Genco Shipping & Trading Limited (GNK) CEO John Wobensmith on Q4 2019 Results - Earnings Call Transcript

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153.96K Followers

Q4: 2020-02-25 Earnings Summary

EPS of $0.07 misses by $0.04
 | Revenue of $63.45M (-16.38% Y/Y) beats by $2.13M

Genco Shipping & Trading Limited (NYSE:GNK) Q4 2019 Results Earnings Conference Call February 26, 2020 8:30 AM ET

Company Participants

John Wobensmith - Chief Executive Officer
Apostolos Zafolias - Chief Financial Officer
Peter Allen - Vice President, Finance

Conference Call Participants

Randy Giveans - Jefferies
Omar Nokta - Clarksons Platou Securities
Liam Burke - B. Riley FBR

Operator

Good morning, ladies and gentlemen, and welcome to the Genco Shipping & Trading Limited Fourth 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 Web site at www.gencoshipping.com. To inform everyone that today's conference is being recorded and is now being webcast on the company's Web site, www.gencoshipping.com.

We will conduct a question-and-answer session after the opening remarks, and instructions will be given 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 pass code 77743643. 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 in 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

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