secwatch.observer — SEC 8-K summary
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Issuer:     International Seaways, Inc. (INSW)
CIK:        0001679049
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001104659-24-115068
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

International Seaways Q3 net income $92M; declares $1.20/share combined dividend
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- Net income $92M ($1.84 diluted EPS); adjusted net income $78M ($1.57 EPS); adjusted EBITDA $130M.
- Shipping revenue $225M vs $242M in Q3 2023; TCE revenue $220M vs $236M.
- Combined dividend $1.20/share ($0.12 regular + $1.08 supplemental) payable Dec 27, record Dec 13.
- Repurchased 501,646 shares for ~$25M at avg $49.81; board increased buyback to $50M.
- Sold 2008-built MR for $24M; contracted six dual-fuel LR1 vessels for ~$359M, deliveries H2 2025–Q3 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1679049/000110465924115068/0001104659-24-115068-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1679049/000110465924115068/tm2427708d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-115068

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