Overseas Shipholding Group (OSG) Reports Q1 EPS of $0.28
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Overseas Shipholding Group Reports First Quarter 2020 Results
May 8, 2020 9:00 AM EDTTAMPA, Fla.--(BUSINESS WIRE)-- Overseas Shipholding Group, Inc. (NYSE: OSG) (the Company or OSG), a provider of energy transportation services for crude oil and petroleum products in the U.S. Flag markets, today reported results for the first quarter of 2020.
Highlights
Net income for the first quarter 2020 was $25.1 million, or $0.28 per diluted share, compared with net income of $3.2 million, or $0.04 per diluted share, for the first quarter 2019. The increase was driven primarily by the gain on termination of a pre-existing arrangement related to the acquisition of ATC... More