Euroseas

Euroseas Ltd. is a holding company, which engages in the provision of ocean-going transportation services. It operates containerships that transport dry and refrigerated containerized cargoes, mainly including manufactured products, and perishables. The company also owns drybulk carriers that transport major bulks such as iron ore, coal and grains, and minor bulks such as bauxite, phosphate and fertilizers. Euroseas was founded on May 5, 2005 and is headquartered in Athens, Greece.

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Euroseas reports strong Q4 earnings amidst market challenges and opportunities

Euroseas delivered a robust performance in Q4 2022, driven by strong financial results and strategic initiatives like fleet expansion and asset optimization.
While facing challenges from market dynamics and global uncertainties, the company's proactive approach to debt management and focus on shareholder value creation position it for long-term success.
By navigating market challenges, capitalizing on growth opportunities, and maintaining financial discipline, Euroseas aims to sustain its competitive position and drive value for stakeholders.

Euroseas reports robust Q1 earnings amidst market opportunities and challenges

Euroseas delivered a strong Q1 2023 performance with solid financial results and shareholder returns, reflecting operational excellence and market positioning.
While facing challenges such as operational complexities and legal issues, the company has opportunities to drive growth through strategic initiatives and market trends.
Investors should monitor Euroseas' ability to navigate challenges, capitalize on opportunities, and sustain its financial performance and shareholder value in the dynamic shipping industry.

Euroseas reports strong Q2 earnings, plans fleet expansion and acquisitions

Euroseas delivered robust financial results, declared dividends, and expanded its fleet, showcasing operational strength and strategic growth.
While facing challenges such as debt assumption and arbitration losses, the company's focus on sustainability and shareholder value creation remains strong.
Opportunities lie in building cash reserves, share repurchases, and fleet expansion, positioning Euroseas for future growth and market leadership.
Overall, Euroseas' performance reflects resilience in a dynamic market environment, with a strategic focus on sustainable growth and shareholder returns.

Euroseas reports robust Q3 earnings amidst market challenges and opportunities

Euroseas delivered strong financial performance in Q3 2023, supported by substantial dividends and operational expansions, despite challenges in charter rates and global economic uncertainties.
With a focus on maintaining financial resilience, efficient operations, and shareholder value, Euroseas navigates market headwinds while exploring opportunities for revenue growth and capital appreciation.
The company's strategic approach to balancing dividends, buybacks, and fleet expansion positions it to weather industry challenges and leverage potential opportunities for future growth.

Euroseas (ESEA) posts robust Q4 earnings, eyes growth amid market disruptions

Euroseas (ESEA) reported strong financials, dividend increase, and operational updates in Q4 2023. Despite market challenges, the company's fleet expansion and charter coverage provide a solid foundation for growth. Strategic investments and market insights position Euroseas well for future opportunities.

Euroseas reports strong Q1 earnings, eyes growth amid market trends

Euroseas delivered a strong financial performance in Q1 2024, supported by operational efficiency and robust fleet utilization rates.
While facing challenges from market uncertainties and debt management, the company's strategic strengths lie in dividend consistency, fleet optimization, and growth opportunities.
By leveraging market trends, optimizing its fleet, and maintaining financial discipline, Euroseas is poised to capitalize on opportunities for revenue growth and shareholder value appreciation.

Euroseas excels in Q2 2024 earnings, poised for strategic growth

Euroseas delivered a robust financial performance in Q2 2024, supported by strong revenues, net income, and dividend yield, reflecting a well-managed operation.
The company's fleet profile, forward charter coverage, and capital allocation strategy position it well for growth and value creation in a positive market environment.
While facing challenges such as debt management and market dynamics, Euroseas can capitalize on opportunities through strategic investments and adaptation to industry trends.

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Euroseas Ltd. (NASDAQ:ESEA ) Q3 2023 Earnings Conference Call November 9, 2023 10:00 AM ET Company Participants Aristides Pittas – Chairman and Chief Executive Officer; Tasos Aslidis – Chief Financial Officer Conference Call Participants Tate Sullivan – Maxim Group Kristoffer Barth Skeie – Arctic Securities Operator Thank you for standing by, ladies and gentlemen, and welcome to the Euroseas Conference Call on the Third Quarter 2023 Financial Results.

Euroseas Ltd. (ESEA) Q3 2023 Earnings Call Transcript

ATHENS, Greece, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today its results for the three and nine-month periods ended September 30, 2023.

Euroseas Ltd. Reports Results for the Nine-Month Period and Quarter Ended September 30, 2023

High fuel costs are likely to have dented Euroseas' (ESEA) Q3 performance.

Euroseas (ESEA) to Post Q3 Earnings: What's in the Offing?

Euroseas Ltd. (ESEA) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

Recent Price Trend in Euroseas Ltd. (ESEA) is Your Friend, Here's Why

Frontline

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Irrespective of the time and conditions of the stock market, savvy investors seek not only dividends but also growth prospects. The article lists three distinct stocks, each with its unique promise of returns and resilience.

Double Your Returns: 3 Dividend Stocks Offering Income and Upside

Euroseas Ltd is a global ocean-going transportation service company specializing in feeder and intermediate containerships. Supply-demand dynamics within the containership industry aren't too positive, but ESEA is better placed to cope with these pressures. Relative to its own history, ESEA's forward valuations look pricey, but compared to its peers, the situation is a lot more palatable, particularly considering the EBITDA growth outlook for FY24.

Euroseas: Not A Buy, But Better Placed Than Its Peers

If you are looking for stocks that are well positioned to maintain their recent uptrend, Euroseas Ltd. (ESEA) could be a great choice.

Euroseas Ltd. (ESEA) Is a Great Choice for 'Trend' Investors, Here's Why

Euroseas Ltd. (ESEA) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks.

Here's Why Momentum in Euroseas Ltd. (ESEA) Should Keep going

Euroseas Ltd. (NASDAQ:ESEA ) Q2 2023 Earnings Conference Call August 9, 2023 10:00 AM ET Company Participants Aristides Pittas - Chairman and CEO Tasos Aslidis - CFO Conference Call Participants Tate Sullivan - Maxim Group Kristoffer Skeie - Arctic Securities Climent Molins - Value Investor's Edge Operator Thank you for standing by, ladies and gentlemen, and welcome to the Euroseas Conference Call on the Second Quarter 2023 Financial Results.

Euroseas Ltd. (ESEA) Q2 2023 Earnings Call Transcript

ATHENS, Greece, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today its results for the three- and six-month periods ended June 30, 2023.

Euroseas Ltd. Reports Results for the Six-Month Period and Quarter Ended June 30, 2023

ATHENS, Greece, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today that it will release its financial results for the second quarter ended June 30, 2023 on Wednesday, August 9, 2023 before market opens in New York.

Euroseas Ltd. Sets Date for the Release of Second Quarter 2023 Results, Conference Call and Webcast

ATHENS, Greece, July 25, 2023 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced today a mutual agreement to terminate the current charters for its container vessels M/V Rena P and M/V Emmanuel P, while concurrently fixing the vessels on new charters for $21,000 per vessel per day.

Euroseas Ltd. Announces new charters for its two 4,250 teu containerships, 2007-built Rena P and 2005-built Emmanuel P at $21,000 per vessel per day following a mutually agreed termination of the existing charters

Euroseas Ltd. (ESEA) was a big mover last session on higher-than-average trading volume.

Strength Seen in Euroseas Ltd. (ESEA): Can Its 6.3% Jump Turn into More Strength?

ATHENS, Greece, July 06, 2023 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ:ESEA), an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced today that on July 6, 2023, it has taken delivery of its M/V Terataki, an Eco EEDI Phase 3, 2,800 teu feeder containership newbuilding from Hyundai Mipo Dockyard Co. in South Korea. The vessel is equipped with a Tier III engine and other sustainability linked features including installation of AMP (alternative maritime power). The acquisition was financed with a combination of own funds and a sustainability-linked loan provided by National Bank of Greece S.A. Following its delivery, M/V Terataki commenced a thirty-six to forty months charter with Asyad Lines.

