Genco Shipping & Trading Limited (GNK) CEO John Wobensmith on Q2 2019 Results - Earnings Call Transcript

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153.96K Followers

Q2: 2019-08-07 Earnings Summary

EPS of -$0.49 misses by $0.07
 | Revenue of $41.75M (-30.62% Y/Y) beats by $3.20M

Genco Shipping & Trading Limited (NYSE:GNK) Q2 2019 Earnings Conference Call August 8, 2019 8:30 AM ET

Company Participants

John Wobensmith - CEO
Apostolos Zafolias - CFO
Peter Allen - Vice President & Drybulk Market Analyst

Conference Call Participants

Randy Giveans - Jefferies
Chris Snyder - Deutsche Bank

Operator

Good morning, ladies and gentlemen, and welcome to the Genco Shipping & Trading Limited Second Quarter 2019 Earnings Conference Call and Presentation.

Before we begin, please note that there will be a slide presentation accompanying today's conference call. That presentation can be obtained from Genco's website at www.gencoshipping.com. To inform everyone, today's conference is being recorded and is now being webcast at the Company's website www.gencoshipping.com.

We will conduct a question-and-answer session after the opening remarks. Instructions will follow at that time. A replay of the conference will be accessible at any time during the next two weeks by dialing 888-203-1112 or 719-457-0820 and entering the passcode 3272187.

At this time, I would like to turn the conference over to the Company. Please go ahead.

Unidentified Company Representative

Good morning. Before we begin our presentation, I note that in this conference call, we will be making certain forward-looking statements pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements use words such as anticipate, budget, estimate, expect, project, intend, plan, believe, and other words and terms of similar meaning in connection with the discussion of potential future events, circumstances or future operating or financial performance.

These forward-looking statements are based on management's current expectations and observations. For a discussion of factors that could cause results to differ, please see the Company's press release that was issued yesterday, the materials relating to this call posted on the Company's website and the Company's filings with the Securities and

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