Overseas Shipholding Group Reports First Quarter 2019 Results

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Go back to Overseas Shipholding Group Reports First Quarter 2019 Results

Overseas Shipholding Group (OSG) Reports Q1 EPS of $0.04 on Revenues of $87.74M

May 9, 2019 7:39 AM EDT

Overseas Shipholding Group (NYSE: OSG) reported Q1 EPS of $0.04, versus $0.04 reported last year. Revenue for the quarter came in at $87.74 million, versus $101.03 million reported last year.

Net income for the first quarter 2019 was $3.2 million, or $0.04 per diluted share, compared with net income of $3.7 million, or $0.04 per diluted share, for the first quarter 2018. The Company\'s 2019 first quarter net income of $3.2 million compares to a $5.2 million loss in the 2018 fourth quarter.Shipping revenues for the first quarter 2019 were $87.7 million, down 13.2% compared with the same period in 2018. Time charter equivalent (TCE) revenues(A), a... More