ATCO - Atlas FFO of $0.71 beats by $0.07 revenue of $436.4M beats by $3.07M
- Atlas press release ( NYSE: ATCO ): Q4 FFO of $0.71 beats by $0.07 .
- Revenue of $436.4M (+1.9% Y/Y) beats by $3.07M .
- Strong financial results exceed FY2022 Revenue and EBITDA guidance
- Continued successful execution of newbuild program and optimization of capital structure.
- Adjusted EBITDA (1) increase of 1.5% to $287.7 million
- Robust balance sheet with liquidity of $980.0 million, total borrowings (1) to total assets of 53.8%
- Approximately 73% of Seaspan's total borrowings including preferred shares are fixed rate, protecting against an unpredictable inflationary and rising interest rate environment.
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Atlas FFO of $0.71 beats by $0.07, revenue of $436.4M beats by $3.07M