2023-05-23 06:35:10 ET
- Navios Maritime press release ( NYSE: NMM ): Q1 Non-GAAP EPS of $2.13 beats by $0.30 .
- Revenue of $309.5M (+30.8% Y/Y).
- CEO comment: "We are focused on reducing our leverage rate. We are modernizing our fleet by selling old vessels and acquiring new vessels and managed our net LTV down to about 42% in the first quarter of 2023 from about 45% in the fourth quarter of 2022, measured for vessels in the water. Our stated goal is to continue to reduce leverage so that our net LTV falls within the range of 20% to 25%.”
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Navios Maritime Non-GAAP EPS of $2.13 beats by $0.30, revenue of $309.5M