Welcome to our dedicated page for Eurodry news (Ticker: EDRY), a resource for investors and traders seeking the latest updates and insights on Eurodry stock.
Eurodry Ltd (NASDAQ: EDRY) operates a modern fleet of dry bulk carriers providing essential maritime transportation services worldwide. This news hub offers investors and industry professionals centralized access to official corporate announcements and operational updates.
Find timely updates on charter agreements, fleet expansions, and financial performance. Our curated collection includes press releases about vessel acquisitions, partnership developments, and management strategies shaping Eurodry's position in global shipping markets.
Key content areas include quarterly earnings reports, technical management innovations, and commercial agreements impacting dry bulk commodity transport. All materials maintain factual accuracy while avoiding speculative commentary to support informed analysis.
Bookmark this page for streamlined tracking of Eurodry's maritime operations and corporate milestones. Check regularly for updates reflecting the company's ongoing activities in ocean freight logistics and fleet optimization initiatives.
EuroDry (NASDAQ: EDRY), a drybulk vessel owner and operator, has announced its participation in Noble Capital Markets' Basic Industries Emerging Growth Virtual Equity Conference. The company's CFO, Dr. Tasos Aslidis, will present on September 25, 2024, at 3:30pm EDT. The presentation will include a fireside Q&A session open to the virtual audience.
Registered, qualified investors can schedule one-on-one meetings with company executives. The presentation will be available for viewing through free registration. A video webcast will be accessible on EuroDry's website and Channelchek.com for 90 days following the event.
EuroDry (NASDAQ: EDRY) reported results for Q2 2024, highlighting a 68.6% increase in total net revenues to $17.4 million compared to Q2 2023. Despite this, the company experienced a net loss of $0.41 million or $0.15 per share. Adjusted net loss was $0.45 million or $0.17 per share, with adjusted EBITDA reaching $5.0 million.
For the first half of 2024, total net revenues were $31.9 million, a 46.9% increase compared to H1 2023. The net loss for this period was $2.2 million or $0.81 per share. Adjusted net loss was $3.7 million or $1.35 per share, with adjusted EBITDA at $7.1 million. The average time charter equivalent rate was $13,452/day for H1 2024.
The company’s fleet utilization improved, reaching 99.0% for Q2 and 98.5% for H1 2024. EuroDry extended its $10 million share repurchase program and has utilized $5.0 million to repurchase 313,318 shares. The company also published its 2023 Sustainability Report.
EuroDry (NASDAQ: EDRY), a drybulk vessel operator, has announced the release date for its second quarter 2024 financial results. The company will disclose its results on August 8, 2024, before the New York market opens. Following this, EuroDry's management will host a conference call and webcast at 10:00 a.m. Eastern Time to discuss the results.
Participants can join the call using US Toll-Free (877 405 1226) or International (201 689 7823) dial-in numbers. The conference ID is 13748278. An audio webcast and slide presentation will be available on the company's website. The Q2 2024 slide presentation in PDF format will be accessible 10 minutes before the call on www.eurodry.gr.
On May 21, 2024, EuroDry (NASDAQ: EDRY) reported its financial results for Q1 2024. The company achieved net revenues of $14.4 million, a 27.2% increase from Q1 2023. However, the net loss attributable to controlling shareholders was $1.8 million ($0.65 per share), while the adjusted net loss stood at $3.2 million ($1.18 per share). The EBITDA was $2.1 million. An average of 13 vessels operated, with an average time charter equivalent rate of $12,455 per day. Notably, vessel operating expenses rose to $6.2 million due to an increased fleet size. The company also repurchased 299,646 shares worth $4.7 million under its share repurchase plan.
EuroDry (NASDAQ: EDRY), a drybulk vessel operator, will release its Q1 2024 financial results on May 21, 2024, before the New York market opens. The company will also host a conference call and webcast at 10:30 a.m. ET to discuss the results. Participants can dial in using toll-free or international numbers, or use the 'call me' option for faster connection. The webcast and accompanying slides will be available on the company's website both live and archived. The slides, in PDF format, will be accessible 10 minutes before the webcast starts.
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