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Reports Third News

09 Nov 2016

DVB Plans Capital Increase

German shipping bank DVB is preparing a capital increase due to losses taken on bad loans, two sources familiar with the matter said on Wednesday. An announcement by DVB, which is owned by DZ Bank , that it will issue new shares could come on Monday when it reports third-quarter results, one of the sources said. The size of the capital increase has yet to be decided. DVB and DZ Bank, both based in Frankfurt, declined to comment on a potential capital increase, news of which was reported earlier by Boersen-Zeitung. German shipping banks like DVB, already struggling to recoup tens of billions of dollars of loans due to a global shipping industry slump, have also been hit by slowing growth in China and sluggish global trade.

23 Oct 2014

Yara Reports Strong 3Q Results

Yara International ASA delivered strong third-quarter results, with record fertilizer deliveries and continued margin benefit from lower European gas price. "Yara reports a strong third-quarter result with record deliveries, reflecting both organic growth and the Bunge acquisition in Brazil," said Torgeir Kvidal, Acting Chief Executive Officer of Yara. "Our European production plants performed well, with both higher production and improved margins as natural gas cost has declined," said Torgeir Kvidal. Yara reports third-quarter net income after non-controlling interests of NOK 1,707 million (NOK 6.18 per share), compared with NOK 1,571 million (NOK 5.66 per share) a year earlier.

07 Nov 2013

Ingalls Reports Third Quarter Results

Mike Petters, HII president and chief executive officer

Huntington Ingalls Industries (HII), a company that designs, builds and maintains nuclear and non-nuclear ships for the U.S. Navy and Coast Guard and provides after-market services for military ships around the globe, reported third quarter 2013 revenues of $1.64 billion, up 2.6% from the same period last year. Third quarter diluted earnings per share was $1.36, compared to $0.26 in the same period of 2012. Segment operating income in the third quarter was $142 million, compared to $89 million in the same period last year.

06 Nov 2013

GLDD Dredging Delivers Strong Q3 2013 Results

Photo courtesy of GLD&D

Great Lakes Dredge and Dock Corp. reports third quarter 2013 results. Dredging delivers a strong quarter with the backlog at a record high of $606-Million. The company says it is evaluating strategic alternatives for its demolition business. Revenue increased 22.4% to $198.8 million in the third quarter of 2013 compared to the third quarter of 2012, driven by the increase in coastal protection revenue and a joint Terra and Rivers & lakes remediation project. Gross profit margin…

31 Oct 2013

Intelsat Reports Third Quarter 2013 Results

Intelsat S.A., a provider of satellite services, has reported revenue of $651.8 million and net income attributable to Intelsat S.A. of $87.8 million, or $0.75 per share on a diluted basis, for the three months ended September 30, 2013. The company also reported EBITDA1, or earnings before net interest, taxes and depreciation and amortization, of $493.6 million, and Adjusted EBITDA1 of $508.4 million, or 78% of revenue, for the three months ended September 30, 2013. "Intelsat's third quarter performance was led by growth in its media and network services customer sets.

25 Oct 2013

Teledyne Reports Third Quarter Results

Teledyne today reported third quarter 2013 sales of $571.6 million, compared with sales of $547.4 million for the third quarter of 2012, an increase of 4.4%. Net income attributable to Teledyne was $46.8 million ($1.23 per diluted share) for the third quarter of 2013, compared with $42.7 million ($1.14 per diluted share) for the third quarter of 2012, an increase of 9.6%. “In the third quarter, our commercial industrial businesses collectively performed very well. As an example, our instrumentation segment generated organic revenue growth of 12.7 percent,” said Robert Mehrabian, chairman, president and chief executive officer. “Also in the quarter…

09 Nov 2012

HII Q3 2012 Reports Significant 2015 Milestones Reached

Huntington Ingalls Industries reports third quarter 2012 revenues of $1.60 billion, up 0.2 percent from the same period last year. Segment operating income in the quarter was $89 million, with a segment operating margin of 5.6 percent, compared to a loss of $187 million in the same period last year. Total operating income for the quarter was $66 million, compared to a loss of $190 million in the same period of 2011. The increase was primarily attributable to the absence in 2012 of the goodwill impairment charge recorded in 2011. Total operating margin was 4.1 percent for the quarter. Cash provided by operating activities in the third quarter was $137 million, down $95 million from the same period last year.

25 Oct 2001

Carnival Reports Third Quarter Earnings

for its third quarter ended August 31, 2001, compared to net income of $396.2 million on revenues of $1.23 billion for the same quarter in 2000. same period in 2000. increase in the company's net income from its Costa Cruises subsidiary. results. in Airtours, a European tour operator. Seabourn luxury brands. other.

