Costamare Inc reported in the forth quarter of 2023 net earnings per share of $2.95 a decrease by -30.75 % year on year from $4.26 and an improvement compare to net loss per share of $0.00 realized in previous quarter.
forth quarter of 2023
Earnings Per Share
Revenues
$ 2.95
$
1,511 Mill
$-1.31-30.75 %
$+398M+35.69 %
Costamare Inc 's Revenue
rose by
35.69 % in forth quarter of 2023 (Dec 31 2023) year on year,
to $1,511 million and
advanced by
sequentially.
Costamare Inc 's net income of $381.019 million in the forth quarter of 2023 decreased by -31.31 % from net earnings of $554.692 million achieved in IV. Quarter a year ago.
Sequentially
Company turn into Profitability from net loss of $0.000 million recorded in previous quarter.
Costamare Inc Inventories Inventories grew by 118.5 % to $61 million from IV. Quarter a year ago, sequentially inventories fell by 0 %.
CMRE's Cash flow
In the forth quarter of 2023 company's net cash flow was $14 million
Costamare Inc
payed out dividend of $0.97 per share in the last 52 weeks representing 32.88 % of net earning per share in trailing twelve-month period.
During the same period Costamare Inc had $ 2.75 cash flow per share, on a free-cash flow basis
93.37 % of net earning per share.
Book value fell by 0.00 % sequentially to $20.27 per share.
Tangible Book value fell to $ 20.27 per share from $ 20.27.
Company
repurchased 0.00 million shares or 0.00 % in Dec 31 2023.
Costamare Inc. (CMRE), a leading provider of container ships for charter, recently announced its financial results for the fourth quarter (Q4) of 2023 and the entire fiscal year ended December 31, 2023. In the Q4 2023, CMRE reported earnings per share (EPS) of $2.95 and revenue of $0.00 million. This represents a significant drop in EPS compared to the corresponding time-frame a year before when the company earned $4.26 per share. However, there was a notable increase of 35.691% in revenue for the same period. Despite the challenging environment for marine transportation companies, CMRE thrived in the fourth quarter of 2023 while other entities in the industry experienced declining revenue and dwindling ...