Euroholdings Ltd(EHLD)
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EuroHoldings Ltd. Sets Date for the Release of Second Quarter 2025 Results
Globenewswire· 2025-08-08 13:26
Core Viewpoint - EuroHoldings Ltd. is set to release its financial results for the second quarter ended June 30, 2025, on August 12, 2025, before the market opens in New York [1] Company Overview - EuroHoldings Ltd. was formed on March 20, 2024, under the laws of the Republic of the Marshall Islands, as a holding company for three subsidiaries contributed by Euroseas Ltd. effective January 1, 2025 [6] - The company began trading on NASDAQ Capital Market under the ticker EHLD on March 17, 2025, following a spin-off from Euroseas [6] - EuroHoldings operates in the container shipping market and manages its operations through Eurobulk Ltd., which is responsible for the day-to-day management of the vessels [6] - The company has a fleet of 2 Feeder container carriers with a total carrying capacity of 3,171 TEU [6] Conference Call Details - A conference call and webcast will be held on August 12, 2025, at 10:00 a.m. Eastern Time to discuss the financial results [1] - Participants can join the call by dialing 877 405 1226 (US Toll-Free) or +1 201 689 7823 (International) and should quote "EuroHoldings" to the operator [2] - An audio webcast of the conference call will be available live and archived on the company's website [4]
Euroholdings Ltd Reports Results for the Quarter Ended March 31, 2025 and Declares First Quarterly Common Stock Dividend Following Spin - Off
Globenewswire· 2025-06-25 20:05
Core Viewpoint - Euroholdings Ltd has reported its financial results for the first quarter of 2025, highlighting a significant net income increase due to a gain from the sale of a vessel, despite a decrease in net revenues compared to the previous year [1][4][10]. Financial Highlights - Total net revenues for Q1 2025 were $2.9 million, a 24.9% decrease from $3.8 million in Q1 2024, attributed to operating only two vessels compared to three in the prior year [6][10]. - The company recorded a net income of $11.1 million for Q1 2025, compared to $1.5 million in Q1 2024, largely due to a $10.23 million gain from the sale of the vessel M/V Diamantis P [10][11]. - Adjusted net income for Q1 2025 was $0.9 million, or $0.31 per share, down from $1.5 million, or $0.54 per share, in Q1 2024 [12][39]. - Average time charter equivalent rate increased to $15,798 per day in Q1 2025, a 7.3% rise from $14,725 per day in Q1 2024 [4][6]. Recent Developments - On June 23, 2025, shareholders associated with the Pittas family sold 51.04% of the company's outstanding shares to Marla Investments Inc., an affiliate of the Latsis family, while retaining a 7.6% interest [3]. - The management team remains unchanged, with Eurobulk Ltd continuing to provide management services [3]. Operational Performance - The average number of vessels operated in Q1 2025 was 2.1, down from 3.0 in Q1 2024, impacting overall revenue generation [6][14]. - Total daily vessel operating expenses averaged $8,511 per vessel per day in Q1 2025, up from $7,492 in Q1 2024, primarily due to increased general and administrative expenses [5][6]. Fleet Profile - Euroholdings operates a fleet of 2 feeder container carriers with a total capacity of 3,171 TEU [43]. - The vessels are employed on period charters, with the fleet's average time charter equivalent rate reflecting improved market conditions [4][43].
EuroHoldings Ltd. Sets Date for the Release of First Quarter 2025 Results
Globenewswire· 2025-06-24 13:00
Group 1 - EuroHoldings Ltd. will release its financial results for Q1 2025 on June 25, 2025, after market closes in New York [1] - The Company will not host a conference call to discuss its results for the three-month period [2] - EuroHoldings Ltd. was incorporated on March 20, 2024, as a holding company for three vessel-owning subsidiaries of Euroseas Ltd. [3] Group 2 - EuroHoldings Ltd. operates a fleet of two feeder containership vessels with a cargo capacity of 40,882 dwt, or 3,171 teu [3] - The Company's operations are managed by Eurobulk Ltd., which is ISO certified [3] - EuroHoldings Ltd. is listed on the Nasdaq Capital Market under the symbol "EHLD" [4]
EuroHoldings Ltd Announces Agreement Between its Majority Shareholders and Marla Investments Inc. for 51.04% of the Company's outstanding common shares
Globenewswire· 2025-06-23 20:05
Core Viewpoint - EuroHoldings Ltd has entered into a Stock Purchase Agreement where shareholders associated with the Pittas family sold 51.04% of the company's outstanding common shares to Marla Investments Inc, affiliated with the Latsis family, marking a significant change in ownership structure [1][6]. Group 1: Transaction Details - The transaction involved the sale of 1,437,697 shares at approximately $12.90 per share in cash, with additional quarterly cash payments contingent on the continued employment of two containerships beyond their minimum charter periods [2]. - The Pittas family retained approximately 7.6% ownership in the company after the transaction [1]. Group 2: Board Changes - Following the transaction, two board members, Aristides P. Pittas and Dr. Anastasios (Tasos) Aslidis, resigned, and new members George Margaronis and Christos Triantafillidis were appointed to fill the vacancies [3][4]. - The Board unanimously approved the Company Undertakings related to the transaction, which included amending the Shareholders' Rights Plan and considering new board members suggested by the Purchaser [4]. Group 3: Company Background - EuroHoldings Ltd was incorporated on March 20, 2024, as a holding company for three vessel-owning subsidiaries and is listed on the Nasdaq Capital Market under the symbol "EHLD" [7][9]. - The company operates a fleet of two feeder containership vessels with a cargo capacity of 40,882 dwt, or 3,171 teu, managed by Eurobulk Ltd, which provides day-to-day commercial and technical management [8].
Euroseas(ESEA) - 2025 Q1 - Earnings Call Presentation
2025-06-18 13:16
Forward-Looking Statements Statements in this presentation may be "forward-looking statements" within the meaning of federal securities laws. The matters discussed herein that are forward-looking statements are based on current management expectations that involve risks and uncertainties that may result in such expectations not being realized. Actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous potential risks and uncertai ...
EuroHoldings Ltd. Initiates Review of Strategic Alternatives to Maximize Shareholder Value
Globenewswire· 2025-04-30 13:00
Core Viewpoint - EuroHoldings Ltd. has initiated a comprehensive review of strategic alternatives to maximize shareholder value following its spin-off from Euroseas Ltd. on March 18, 2025 [1][2][3] Company Overview - EuroHoldings Ltd. was incorporated on March 20, 2024, as a holding company for three vessel-owning subsidiaries of Euroseas Ltd. [4] - The company operates two feeder containership vessels with a cargo capacity of 40,882 dwt, or 3,171 teu [5] - EuroHoldings is listed on the Nasdaq Capital Market under the symbol "EHLD" [6] Financial Position - The company has a cash balance of approximately $13 million and no debt [3] - Two vessels are employed under lucrative charters through most of their remaining useful life [3] Strategic Alternatives - The Board of Directors is exploring various strategic alternatives, including potential sale, corporate acquisition, merger, partnership, or other financial transactions [1][2] - Seaborne Capital Advisors has been retained as a financial advisor to assist in the evaluation process [1] Management's Perspective - The management team is actively evaluating business strategies to enhance shareholder value and will assess value creation opportunities relative to the company's long-term potential [3]