International Seaways Reports First Quarter 2021 Results

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Go back to International Seaways Reports First Quarter 2021 Results

International Seaways (INSW) Tops Q1 EPS by 7c, Revenues Miss

May 6, 2021 7:56 AM EDT

International Seaways (NYSE: INSW) reported Q1 EPS of ($0.48), $0.07 better than the analyst estimate of ($0.55). Revenue for the quarter came in at $46.76 million versus the consensus estimate of $48.84 million.

The first quarter was transformational for Seaways, as we took important steps to unlock shareholder value, said Lois Zabrocky, INSWs President and CEO. We entered into an accretive merger that will combine two leading U.S.-based diversified tanker owners to create an industry bellwether with significantly enhanced scale and capabilities. Among the benefits of this transaction, we expect to... More