Overseas Shipholding Group Reports Fourth Quarter and Full Year 2018 Results
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Overseas Shipholding Group (OSG) Reports Q4 Loss of $0.05 on Revenues of $89.2M
March 8, 2019 7:33 AM ESTOverseas Shipholding Group (NYSE: OSG) reported Q4 EPS of ($0.05), versus $0.61 reported last year. Revenue for the quarter came in at $89.2 million, versus $92.82 million reported last year.
Net loss for the fourth quarter was $5.2 million, or $(0.05) per diluted share, compared with net income of $53.6 million, or $0.61 per diluted share for the fourth quarter 2017.Net income for the full year 2018 was $13.5 million, or $0.15 per diluted share, compared with $56.0 million, or $0.64 per diluted share for the full year 2017.Shipping revenues for the fourth quarter and full year 2018 were $89.2 million and $366.2 million, down 4% and 6%,... More