Financial Data and Key Metrics Changes - The company generated a net income of approximately €95,000,000 for the first quarter of 2025, translating to $0.79 per share, while the adjusted net income was €73,000,000 or $0.61 per share [3][6] - Liquidity stands above $1,000,000,000 [6] Business Line Data and Key Metrics Changes - The spin-off of Costamare Bulkers, which includes 37 owned dry bulk vessels, has been successfully completed, allowing both companies to pursue distinct strategic initiatives [3][4] - For the containership market, the fleet employment rate is at 73% for 2025 and 2026, with total contracted revenues amounting to €2,300,000,000 and a remaining time charter duration of approximately 3.3 years [4][7] - In the dry bulk sector, the Capesize market rebounded strongly in March, while Panamax activity increased post-Chinese New Year due to recovering grain flows [5] Market Data and Key Metrics Changes - The commercially idle fleet in the containership market remains below 1%, indicating a fully employed market [4] - Charter rates in the dry bulk market have recovered from their lows in February, with the order book at around 10% of the total fleet [10] Company Strategy and Development Direction - The spin-off is expected to unlock hidden value and better position both companies in their respective markets [3] - The company is focusing on acquiring larger vessels in the dry bulk sector, subject to market conditions [8] Management's Comments on Operating Environment and Future Outlook - Geopolitical challenges and economic uncertainties are impacting global trade, but demand for containership vessels has maintained momentum [4] - Proposed USTR fees may initially create inefficiencies but could also boost demand in the current strong market dynamics [10] Other Important Information - The company has refinanced its contingency vessel with no increased leverage and has no major maturities until 2027 [8] - Total investments and commitments for Neptune Multi Time Leasing exceed $530,000,000, indicating a healthy pipeline [5][9] Q&A Session Summary - No questions were raised during the Q&A session, and the call concluded without further inquiries [12][14]

Financial Data and Key Metrics Changes - The company generated a net income of approximately €95,000,000 for the first quarter, translating to $0.79 per share, while adjusted net income was €73,000,000 or $0.61 per share [3][6] - Liquidity stands above $1,000,000,000 [6] Business Line Data and Key Metrics Changes - The spin-off of Costamare Bulkers, which includes 37 owned dry bulk vessels, has been successfully completed, allowing both companies to pursue distinct strategic initiatives [3] - For the containership market, the fleet employment stands at 73% for 2025 and 2026, with total contracted revenues amounting to €2,300,000,000 and a remaining time charter duration of approximately 3.3 years [4][7] - In the drybulk sector, the Capesize market rebounded strongly in March, while Panamax activity increased post-Chinese New Year due to recovering grain flows [5] Market Data and Key Metrics Changes - The commercially idle fleet in the containership market remains below 1%, indicating a fully employed market [4] - Charter rates in the drybulk market have recovered from their lows in February, with the order book at around 10% of the total fleet [10] Company Strategy and Development Direction - The spin-off is expected to unlock hidden value and better position the two separate companies in their respective markets [3] - The company is focusing on acquiring larger vessels in the drybulk sector, subject to market conditions [8] Management's Comments on Operating Environment and Future Outlook - Geopolitical challenges and economic uncertainties are impacting global trade, yet demand for containership vessels has maintained momentum [4] - Proposed USTR fees may lead to fleet redeployments and network reorganizations, potentially creating inefficiencies that could boost demand [4][10] Other Important Information - The company has refinanced its contingency vessel with no increased leverage and has no major maturities until 2027 [8] - Total investments and commitments for Neptune Multi Time Leasing exceed $530,000,000, indicating a healthy pipeline [5][9] Q&A Session Summary - No questions were raised during the Q&A session, and the call concluded without further inquiries [11][12]

Core Viewpoint - Costamare reported quarterly earnings of $0.61 per share, exceeding the Zacks Consensus Estimate of $0.52 per share, but down from $0.63 per share a year ago, indicating a 17.31% earnings surprise [1][2] Financial Performance - The company achieved revenues of $443.61 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 7.50%, although this is a decrease from $475.43 million in the same quarter last year [2] - Over the last four quarters, Costamare has consistently exceeded consensus EPS and revenue estimates [2] Stock Performance - Costamare shares have declined approximately 45.1% year-to-date, contrasting with the S&P 500's decline of 4.3% [3] - The stock currently holds a Zacks Rank of 4 (Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.59 on revenues of $426.85 million, and for the current fiscal year, it is $2.43 on revenues of $1.74 billion [7] - The trend of estimate revisions for Costamare has been unfavorable leading up to the earnings release [6] Industry Context - The Transportation - Shipping industry, to which Costamare belongs, is currently ranked in the bottom 11% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and earnings estimate revisions, which could impact Costamare's stock performance [5]

First Quarter 2025 Financial Results Conference Call May 8, 2025 Forward-Looking Statements This presentation contains certain "forward-looking statements" (as such term is defined in Section 21E of the Securities Exchange Act of 1934, as amended). All statements, other than statements of historical facts, that address activities, events or developments that Costamare Inc. (the "Company") expects, projects, believes or anticipates will or may occur in the future, including, without limitation, future operat ...

