International Seaways Non-GAAP EPS of -$0.57 misses by $0.19, revenue of $94.67M misses by $5.17M
Mar. 02, 2022 6:59 AM ETInternational Seaways, Inc. (INSW)By: Niloofer Shaikh, SA News Editor2 Comments
- International Seaways press release (NYSE:INSW): Q4 Non-GAAP EPS of -$0.57 misses by $0.19.
- Revenue of $94.67M (+67.0% Y/Y) misses by $5.17M.
- The company expects to realize over $25 million in cost synergies during 2022 in connection with the Diamond S merger. Another $10 million in revenue synergies are expected based on the historical performance of the pools where the Company’s vessels are employed relative to other commercial management.
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Comments (2)
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Steve Fischer
02 Mar. 2022
This company has gone through some major changes. Cleaves - Minzmayer ( two best shipping analysts) know that it will take a bit longer for INSW to turn around but the potential is great and it sells way below what its worth.
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kmi
02 Mar. 2022
Lots of good data in their recent presentation. Key:"Every $5,000 improvement in the Time Charter Equivalent daily rate provides over $150m incremental EBITDA or about $3 EPS per annum"