Navigator Holdings Ltd. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
March 13, 2024 at 04:37 pm EDT
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Navigator Holdings Ltd. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 141.63 million compared to USD 123.29 million a year ago. Revenue was USD 141.63 million compared to USD 123.29 million a year ago. Net income was USD 17.75 million compared to USD 9.97 million a year ago. Basic earnings per share from continuing operations was USD 0.24 compared to USD 0.13 a year ago. Diluted earnings per share from continuing operations was USD 0.24 compared to USD 0.13 a year ago.
For the full year, sales was USD 550.74 million compared to USD 473.79 million a year ago. Revenue was USD 550.74 million compared to USD 473.79 million a year ago. Net income was USD 82.26 million compared to USD 53.47 million a year ago. Basic earnings per share from continuing operations was USD 1.11 compared to USD 0.69 a year ago. Diluted earnings per share from continuing operations was USD 1.1 compared to USD 0.69 a year ago.
Navigator Holdings Ltd. is a United Kingdom-based owner and operator of liquefied gas carriers. The Company is engaged in the seaborne transportation services of petrochemical gases, such as ethylene and ethane, liquefied petroleum gas (LPG) and ammonia. It also owns a 50% share in an ethylene export marine terminal at Morganâs Point, Texas on the Houston Ship Channel, United States. The Companyâs fleet consists of 56 semi-or fully refrigerated liquefied gas carriers, 25 of which are ethylene and ethane capable. The Company plays a role in the liquefied gas supply chain for energy companies, industrial consumers and commodity traders with its vessels. Its services include Maritime Logistics, Ship Shore Infrastructure and Consultancy, New Trends. It unlocks the possibilities of participating in global trade flows of liquefied gases, including propane, butane, ethane and petrochemical gases, such as ethylene, propylene and butadiene, and ammonia.
NAVIGATOR HOLDINGS LTD. 
