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Genco Shipping & Trading (GNK) - 2024 Q1 - Earnings Call Transcript
2024-05-09 15:30
Company Participants Conference Call Participants Operator Before we begin, please note that there will be a slide presentation accompanying todayÂ's conference call. That presentation can be obtained from GencoÂ's website at www.gencoshipping.com. To inform everyone, todayÂ's conference is being recorded and is now being webcast at the CompanyÂ's website, www.gencoshipping.com. At this time, I will now turn the conference over to the Company. Please go ahead. For a discussion of factors that could cause re ...
Genco Shipping & Trading (GNK) - 2024 Q1 - Earnings Call Presentation
2024-05-09 13:13
GENCO SHIPPING & TRADING LIMITED Q1 2024 Earnings Presentation May 9th, 2024 Forward Looking Statements "Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995 This presentation contains contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements use words such as "anticipate," "budget," "estimate," "expect," "project," "intend," "plan," "believe," and other words and terms ...
Genco Shipping & Trading (GNK) Tops Q1 Earnings and Revenue Estimates
Zacks Investment Research· 2024-05-08 23:20
Genco Shipping & Trading (GNK) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.52%. A quarter ago, it was expected that this transporter of drybulk cargo would post earnings of $0.37 per share when it actually produced earnings of $0.43, delivering a surprise of 16.22%.Over the last ...
Genco Shipping & Trading (GNK) - 2024 Q1 - Quarterly Results
2024-05-08 21:03
Exhibit 99.1 GENCO SHIPPING & TRADING LIMITED ANNOUNCES Q1 2024 FINANCIAL RESULTS Declares Dividend of $0.42 per share for Q1 2024; Represents Genco’s 19th Consecutive Quarterly Dividend Totaling $5.575 Per Share New York, New York, May 8, 2024 – Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today reported its financial results for the three months March 31, 2024. First Quarter 202 ...
Genco Shipping & Trading (GNK) - 2024 Q1 - Quarterly Report
2024-05-08 21:01
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ⌧ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ◻ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-33393 GENCO SHIPPING & TRADING LIMITED (Exact name of registrant as specified in its charter) Republic of the Marshall Is ...
Genco Shipping & Trading Limited Highlights ISS Recommendation to Vote "FOR" Each of Genco's Director Nominees
Newsfilter· 2024-05-08 20:21
NEW YORK, May 08, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) ("Genco" or the "Company"), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced that leading independent proxy advisory firm Institutional Shareholder Services ("ISS") has recommended that Genco shareholders vote "FOR" each of Genco's seven director nominees. ISS also recommended that Genco shareholders vote "WITHHOLD" on George Economou's nominee, Robert P ...
Genco Shipping & Trading Limited Files Investor Presentation Highlighting Successful Comprehensive Value Strategy
Newsfilter· 2024-05-02 20:15
Highly Qualified and Engaged Board Overseeing Sustainable, Long-Term Value Creation Urges Shareholders to Vote "FOR" the Re-Election of Genco's Nominees on the WHITE Proxy Card Today Advises Shareholders to Vote "WITHHOLD" on George Economou's Nominee, Robert Pons NEW YORK, May 02, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) ("Genco" or the "Company"), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today posted an investor prese ...
Genco Shipping & Trading (GNK) Earnings Expected to Grow: Should You Buy?
Zacks Investment Research· 2024-05-01 15:06
Genco Shipping & Trading (GNK) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on ...
Genco Shipping & Trading Limited Outlines Economou's Track Record in Letter to Shareholders
Newsfilter· 2024-04-30 20:59
The Genco Board of Directors Strongly Recommends Genco Shareholders Vote WITHHOLD on Economou's Nominee, Robert Pons Urges Shareholders to Vote "FOR" the Re-Election of Genco's Nominees on the WHITE Proxy Card Encourages Shareholders to Submit Questions for Shareholder Webcast on Wednesday, May 8, 2024 at 8:30AM ET NEW YORK, April 30, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) ("Genco" or the "Company"), the largest U.S. headquartered drybulk shipowner focused on the global transp ...
Genco Shipping & Trading Limited Shareholders Invited to Webcast with Board and Management Team
Newsfilter· 2024-04-29 12:00
NEW YORK, April 29, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) ("Genco" or the "Company"), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced that members of its Board of Directors and management team will host a webcast on Wednesday, May 8, 2024 at 8:30AM ET, in which the Company will answer questions submitted by Genco shareholders about its business, the Company's upcoming Annual Meeting and the actions the Board ...