Euroholdings Ltd(EHLD)
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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
Financial Performance (Q1 2025) - Net revenues reached $5635 million, a 206% increase compared to Q1 2024[8, 55] - Net income was $3691 million, an 846% increase compared to Q1 2024, with diluted earnings per share at $529[8, 55] - Adjusted EBITDA was $3708 million, a 507% increase compared to Q1 2024[8, 55] - Adjusted net income was $2619 million, a 416% increase compared to Q1 2024, with adjusted diluted earnings per share at $376[8, 55] Capital Allocation - A quarterly dividend of $065 per share was declared for Q1 2025[9] - The company repurchased 463,074 shares of common stock for $105 million as of June 18, 2025, under a $20 million repurchase plan[10] Fleet and Chartering - The company signed an agreement to sell M/V Marcos V for $50 million, with delivery scheduled for October 2025[12] - For 2025, 9660% of available days have been secured at an average rate of approximately $28,250 per day[18] - For 2026, approximately 666% of available days are covered at an average rate of $31,610 per day[18] Market Dynamics - In Q1 2025, average one-year time charter rates increased by 10% for feeder vessels and 4% for Panamax and post-Panamax vessels compared to Q4 2024[22] - The idle fleet, excluding vessels under repair, stood at 019 million TEU as of June 2, 2025, representing 06% of the fleet[23] Fleet Profile - The current fleet comprises 22 vessels with an average age of 128 years and a carrying capacity of 675k TEU[14] - Two new vessels, each with a capacity of 4,300 TEU, are expected to be delivered in Q4 2027[14] Euroholdings Ltd Spin-off - Euroholdings Ltd was spun off from Euroseas Ltd on March 17, 2025, with a distribution ratio of 1 share of Euroholdings for every 25 shares of Euroseas, amounting to approximately 5% of Euroseas' NAV[13]
Euroholdings Ltd(EHLD) - 2024 Q4 - Annual Report
2025-05-15 21:23
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 20-F _________________ (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...
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]