Genco Shipping & Trading

Genco Shipping & Trading Ltd. is an international ship owning company, which engages in the transportation of iron ore, coal, grain, steel products and other drybulk cargoes. It operates through the ocean transportation of drybulk cargoes worldwide through the ownership and operation of drybulk carrier vessels segment. The company was founded on September 27, 2004 and is headquartered in New York, NY.

Earnings data Q1 2021

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Genco Shipping & Trading excels in Q4 2022 earnings call

Genco Shipping & Trading delivered robust financial results, prioritizing debt reduction, dividend sustainability, and strategic fleet management.
The company's strong performance, prudent financial decisions, and market-aligned strategies position it well for growth and value creation.
While challenges persist in market dynamics, Genco Shipping & Trading remains focused on leveraging opportunities and navigating industry trends effectively.

Genco Shipping & Trading posts solid Q1 results amid market optimism

Genco Shipping & Trading delivered strong financial performance in Q1 2023, with a positive outlook for the drybulk market.
The company's focus on debt reduction, dividend payments, and market dynamics positions it well for future growth.
While challenges like market uncertainties persist, Genco's strategic initiatives and market expertise offer avenues for success.

Genco Shipping & Trading reports robust Q2 earnings and strategic growth plans

Genco Shipping & Trading's Q2 2023 performance reflects financial strength and operational resilience, supported by a robust cash position and sustainable dividend policy. While facing challenges such as debt obligations and market uncertainties, the company is well-positioned to leverage market opportunities and enhance operational efficiency.

Genco Shipping & Trading Limited reports Q3 loss, focuses on sustainability and growth opportunities

Genco Shipping & Trading Limited's Q3 2023 performance reflects a net loss, but the company remains committed to returning capital to shareholders and enhancing its borrowing capacity. The acquisition of the Genco Ranger and participation in emissions reduction initiatives position Genco for potential improvements in Q4. However, the company faces challenges in achieving financial stability and managing its debt.

Genco Shipping & Trading reports stellar Q4 performance and strategic growth outlook

Genco Shipping & Trading's Q4 performance reflects robust growth and operational efficiency, supported by strategic initiatives and a strong financial position. While challenges exist in the industry's volatility, the company's focus on value creation and fleet optimization presents opportunities for sustained success.

Genco Shipping & Trading reports robust Q3 earnings and growth strategies

Genco Shipping & Trading delivered strong financial performance in Q3 2024, with notable achievements in fleet growth, earnings power, and shareholder returns. The company's focus on efficiency, financial strength, and market opportunities positions it well for future growth and success.

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Genco Shipping & Trading Ltd. is an international ship owning company, which engages in the transportation of iron ore, coal, grain, steel products, and other drybulk cargoes. The company was founded on September 27, 2004 and is headquartered in New York, NY.

The stock is down 35% since Barron's first recommended it. Here's why it's a good time to get in.

Genco Stock Is a Good Bet as Rising Shipping Rates Help Boost Dividend

NEW YORK, May 22, 2023 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced the appointment of Peter Allen as Chief Financial Officer, effective June 16, 2023. He is to succeed Apostolos Zafolias, who as previously announced, will leave the Company to pursue an opportunity outside of the maritime industry.

Genco Shipping & Trading Limited Announces Appointment of 15-Year Company Veteran as New Chief Financial Officer

Genco Shipping & Trading Ltd (NYSE:GNK ) Q1 2023 Earnings Conference Call May 4, 2023 8:30 AM ET Company Participants Peter Allen - SVP, Strategy & Finance John Wobensmith - CEO, President, Secretary & Director Apostolos Zafolias - CFO & EVP, Finance Conference Call Participants Omar Nokta - Jefferies Liam Burke - B. Riley Securities Operator Good morning, ladies and gentlemen, and welcome to the Genco Shipping & Trading Limited First Quarter 2023 Earnings Conference Call and Presentation.

Genco Shipping & Trading Ltd (GNK) Q1 2023 Earnings Call Transcript

Genco Shipping & Trading (GNK) came out with quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.97 per share a year ago.

