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Euroseas Ltd. (ESEA) Q4 Earnings Surpass Estimates
ZACKS· 2026-02-25 18:15
Euroseas Ltd. (ESEA) came out with quarterly earnings of $4.48 per share, beating the Zacks Consensus Estimate of $4.47 per share. This compares to earnings of $3.33 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +0.22%. A quarter ago, it was expected that this company would post earnings of $4.4 per share when it actually produced earnings of $4.23, delivering a surprise of -3.86%.Over the last four quarters, the company has ...
Euroseas(ESEA) - 2025 Q4 - Earnings Call Transcript
2026-02-25 16:02
Euroseas (NasdaqCM:ESEA) Q4 2025 Earnings call February 25, 2026 10:00 AM ET Company ParticipantsAnastasios Aslidis - CFOAristides J. Pittas - Chairman and CEOCliment Molins - Head of Shipping ResearchConference Call ParticipantsMark Reichman - Senior Research Analyst, Natural ResourcesPoe Fratt - Research AnalystTate Sullivan - Managing Director and Senior Research AnalystOperatorThank you for standing by, ladies and gentlemen, and welcome to the Euroseas conference call on the fourth quarter 2025 financia ...
Euroseas(ESEA) - 2025 Q4 - Earnings Call Transcript
2026-02-25 16:00
Euroseas (NasdaqCM:ESEA) Q4 2025 Earnings call February 25, 2026 10:00 AM ET Speaker4Thank you for standing by, ladies and gentlemen, and welcome to the Euroseas conference call on the fourth quarter 2025 financial results. We have with us Mr. Aristides Pittas, Chairman and Chief Executive Officer, and Mr. Tassos Aslidis, Chief Financial Officer of the company. At this time, all participants are in a listen-only mode. There will be a presentation followed by a question-and-answer session, at which time, if ...
Euroholdings Ltd(EHLD) - 2025 Q4 - Earnings Call Transcript
2026-02-25 15:02
Euroholdings (NasdaqCM:EHLD) Q4 2025 Earnings call February 25, 2026 09:00 AM ET Company ParticipantsAnastasios Aslidis - Chief Strategy Officer and TreasurerAristides Pittas - Chairman and CEOAthina Atalioti - CFOOperatorThank you for standing by, ladies and gentlemen, and welcome to the Euroholdings Conference Call on the fourth quarter 2025 financial results. We have with us Mr. Aristidis Pittas, Chairman and Chief Executive Officer, Ms. Athina Atalioti, Chief Financial Officer, and Mr. Tasos Aslidis, Ch ...
Euroholdings Ltd(EHLD) - 2025 Q4 - Earnings Call Transcript
2026-02-25 15:02
Euroholdings (NasdaqCM:EHLD) Q4 2025 Earnings call February 25, 2026 09:00 AM ET Company ParticipantsAnastasios Aslidis - Chief Strategy Officer and TreasurerAristides Pittas - Chairman and CEOAthina Atalioti - CFOOperatorThank you for standing by, ladies and gentlemen, and welcome to the Euroholdings Conference Call on the Q4 2025 financial results. We have with us Mr. Aristides Pittas, Chairman and Chief Executive Officer, Ms. Athina Atalioti, Chief Financial Officer, and Mr. Tasos Aslidis, Chief Strategy ...
Euroholdings Ltd(EHLD) - 2025 Q4 - Earnings Call Transcript
2026-02-25 15:00
Euroholdings (NasdaqCM:EHLD) Q4 2025 Earnings call February 25, 2026 09:00 AM ET Speaker2Thank you for standing by, ladies and gentlemen, and welcome to the Euroholdings conference call on the fourth quarter 2025 financial results. We have with us Mr. Aristidis Pittas, Chairman and Chief Executive Officer, Ms. Athina Atalioti, Chief Financial Officer, and Mr. Tassos Asklidis, Chief Strategy Officer. At this time, all participants are in a listen-only mode. There will be a presentation followed by a question ...
Euroseas(ESEA) - 2025 Q4 - Earnings Call Presentation
2026-02-25 15:00
192 – 0 – 0 217 – 217 – 217 220 – 230 – 242 242 – 242 – 242 Earnings Presentation Quarter Ended December 31, 2025 1 February 25, 2026 0 – 111 – 234 0 – 61 – 128 217 – 44 – 43 154 – 172 – 204 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 expectat ...
