secwatch.observer — SEC 8-K summary
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Issuer:     International Seaways, Inc. (INSW)
CIK:        0001679049
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0001104659-23-089085
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 Q2 net income $154M ($3.11/diluted), declares $1.42/share dividend, stock buyback increased
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- Net income $153.8M ($3.11 diluted) vs $69.0M ($1.38) YoY; revenue $292.2M, up 55%.
- Combined dividend $1.42/share ($0.12 regular + $1.30 supplemental) payable Sept 27.
- Share repurchase authorization expanded to $50M from $26M; bought 366k shares at avg $38.03 in Q2.
- Prepaid $75M debt in Q2, $172M YTD; 30 vessels unencumbered as of July 3.
- Ordered two LR1 newbuilds for $115M; secured $352M in contracted time charter revenue.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1679049/000110465923089085/0001104659-23-089085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1679049/000110465923089085/tm2323222d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-089085

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