Euroseas Ltd. Announces Delivery of M/V Terataki, an Eco 2,800 teu Feeder Containership Newbuilding, and Commencement of the Vessel's Charter

Euroseas' earnings are set to remain very strong in fiscal 2023, with newbuilds landing robust rates despite spot market weakness. The company generates sufficient cash to cover OPEX, fund its newbuild program, and sustain the 9.3%-yielding dividend, which remains very well covered. Despite shares gaining over the last six months, NAV/share has also risen. Hence, ESEA stock is still trading at a massive discount to NAV.

Euroseas' 56% Discount To NAV And 9.3% Yield Remain Highly Attractive

Costamare

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Global Ship Lease

ZIM Integrated Shipping Services

Container rates have stabilized. What is behind this move, and how long will it last?

Container Shipping - Current Conditions And Forward Outlook

Euroseas Ltd. (NASDAQ:ESEA ) Q1 2023 Results Conference Call May 16, 2023 11:00 AM ET Company Participants Aristides Pittas - Chairman and CEO Tasos Aslidis - CFO Operator Thank you for standing by, ladies and gentlemen, and welcome to the Euroseas Conference Call on the First Quarter 2023 Financial Results.

Euroseas Ltd. (ESEA) Q1 2023 Earnings Call Transcript

ATHENS, Greece, May 16, 2023 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today its results for the three-month period ended March 31, 2023 and declared a common stock dividend.

Euroseas Ltd. Reports Results for the Quarter Ended March 31, 2023 and Declares Quarterly Common Stock Dividend

ATHENS, Greece, May 11, 2023 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today that it will release its financial results for the first quarter ended March 31, 2023 on Tuesday, May 16, 2023 before market opens in New York.

Euroseas Ltd. Sets Date for the Release of First Quarter 2023 Results, Conference Call and Webcast

ATHENS, Greece, May 01, 2023 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced today that its Annual Report on Form 20-F for the year ended December 31, 2022, has been filed with the U.S. Securities and Exchange Commission (“SEC”) and can be accessed on its website, www.euroseas.gr.

Euroseas Ltd. Announces Filing of Form 20-F with the SEC

Euroseas: Margins Aren't Sustainable In The Long Run.

Euroseas: Margins Aren't Sustainable In The Long Run

ATHENS, Greece, April 10, 2023 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ:ESEA), an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced today that on April 6, 2023, it has taken delivery of its M/V Gregos, an eco 2,800 teu feeder containership newbuilding from Hyundai Mipo Dockyard Co. in South Korea. The vessel is EEDI Phase 3 compliant and equipped with a Tier III engine and other sustainability linked features including installation of AMP (alternative maritime power). The acquisition was financed with a combination of own funds and a sustainability-linked loan provided by Eurobank S.A. Following its delivery, M/V Gregos commenced a thirty-six to forty month charter with Asyad Lines.

Euroseas Ltd. Announces Delivery of M/V Gregos, an Eco 2,800 teu Feeder Containership Newbuilding, and Commencement of the Vessel's Charter

ATHENS, Greece, April 05, 2023 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced today a new charter of its container vessel M/V “Synergy Keelung”.

Euroseas Ltd. Announces a $23,000 per day Two-Year Charter for its 4,253 teu, 2009-built Vessel, M/V “Synergy Keelung”

Euroseas Ltd. (NASDAQ:ESEA ) Q4 2022 Results Conference Call February 15, 2023 10:00 AM ET Company Participants Aristides Pittas - Chairman and Chief Executive Officer Tasos Aslidis - Chief Financial Officer Conference Call Participants Tate Sullivan - Maxim Group Operator Thank you for standing by, ladies and gentlemen, and welcome to the Euroseas Conference Call on the Fourth Quarter 2022 Financial Results.

Euroseas Ltd. (ESEA) Q4 2022 Earnings Call Transcript

ATHENS, Greece, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today its results for the three-month period and full year ended December 31, 2022.

News for Euroseas Stock (ESEA)