Euroseas Ltd. Reports Results for the Year and Quarter Ended December 31, 2025
Globenewswire· 2026-02-25 13:47
Core Viewpoint - Euroseas Ltd. reported strong financial results for the fourth quarter and full year of 2025, highlighting high profitability and robust charter rates, while also addressing challenges in the containership market [4][5][6]. Fourth Quarter 2025 Financial Highlights - Total net revenues reached $57.4 million, a 7.7% increase from $53.3 million in Q4 2024, driven by higher average time charter rates despite a decrease in the average number of vessels operated [9][12]. - Net income for the quarter was $40.5 million, compared to $24.4 million in Q4 2024, with earnings per share of $5.82 (basic) and $5.79 (diluted) [7][23]. - The average time charter equivalent rate for the quarter was $30,268 per day, up from $26,479 per day in the same period last year [12][41]. - Adjusted EBITDA for Q4 2025 was $40.7 million, an increase from $32.8 million in Q4 2024 [11][22]. Full Year 2025 Highlights - Total net revenues for 2025 were $227.9 million, a 7.0% increase from $212.9 million in 2024, attributed to a higher number of vessels and increased charter rates [25]. - Net income for the year was $137.0 million, up from $112.8 million in 2024, with earnings per share of $19.73 (basic) and $19.72 (diluted) [36]. - The average time charter equivalent rate for the year was $29,107 per day, compared to $28,054 per day in 2024 [25][41]. - Adjusted EBITDA for the full year was $155.9 million, compared to $135.8 million in 2024 [35]. Fleet and Charter Coverage - The company has a charter coverage of approximately 87% for 2026 and over 71% for 2027, with contracted revenues exceeding $550 million over the next five years [5][6]. - The fleet operated an average of 22.22 vessels in 2025, compared to 21.73 vessels in 2024 [25][41]. Market Conditions and Challenges - The containership market faces challenges such as high orderbook levels in large containership segments and potential reductions in demand due to resumed traffic through the Suez Canal [6]. - Euroseas operates in the feeder and intermediate size vessel segments, which are expected to see a contraction in supply, benefiting modern vessel owners [6]. Shareholder Returns - The company declared a quarterly dividend of $0.75 per share for Q4 2025, reflecting a 7% increase and providing an annualized yield of about 5% [8]. - As of February 25, 2026, the company repurchased 480,455 shares, representing about 6.8% of outstanding shares, under a $20 million share repurchase plan [7].
Euroseas Ltd. Sets Date for the Release of Fourth Quarter 2025 Results Conference Call and Webcast
Globenewswire· 2026-02-20 15:45
ATHENS, Greece, Feb. 20, 2026 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today that it will release its financial results for the fourth quarter ended December 31, 2025, on February 25, 2026, before market opens in New York. On the same day, Wednesday, February 25, 2026, at 10:00 am Eastern Time, the Company's management will host a conference call and webcast to discuss th ...
Euroseas Ltd. Announces 2-Year Charter Contract Extension for its Feeder Containership, EM Spetses
Globenewswire· 2026-02-11 14:00
Core Viewpoint - Euroseas Ltd. has secured a new time charter contract for its feeder containership EM Spetses, which will commence on April 12, 2026, at a gross daily rate of $21,500, reflecting a significant increase from its current rate [1][2]. Group 1: Charter Contract Details - The new charter contract for EM Spetses is for a minimum of 22 months and a maximum of 24 months, depending on the charterer's option [1]. - The daily rate of $21,500 represents an increase of over $3,000 compared to the vessel's current rate [1][2]. - The charter is expected to generate approximately $8.9 million in EBITDA over the minimum contracted period [2]. Group 2: Fleet Profile and Operations - Euroseas operates a fleet of 21 vessels, including 15 feeder containerships and 6 intermediate containerships, with a total cargo capacity of 61,144 TEU [8]. - The company anticipates that after the delivery of four new intermediate containerships in 2027 and 2028, its fleet will expand to 25 vessels with a total capacity of 79,080 TEU [8]. - Euroseas' operations are managed by Eurobulk Ltd., which handles the commercial and technical management of the vessels [7]. Group 3: Market Context - The chartering market for container vessels is currently tight, with limited tonnage availability, leading to strong demand in the feeder segment [2]. - The company has increased its charter coverage for 2026, 2027, and 2028 to approximately 87%, 71%, and 41%, respectively [2].