27, 2015 6:11 PM EDTHONG 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