Diamond S Shipping Inc. Reports Second Quarter 2019 Results
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Diamond S Shipping Inc. (DSSI) Tops Q2 EPS by 25c, Revenues Beat
August 7, 2019 6:56 AM EDTDiamond S Shipping Inc. (NYSE: DSSI) reported Q2 EPS of ($0.21), $0.25 better than the analyst estimate of ($0.46). Revenue for the quarter came in at $149.3 million versus the consensus estimate of $100.13 million.
Highlights
The Company operated all 68 vessels for a full quarter following completion of the merger on March 27, 2019 resulting in an increase in vessel operating days for the quarter by more than 50%.Net debt at June 30, 2019 was $876.8 million implying a debt to asset value leverage ratio of 50%.For the second quarter, net loss attributable to Diamond S was $8.5 million,... More