Overseas Shipholding Group, 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 115.44 million compared to USD 123.06 million a year ago. Net income was USD 17.59 million compared to USD 13.25 million a year ago. Basic earnings per share from continuing operations was USD 0.22 compared to USD 0.15 a year ago. Diluted earnings per share from continuing operations was USD 0.22 compared to USD 0.15 a year ago.
For the nine months, revenue was USD 335.85 million compared to USD 345.04 million a year ago. Net income was USD 42.03 million compared to USD 16.48 million a year ago. Basic earnings per share from continuing operations was USD 0.52 compared to USD 0.19 a year ago. Diluted earnings per share from continuing operations was USD 0.51 compared to USD 0.18 a year ago.