Genco Shipping Q4 net income $12.7M ($0.29 EPS); declares $0.30 dividend; full-year adj EBITDA $151.2M up 49%

GENCO SHIPPING & TRADING LTD

2024-FY EPS reported $1.75 revenue$423,016,000

Q4 net income $12.7M ($0.29 EPS) vs $4.9M in Q4 2023; adjusted net income $12.8M.
Declared $0.30 per share dividend for Q4 2024, 22nd consecutive quarterly dividend; payable March 18, 2025.
Full-year 2024 net income $76.4M ($1.77 EPS) vs net loss $12.9M in 2023; adj EBITDA $151.2M, up 49% YoY.
Fleet TCE $18,007/day in Q4 2024; FY 2024 TCE $19,107/day (up 29% YoY).
Acquired Genco Intrepid (Capesize) for $47.5M; sold Genco Hadrian for $25M. Debt $90M, net LTV 5%.

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