International Seaways (INSW) Tops Q3 EPS by 28c, Revenues Beat

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Go back to International Seaways (INSW) Tops Q3 EPS by 28c, Revenues Beat

International Seaways Reports Third Quarter 2020 Results

November 6, 2020 6:50 AM EST

NEW YORK--(BUSINESS WIRE)-- International Seaways, Inc. (NYSE: INSW) (the Company or INSW), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products in International Flag markets, today reported results for the third quarter of 2020.

Highlights

Net income for the third quarter was $14.0 million, or $0.50 per diluted share, compared to a net loss of $11.1 million, or $0.38 per diluted share, in the third quarter of 2019. Net income for the quarter reflects the impact of a $12.8 million impairment charge and loss on... More