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Ardmore Shipping Corp  (ASC)
Other Ticker:  
 
 
Price: $16.2700 $-0.29 -1.751%
Day's High: $16.64 Week Perf: 2.59 %
Day's Low: $ 16.20 30 Day Perf: 0.12 %
Volume (M): 415 52 Wk High: $ 17.17
Volume (M$): $ 6,750 52 Wk Avg: $13.87
Open: $16.56 52 Wk Low: $11.59



 Market Capitalization (Millions $) 680
 Shares Outstanding (Millions) 42
 Employees 802
 Revenues (TTM) (Millions $) 396
 Net Income (TTM) (Millions $) 117
 Cash Flow (TTM) (Millions $) -4
 Capital Exp. (TTM) (Millions $) 0

Ardmore Shipping Corp

We commenced business operations in April 2010 through our predecessor company with the goal of building an enduring product and chemical tanker company that emphasizes service excellence, innovation, and operational efficiency through our focus on high quality, fuel-efficient vessels. We are led by a team of experienced senior managers who have previously held senior management positions with highly regarded public shipping companies and financial institutions.

We are strategically focused on modern, fuel-efficient, mid-size product and chemical tankers. We actively pursue opportunities to exploit the overlap we believe exists between the clean petroleum product (“CPP”) and chemical sectors in order to enhance earnings, and also seek to engage in more complex CPP trades, such as multi-grade and multi-port loading and discharging operations, where our knowledge of chemical operations is beneficial to our CPP customers.


Our fuel-efficient operations are designed to enhance our investment returns and provide value-added service to our customers. We believe we are on the forefront of fuel efficiency and emissions reduction trends and are well positioned to capitalize on these developments by (a) constructing new economically advanced vessels (“Eco-design”), (b) modifying existing vessels to improve fuel efficiency (“Eco-mod”) and (c) equipping our fleet with engine diagnostic and ship performance management systems to optimize voyage performance. As a result, we have reduced the fuel consumption of our Eco-mod vessels which, in some cases, achieve performance close to that of new Eco-design vessels. Our acquisition strategy is to build our fleet with Eco-design newbuildings and modern second-hand vessels that can be upgraded to Eco-mod.


We have no related-party transactions concerning our vessel operations. Certain of our wholly-owned subsidiaries carry out our management and administrative services, with ASBL providing our management services and associated functions, ASSIL providing our corporate, accounting, fleet administration and operations services and ASA and ASUS performing our commercial management and chartering services. Technical management of our vessels is performed by a combination of ASSIL and our third-party technical managers. ASSIL’s operations team is directly responsible for insurance and for overseeing significant operational functions of the third-party technical managers. ASSIL’s operations team also supervises the construction of our newbuilding vessels in close coordination with the third-party supervision teams. We have a resolute focus on both high-quality service and efficient operations, and we believe that our corporate overhead and operating expenses are among the lowest of our peers.


We are commercially independent, as we have no blanket employment arrangements with third-party or related-party commercial managers. We market our services both directly to a broad range of customers, including oil majors, national oil companies, oil and chemical traders, chemical companies, and a range of pooling service providers. We monitor the tanker markets to understand and best utilize our vessels and may change our chartering strategy to take advantage of changing market conditions.


We believe that the market for mid-size product and chemical tankers has recovered from cyclical lows, resulting from strong underlying demand growth driven by both cyclical and secular trends, as well as a reduction in the supply overhang due to reduced ordering activity and an extended period of fleet growth at a rate below that of demand growth. We believe that we are well positioned to benefit from the market recovery with a modern, fuel-efficient fleet, access to capital for growth, a diverse and high-quality customer base, an emphasis on service excellence in an increasingly demanding regulatory environment and a relative cost advantage in assets, operations and corporate overhead.



   Company Address: Belvedere Building, 69 Pitts Bay Road, Ground Floor Pembroke 0
   Company Phone Number: 405-7800   Stock Exchange / Ticker: NYSE ASC
   ASC is expected to report next financial results on March 23, 2024.


Customers Net Income grew by ASC's Customers Net Profit Margin grew to

84.61 %

8.53 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
LPG   -1.17%    
SFL   -4.51%    
SGLY        5.53% 
TK        1.83% 
TNK        4.54% 
• View Complete Report
   



Ardmore Shipping Corp

Ardmore Shipping Corp Reports 23.01% Decline in Income per Share in Q4 20232.

As a financial journalist for the , I have been closely following the recent financial results of Ardmore Shipping Corp. The company's most recent fiscal period saw a significant decrease in both revenue and profits, with income falling by -23.01% to $2.71 per share and revenue declining by -11.164% year on year.
In the financial three months ending December 31, 2023, revenue dropped to $395.98 million from $445.74 million in the same period a year before. Net income also decreased to $116.808 million, representing a -15.63% decline from the previous year. Operating margin for Ardmore Shipping Corp fell to 37.23%, while net margin shrank to 29.5% in the fourth quarter of 2023.






 

Ardmore Shipping's Segments
 
 
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