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Navios Maritime (NM) Stock News

NM NYSE
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Navios Maritime Holdings (NYSE: NM) filed its Annual Report on Form 20-F for the fiscal year ending December 31, 2022, with the SEC. This report is accessible on their website under the 'Investors' section. Shareholders can request a hard copy of the audited financial statements at no charge by contacting the company directly. Navios Holdings has a controlling interest in Navios South American Logistics Inc. and holds an interest in Navios Maritime Partners L.P., both of which are significant players in the logistics and shipping sectors.

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Navios Maritime Holdings reported its Q4 2022 and full-year 2022 results on March 9, 2023. The company achieved a net income of $87.3 million for FY 2022, contrasted with a loss in the previous year. Q4 2022 revenue reached $52.6 million, up from $49.2 million in Q4 2021. The EBITDA for FY 2022 was $355.1 million, showing strong overall performance. Navios Logistics experienced a 20% increase in adjusted EBITDA to $94.1 million, driven by significant growth in port transshipments and rising cargo volumes. The company focuses on expanding its logistics operations in the Hidrovia region following the sale of its drybulk fleet.

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