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 Ltd. (NASDAQ: EDRY) announced a notice of redemption for its Series B Preferred Shares at par, effective around December 20, 2021. The Preferred Shares, which had an 8% dividend until January 2023, will now see the company eliminate these payments, enhancing common shareholders' earnings by approximately $0.38 in 2022 and $0.67 annually thereafter. This move simplifies EuroDry's capital structure and reduces funding costs. The company operates a fleet of nine drybulk vessels, contributing to its position within the dry cargo shipping market.
EuroDry Ltd. (EDRY) reported significant financial improvements for Q3 2021, with net revenues of $19.5 million, up 186.4% from Q3 2020. Net income attributable to common shareholders was $11.8 million, equating to $4.47 earnings per share. Adjusted net income was $10.1 million or $3.84 per share. The company also declared a $0.3 million dividend on Series B Preferred Shares. In recent developments, EuroDry drew a $9 million loan secured by its vessels and plans to redeem outstanding Series B shares, enhancing shareholder value in 2022.
On November 5, 2021, EuroDry Ltd. (NASDAQ: EDRY) announced the upcoming release of its financial results for Q3 2021, scheduled for November 10, 2021, after market close. A conference call will follow on November 11, 2021, at 10 a.m. ET, where management will discuss the results. Participants can join via provided dial-in numbers or through the company's website, where slides and an audio webcast will also be available. EuroDry operates a fleet of 9 drybulk vessels with a total cargo capacity of 668,631 dwt.
EuroDry Ltd. (NASDAQ: EDRY) has announced its acquisition of M/V Asia Ruby II, a 62,996 dwt drybulk vessel built in 2014, for $24.5 million. The delivery is expected between late September and early October 2021. The financing will be through the company's funds and a bank loan. This acquisition aims to enhance EuroDry's fleet amid supportive market fundamentals, potentially increasing net income and EBITDA. Following this acquisition, EuroDry will operate a fleet of 9 vessels with a total cargo capacity of 668,631 dwt.
EuroDry Ltd. (NASDAQ: EDRY) reported strong Q2 2021 results with net revenues of $14.1 million, a 250.7% increase from $4.0 million in Q2 2020. The company achieved net income of $1.9 million, or $0.83 per share, compared to a net loss of $4.2 million in the same period last year. Adjusted net income was $6.6 million, or $2.81 per share. The average time charter rate increased significantly to $22,614 per day. Recent developments include the acquisition of M/V Blessed Luck for $12.12 million, contributing to a positive outlook amid a recovering drybulk market.
EuroDry Ltd. (NASDAQ: EDRY) is set to release its financial results for Q2 2021 on August 4, 2021, after market close. A conference call will be held on August 5, 2021, at 9:30 a.m. ET to discuss these results. Interested participants can join the call using specified dial-in numbers or listen to an archived audio file on EuroDry's website. EuroDry operates a fleet of 8 drybulk carriers with a total cargo capacity of 605,635 dwt, providing vital seaborne transportation services.
EuroDry Ltd. (EDRY) reported Q1 2021 net revenues of $8.6 million, marking a substantial 69.3% increase year-over-year. The company achieved a net income of $0.9 million, resulting in earnings per share of $0.19. Adjusted EBITDA rose to $4.0 million from $0.6 million in Q1 2020. EuroDry announced the acquisition of M/V Blessed Luck for $12.12 million, expected to enhance the fleet to eight vessels and generate an additional $4 million in EBITDA. The acquisition will be financed by a combination of loans and cash, with a charter agreement set at $19,500/day.
EuroDry Ltd. (NASDAQ: EDRY) will release its financial results for Q1 2021 on May 20, 2021, before the market opens. The management will host a conference call and webcast at 9:30 a.m. ET on the same day to discuss these results. Interested participants can dial in 10 minutes prior to the call using various international numbers, including a US toll-free option. A telephonic replay will be accessible until May 27, 2021. The investor relations section of EuroDry's website will provide the slide presentation in PDF format.
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