Dorian LPG Ltd. Announces First Quarter Fiscal Year 2020 Financial Results and $50 Million Stock Repurchase Program
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Dorian LPG (LPG) Tops Q1 EPS by 7c, Revenues Beat; Board Authorizes Up $50M Share Buyback
August 7, 2019 6:55 AM EDTDorian LPG (NYSE: LPG) reported Q1 EPS of $0.22, $0.07 better than the analyst estimate of $0.15. Revenue for the quarter came in at $61.2 million versus the consensus estimate of $57.77 million.
Highlights for the First Quarter Fiscal Year 2020
Revenues of $61.2 million and Daily Time Charter Equivalent ("TCE")(1) rate for our fleet of $29,671 for the three months ended June 30, 2019, compared to revenues of $27.6 million and TCE rate of $16,553 for the three months ended June 30, 2018.Net income of $6.1 million, or $0.11 earnings per basic and diluted share ("EPS"), and adjusted net income(1) of $12.1 million, or $0.22 adjusted... More