EXHIBIT 99.1 Costamare Inc. Reports Results for the First Quarter Ended March 31, 2025 MONACO, May 08, 2025 (GLOBE NEWSWIRE) -- Costamare Inc. ("Costamare" or the "Company") (NYSE: CMRE) today reported unaudited financial results for the first quarter ended March 31, 2025 ("Q1 2025"). I. PROFITABILITY AND LIQUIDITY II. COMPLETION OF SPIN-OFF OF COSTAMARE'S DRY BULK BUSINESS As announced on May 7, 2025, the spin-off of Costamare's dry bulk business into a standalone public company (the "Spin-Off") was comple ...

MONACO, May 08, 2025 (GLOBE NEWSWIRE) -- Costamare Inc. (“Costamare” or the “Company”) (NYSE: CMRE) today reported unaudited financial results for the first quarter ended March 31, 2025 (“Q1 2025”). I. PROFITABILITY AND LIQUIDITY Q1 2025 Net Income available to common stockholders of $95.0 million ($0.79 per share).Q1 2025 Adjusted Net Income available to common stockholders1 of $73.3 million ($0.61 per share).Q1 2025 liquidity of $1,022.6 million2. II. COMPLETION OF SPIN-OFF OF COSTAMARE’S DRY BULK BUSINES ...

MONACO , May 07, 2025 (GLOBE NEWSWIRE) -- Costamare Inc. (NYSE:CMRE) (the “Company”) announced today that it has completed the spin-off of its dry bulk business into a standalone public company, Costamare Bulkers Holdings Limited (“Costamare Bulkers”). Each holder of Costamare Inc. common shares received one common share of Costamare Bulkers Holdings Limited for every five Costamare Inc. common shares held as of the close of business on April 29, 2025. The successful execution of the Costamare Bulkers spin- ...

Earnings Release: Thursday, May 8, 2025, Before Market OpensConference Call and Webcast: Thursday, May 8, 2025, at 8:30 a.m. ET MONACO, May 06, 2025 (GLOBE NEWSWIRE) -- Costamare Inc. (NYSE:CMRE) (the “Company”), announced today that it will release its results for the first quarter ended March 31, 2025 before the market opens in New York on May 8, 2025. Conference Call Details: On Thursday, May 8, 2025 at 8:30 a.m. ET, Costamare’s management team will hold a conference call to discuss the financial result ...

Core Viewpoint - The market anticipates Costamare (CMRE) will report a year-over-year decline in earnings due to lower revenues for the quarter ended March 2025, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - Costamare is expected to post quarterly earnings of $0.52 per share, reflecting a year-over-year decrease of 17.5% [3]. - Revenues are projected to be $412.67 million, down 13.2% from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised 17% higher in the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for Costamare is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +6.80% [10][11]. Earnings Surprise Prediction - A positive Earnings ESP reading suggests a potential earnings beat, especially when combined with a strong Zacks Rank [8]. - However, Costamare currently holds a Zacks Rank of 4, complicating the prediction of an earnings beat despite the positive Earnings ESP [11]. Historical Performance - In the last reported quarter, Costamare exceeded the expected earnings of $0.66 per share by delivering $0.69, resulting in a surprise of +4.55% [12]. - The company has beaten consensus EPS estimates in each of the last four quarters [13]. Industry Context - In the Zacks Transportation - Shipping industry, Ardmore Shipping (ASC) is expected to report earnings of $0.15 per share, indicating a year-over-year decline of 83.7% [17]. - Ardmore Shipping's consensus EPS estimate has been revised 37.8% lower in the last 30 days, leading to an Earnings ESP of -10.35% [18].

Core Viewpoint - Costamare Inc. has announced the spin-off of its dry bulk business into a new entity, Costamare Bulkers Holdings Limited, with the transaction expected to be completed on May 6, 2025 [1][4][6]. Spin-off Details - The spin-off will be executed through a pro rata distribution, where shareholders of Costamare Inc. will receive one share of Costamare Bulkers for every five shares of Costamare Inc. they hold as of the record date, April 29, 2025 [5][6]. - The timeline for the spin-off includes several key dates: - April 29, 2025: Record date and start of "due-bill" trading for Costamare Inc. shares - May 1, 2025: Start of "when-issued" trading for Costamare Bulkers shares and "ex-distribution" trading for Costamare Inc. shares - May 6, 2025: Distribution of Costamare Bulkers shares and end of "due-bill," "when-issued," and "ex-distribution" trading - May 7, 2025: Regular trading of Costamare Bulkers shares begins [3][4][5]. Company Profiles - Costamare Bulkers Holdings Limited will operate as an international owner and operator of dry bulk vessels, with a fleet of 38 vessels totaling approximately 3,017,000 deadweight tons (dwt) [7]. - Costamare Inc. is a leading owner and provider of containerships, with a fleet of 68 owned containerships and a total capacity of approximately 513,000 twenty-foot equivalent units (TEU) [8].