OSG - Overseas Shipholding GAAP EPS of $0.14 revenue of $113.8M

2023-05-08 07:36:16 ET

• Overseas Shipholding press release ( NYSE: OSG ): Q1 GAAP EPS of $0.14.
• Revenue of $113.8M (+9.4% Y/Y).
• Time charter equivalent revenues, a non-GAAP measure, for the first quarter of 2023 were $104.7 million, an increase of $10.8 million, or 11.5%, from $93.9 million in the first quarter of 2022.
• First quarter 2023 Adjusted EBITDA, a non-GAAP measure, was $40.9 million, an increase of $15.5 million, or 61.0%, from the first quarter of 2022.
• Total cash and investments were $118.9 million as of March 31, 2023.

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