secwatch.observer — SEC 8-K summary
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Issuer:     International Seaways, Inc. (INSW)
CIK:        0001679049
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001104659-23-115010
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

International Seaways Q3 net income $98M ($1.99/sh); declares combined dividend $1.25/sh
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- Net income $97.9M ($1.99 diluted EPS) vs $113.4M ($2.28) in Q3 2022; adjusted net income $100.7M ($2.04).
- Shipping revenues $241.7M vs $236.8M YoY; TCE revenues $236M; Adjusted EBITDA $150.9M vs $157.1M.
- Declared combined dividend $1.25/share ($0.12 regular + $1.13 supplemental), payable Dec 27, 2023, record Dec 13.
- Repurchased 366,483 shares YTD at avg $38.03; $50M buyback authorization extended to end of 2025.
- Ordered four LR1 newbuildings (~$231M total); sold two 2008 MRs; prepaid $316M debt YTD; cash breakeven cut to ~$14,750/day.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1679049/000110465923115010/0001104659-23-115010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1679049/000110465923115010/tm2330033d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-115010

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