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Genco Shipping and Trading Limited  (GNK)
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Genco Shipping and Trading Limited

GNK's Financial Statements and Analysis



Genco Shipping and Trading Limited reported in the forth quarter of 2023 net earnings per share of $0.12 a decrease by -82.69 % year on year from $0.67 and an improvement compare to net loss per share of $-0.75 realized in previous quarter.


forth quarter of 2023
Earnings Per Share Revenues
$ 0.12 $  116 Mill
$-0.55     -82.69 % $-11M     -9.02 %



Genco Shipping And Trading Limited's Revenue fell by -9.02 % in forth quarter of 2023 (Dec 31 2023) year on year, to $116 million and advanced by 38.57 % sequentially.


Genco Shipping And Trading Limited is

More on GNK's Income Statement



Genco Shipping And Trading Limited's net income of $5.107 million in the forth quarter of 2023 decreased by -82.28 % from net earnings of $28.826 million achieved in IV. Quarter a year ago.

Sequentially Company turn into Profitability from net loss of $-31.864 million recorded in previous quarter.

More on GNK's Growth

Genco Shipping And Trading Limited Inventories
Inventories grew by 23.83 % to $27 million from IV. Quarter a year ago, sequentially inventories fell by -2.97 %. In Dec 31 2023 company's net cash and cash equivalents decreased by $-5 million

More on GNK's Cash flow Statement


Genco Shipping and Trading Limited payed out dividend of $0.95 per share in last 52 weeks

In trailing twelve-month period Genco Shipping and Trading Limited earned $ 2.14 cash per share, on a free-cash flow basis .

Book value fell by -0.39 % sequentially to $21.32 per share, -27.08% of net loss per share in trailing twelve-month period were subtructed from shareholder value.
Tangible Book value fell to $ 21.32 per share from $ 21.40.

Company issued 0.08 million shares or 0.20 % in Dec 31 2023.


More on GNK's Dividends

 Market Capitalization (Millions) 876
 Shares Outstanding (Millions) 43
 Total Debt (Millions $) 190
 Revenue (TTM) (Millions $) 384
 Net Income (TTM) (Millions $) -12
 Cash Flow (TTM) (Millions $) -17
 Capital Exp. (TTM) (Millions $) -3
 Dividend TTM ($) 0.95 $
 Dividend Yield TTM (%) 2.94 %
 Employees (TTM) $ 1,530




Genco Shipping and Trading Limited payed out dividend of $0.95 per share in the last 52 weeks

In trailing twelve-month period Genco Shipping and Trading Limited had $ 2.14 cash flow per share, on a free-cash flow basis .

Book value fell by -0.39 % sequentially to $21.32 per share, -27.08% of net loss per share in trailing twelve-month period were subtructed from shareholder value.
Tangible Book value fell to $ 21.32 per share from $ 21.40.

Company issued 0.08 million shares or 0.20 % in Dec 31 2023.


More on GNK's Balance Sheets

 Market Capitalization (Millions) 876
 Shares Outstanding (Millions) 43
 Total Debt (Millions $) 190
 Revenue (TTM) (Millions $) 384
 Net Income (TTM) (Millions $) -12
 Cash Flow (TTM) (Millions $) -17
 Capital Exp. (TTM) (Millions $) -3
 Dividend TTM ($) 0.95 $
 Dividend Yield TTM (%) 2.94 %
 Employees (TTM) $ 1,530
   


  News about Genco Shipping and Trading Limited Earnings

2. Genco Shipping And Trading Limited Faces Steep Decline in Fourth Quarter Financial Results

The recent financial results of Genco Shipping And Trading Limited have revealed significant weaknesses and concerns, pointing towards a bearish outlook for the company. The fourth quarter of 2023 saw a decline in revenue by -9.022% to $115.52 million compared to the same period of the previous year. This resulted in a substantial decrease in the bottom line, as earnings per share tumbled by -82.69% to $0.12 per share from $0.67 per share. These figures raise doubts about the company's ability to maintain profitability and generate sufficient revenue.
The prior reporting season also showcased disappointing figures for Genco Shipping And Trading Limited. With revenue of $83.36 million and a bottom line of...

Genco Shipping And Trading Limited's Revenue Plunges: Fiscal Q3 2023 Reports



Genco Shipping and Trading Limited, a prominent marine transportation company, recently reported disappointing financial results for the July to September 2023 period. The company's revenue witnessed a significant decline of -38.692% to $83.36 million, while it recorded a net loss per share of $-0.75, compared to $0.95 in the same three months the previous year. Analysts noted that these figures signify a worrying trend for Genco Shipping and Trading Limited, as it marks a significant deterioration from the previous reporting season, with EPS falling from $0.27 per share and revenue deteriorating by -7.945% from $90.56 million.
Revenue Meltdown
The noteworthy decline in revenue is alarming ...

Genco Shipping And Trading Limited Reports Serious Revenue Decline for Q2 2023, Casting Doubt on Future Growth

Genco Shipping And Trading Limited (GNK), a leading global provider of dry bulk shipping services, recently released its financial results for the second quarter of 2023. The company experienced a significant decline in earnings per share (EPS), revenue, and net profits compared to the same period a year before. However, there were signs of improvement when compared to the previous quarter.
In the second quarter of 2023, GNK's EPS dropped by an alarming 75.45% to $0.27 per share, a sharp contrast to the $1.10 per share earned a year before. On the positive side, the company's EPS more than doubled by 350% from the preceding quarter's $0.06 per share, which suggests a recovery from a recent dip in profita...

Demanding three months for the company in the fiscal first quarter of 2023

Genco Shipping And Trading Limited is a company that specializes in transporting dry bulk cargoes worldwide, including iron ore, coal, grain, steel products, cement, and fertilizers. The company operates a fleet of over 40 vessels in total, consisting of capesize, ultramax, supramax, and handysize vessels.
However, the latest financial report of Genco Shipping And Trading Limited revealed a significant drop in revenue and profitability for the fiscal first quarter of 2023. The company's revenue reduced by -30.711% compared to the same period last year, falling from $136.23 million to $94.39 million. This resulted in a fall in profitability by -93.81%, with a net income of $2.860 million compared to $41.8...


Date modified: 2024-02-28T15:05:38+00:00





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