Costamare Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 01, 2023 at 06:54 am EDT
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Costamare Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 400.37 million compared to USD 289.49 million a year ago. Net income was USD 60.09 million compared to USD 115.49 million a year ago. Basic earnings per share from continuing operations was USD 0.45 compared to USD 0.89 a year ago.
For the nine months, revenue was USD 1,016.56 million compared to USD 848.43 million a year ago. Net income was USD 276.34 million compared to USD 360.52 million a year ago. Basic earnings per share from continuing operations was USD 2.13 compared to USD 2.74 a year ago.
Costamare Inc is a Monaco-based company that provides containerships and dry bulk vessels for charter. The Company is an international shipping industry that offers a fleet of 73 containerships, with a total capacity of approximately 537,000 TEU (including two vessels that have agreed to sell) and 45 dry bulk vessels with a total capacity of approximately 2,436,000 DWT. Its offers containerships of various sizes (including feeder, panamax and post-panamax containerships) serve short, medium, and long-haul routes on a variety of geographical trades. Its dry bulk vessels transport a broad range of bulks such as iron ore, coal, and grains as well as minor bulks such as bauxite, phosphate fertilizers and steel products. The Company serve its customer's needs worldwide and ensure the safety, reliability, and environmental responsibility of services.
COSTAMARE INC. 