Genco Shipping & Trading (GNK) Q1 Earnings Miss Estimates

Declares Dividend of $0.15 per share for Q1 2023, Genco's 15th Consecutive Quarterly Dividend Declares Dividend of $0.15 per share for Q1 2023, Genco's 15th Consecutive Quarterly Dividend

Genco Shipping & Trading Limited Announces First Quarter Financial Results

Genco Shipping (GNK) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Genco Shipping & Trading (GNK) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release

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During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

These 3 Industrials Stocks With Over 3% Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts - Genco Shipping & Trading (NYSE:GNK), Greenbrier Companies (NYSE:GBX)

NEW YORK, April 19, 2023 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced that Apostolos Zafolias, the Company's Chief Financial Officer and Executive Vice President, Finance, will be leaving the Company to pursue an opportunity outside of the maritime industry. Mr. Zafolias, who has been with Genco since 2005 and served as its Chief Financial Officer since 2014, is anticipated to serve in his current roles at Genco through June 15, 2023 and then as a consultant through December 31, 2023 to assist with an orderly transition.

Genco Shipping & Trading Limited Announces Management Change

NEW YORK, April 19, 2023 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) announced today that it will hold a conference call to discuss the Company's results for the first quarter of 2023 on Thursday, May 4, 2023 at 8:30 a.m. Eastern Time. The conference call will also be broadcast live over the Internet and include a slide presentation. The Company will issue financial results for the first quarter ended March 31, 2023 on Wednesday, May 3, 2023 after the close of market trading.

Genco Shipping & Trading Limited Announces First Quarter 2023 Conference Call and Webcast

Genco has a generous and sustainable dividend policy that rewards shareholders with an annualized yield of 17% on the current stock price. GNK has a strong competitive advantage in the dry bulk shipping industry, with a diverse fleet of 44 vessels, a flexible operational strategy, and a loyal customer base.

Genco: Profit From The Dry Bulk Shipping Recovery With A Margin Of Safety

Genco Shipping owns a modern fleet of dry cargo vessels consisting of 27 Capesize and 17 Ultramax/Supramax vessels. I believe GNK stock has a fairly stable margin of safety, supported by the low order book and rising demand for dry bulk shipping services from emerging markets.

Genco Shipping: Playing The Supply-Demand Imbalances

Genco Shipping pays a variable quarterly dividend - its forward yield is 12.85%, and its trailing yield is over 16%. Management has paid off 62% of the debt load since 2021, making GNK one of the few companies with lower interest expenses in a rising rate environment.

Genco Shipping: 12% Yield, Low Debt, Lower Breakeven, Oversold

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These 3 Industrials Stocks With Over 3% Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts - Genco Shipping & Trading (NYSE:GNK), United Parcel Service (NYSE:UPS)

Genco Shipping & Trading Limited (NYSE:GNK ) Q4 2022 Results Conference Call February 23, 2023 8:30 AM ET Company Participants John Wobensmith - Chief Executive Officer Apostolos Zafolias - Chief Financial Officer Peter Allen - SVP of Strategy Conference Call Participants Omar Nokta - Jefferies Greg Lewis - BTIG Liam Burke - B. Riley Operator Good morning, ladies and gentlemen.

Genco Shipping & Trading Limited (GNK) Q4 2022 Earnings Call Transcript

Genco Shipping (GNK) delivered earnings and revenue surprises of 13.56% and 8.60%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Genco Shipping & Trading (GNK) Beats Q4 Earnings and Revenue Estimates

Declares Dividend of $0.50 per share for Q4 2022, Genco's 14 th Consecutive Quarterly Dividend

Genco Shipping & Trading Limited Announces Fourth Quarter Financial Results

Genco Shipping's strong dividend yield of 11% builds a solid base for the investment case here. The upside potential in market capitalization is a good option for investors.

Genco Shipping: Dividend Play With Upside Potential

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Genco Shipping & Trading (GNK) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release

NEW YORK, Jan. 30, 2023 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) announced today that it will hold a conference call to discuss the Company's results for the fourth quarter of 2022 on Thursday, February 23, 2023 at 8:30 a.m. Eastern Time. The conference call will also be broadcast live over the Internet and include a slide presentation. The Company will issue financial results for the fourth quarter ended December 31, 2022 on Wednesday, February 22, 2023 after the close of market trading.

Genco Shipping & Trading Limited Announces Fourth Quarter 2022 Conference Call and Webcast

NEW YORK, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered dry bulk shipowner focused on the global transportation of commodities, today announced that it will participate in Capital Link's Corporate Presentations Webinar Series.

Genco Shipping & Trading Limited to Participate at Capital Link's Corporate Presentations Series

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GNK's trailing dividend yield is 18.6%. Management adopted a new value dividend strategy, which has led to GNK paying $2.74/share in the past four quarters.

Genco Shipping: 18% Yield, Low Debt, Low Breakeven

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