Navios Maritime Acquisition (NNA) Tops Q1 EPS by 38c, Revenues Beat

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Navios Maritime Acquisition Corporation Reports Financial Results for the First Quarter Ended March 31, 2019

May 13, 2019 7:15 AM EDT

67.1% increase in Q1 2019 revenue to $77.1 million$9.9 million net cash from operating activities for Q1 20195x increase in Q1 2019 EBITDA to $41.7 million $0.9 million net income in Q1 2019; $0.06 earnings per shareFleet Renewal:°  2 VLCC newbuilding under bareboat lease ordered in 2018°  Option for 3rd VLCC newbuilding under bareboat lease exercised in Q1 2019°  Sale of the two oldest VLCCs of the fleet$103.2 million sale and leaseback agreement Returning capital to stockholders:°  Quarterly dividend: $0.30 per share °  Total... More