earnings
confidence high
sentiment neutral
materiality 0.70
International Seaways Q4 net income $36M ($0.72/diluted); declares $0.70 combined dividend
International Seaways, Inc.
2024-FY EPS reported
$8.38
revenue$951,613,000
- Q4 net income $36M ($0.72/diluted) vs $132M ($2.68/diluted) YoY; full year $417M ($8.38/diluted) vs $556M ($11.25/diluted).
- Adjusted net income Q4 $45M; adjusted EBITDA $95M Q4 and $583M full year.
- Fleet optimization: swapped two VLCCs + $3M cash for three 2015-built MRs; acquired six modern MRs for $232M.
- Declared combined dividend $0.70/share ($0.12 regular + $0.58 supplemental), payable March 28, record March 14.
- Total liquidity $632M; net loan-to-value 15.5%; share repurchase authorization increased to $50M.