secwatch.observer — SEC 8-K summary
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Issuer:     International Seaways, Inc. (INSW)
CIK:        0001679049
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0001104659-22-115698
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

International Seaways Q3 net income $113.4M ($2.28/sh) vs year-ago loss; declares $1 special dividend
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- Net income $113.4M ($2.28 diluted EPS) vs net loss $67.4M (-$1.44) in Q3 2021; revenue $236.8M vs $84.8M.
- Adjusted EBITDA $157.1M vs $8.0M; TCE revenues $234.5M vs $73.0M.
- Product Carriers TCE revenues surged to $159.4M from $38.2M; crude tankers $75.2M from $34.8M.
- Board declared regular $0.12/sh and special $1.00/sh dividends, payable Dec 22 to holders of record Dec 8.
- Repurchased 687,740 shares for ~$20M at avg $29.08; redeemed $25M of 8.5% senior notes due 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1679049/000110465922115698/0001104659-22-115698-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1679049/000110465922115698/tm2229965d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-115698

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer