Global Ship Lease (GSL) Misses Q1 EPS by 17c, Revenues Miss
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Global Ship Lease Reports Results for the First Quarter of 2020
May 12, 2020 8:30 AM EDTLONDON, May 12, 2020 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE: GSL) (the Company or Global Ship Lease), a containership charter owner, announced today its unaudited results for the three months ended March 31, 2020.
First Quarter 2020
- Reported operating revenues(1) of $70.9 million for the first quarter 2020.
- Reported net income(2) of $0.6 million for the first quarter 2020 after a non-cash impairment charge of $7.6 million and $2.3 million premium paid following the redemption of $46.0 million of our 9.875% Senior Secured Notes due 2022 (2022 Notes); resulting in a normalized net income(3) of $10.5 million.
- Generated $39.6 million of... More