24 Oct 2001

Newport News Shipbuilding Reports Third Quarter Results

Newport News Shipbuilding reported net earnings of $27 million for the third quarter of 2001. (EBIT) for the quarter were $57 million. Included in the third quarter results were approximately $4 million in merger related charges. Absent these non-operational expenses, the Company's earnings per share (EPS) were $0.93, up 39 percent from $0.67 per diluted share reported in the same period one year ago. Free cash flow for the quarter was $36 million bringing the year-to-date total to $153 million, or $4.87 per share. Revenues in the third quarter increased 17 percent to $578 million from $493 million reported in the prior year's quarter. The company reported favorable revenue comparisons across all business segments in the quarter.

25 Oct 2001

International Shipholding Corporation Reports Third Quarter Results

International Shipholding Corporation reported results for the quarter ended September 30, 2001. Net loss for the third quarter was $165,000 as compared to net income of $418,000 for the third quarter of 2000. For the nine months of 2001, International Shipholding Corporation reported a net loss of $62.9 million as compared to net income of 461,000 during the first nine months of 2000. Since the second quarter announcement, International Shipholding Corporation’s intent to dispose of certain of its assets, their Cape-size Bulk Carrier was sold during the third quarter. The process of disposing of the LASH Assets and the special purpose barges is continuing.

30 Oct 2001

Horizon Offshore Reports Third Quarter Earnings

Horizon Offshore, Inc. $2.8 million. This compares with net income of $3.7 million, for the third quarter of 2000. the third quarter of 2001, the company reported gross profit of $7.7 million, or 12.6 percent, on contract revenues of $61.0 million, compared with gross profit of $10.3 million, or 18.2 percent, on contract revenues of $56.3 million in 2000. Horizon also reported net income for the nine months ended September 30, 2001, of $10.3 million. This compares with net income of $5.0 million, for the nine months ended September 30, 2000. gross profit was $17.9 million, or 16.5 percent, on contract revenues of $108.8 million for the first nine months of 2000. "During September, we purchased the Sea Horizon, a combination derrick/lay barge.

05 Nov 2001

McDermott International Reports Third Quarter Results

McDermott International, Inc. reported net income of $19.3 million on revenues of $591.2 million for the quarter ended September 30, 2001. Earnings were up 245 percent as compared to the same quarter last year, when net income was $5.6 million. Revenues increased by more than 50 percent over the third quarter last year, when revenues were $391.0 million. Operating income was $33.6 million in the third quarter of 2001, compared to $12.7 million a year ago, a 165 percent increase quarter over quarter. For the first nine months of 2001, McDermott reported revenues of $1.52 billion and net income of $22.9 million, or $0.37 a diluted share. These results compare with revenues of $1.47 billion and net income of $3.4 million, or $0.06 a diluted share, in the same period a year ago.

19 Nov 2001

Trailer Bridge Reports Third Quarter Results

Total revenue for the three months ended September 30, 2001 was $20,052,136, as compared to $23,151,664 for the third quarter of 2000. Compared sequentially to the second quarter of 2001, total revenue decreased $1,607,048 or 7.4 percent. In the early part of the third quarter, Trailer Bridge experienced higher vessel utilization both southbound and northbound. Based upon anticipated volume and revenue levels, Trailer Bridge had anticipated that its third quarter operating results would show a meaningful improvement over the second quarter results. Instead of higher volume and revenue that would have driven improved results, the latter part of the third quarter saw decreases in vessel utilization of a magnitude that produced these sequential declines in revenue and operating income.

03 Nov 2003

Manitowoc Reports Third-Quarter Results

The Manitowoc Company, Inc. reported net sales of $422.3 million for the third quarter of 2003, increasing 7 percent from $394.9 million during the same period last year. The company also reported net earnings of $7.2 million, or $0.27 per diluted share, compared with net earnings of $14.7 million, or $0.57 per diluted share, in the third quarter of 2002. Excluding special charges totaling $2.2 million ($1.6 million net of tax), third-quarter earnings were $0.33 per diluted share. Special charges primarily included $1.2 million for restructuring charges related to rationalization and facility closures in the Crane segment and approximately $0.5 million in fees related to early debt payment.

04 Dec 2001

Trailer Bridge Reports Third Quarter Results

Trailer Bridge, Inc. reported its financial results for the third quarter ended September 30, 2001. Total revenue for the three months ended September 30, 2001 was $20,052,136, as compared to $23,151,664 for the third quarter of 2000. Compared sequentially to the second quarter of 2001, total revenue decreased $1,607,048 or 7.4 percent. In the early part of the third quarter, Trailer Bridge experienced higher vessel utilization both southbound and northbound. upon anticipated volume and revenue levels, Trailer Bridge had anticipated that its third quarter operating results would show a meaningful improvement over the second quarter results. declines in revenue and operating income. of 2000. sailings during the third quarter of 2001. period.

04 Dec 2001

Conrad Reports Third Quarter Results

Conrad Industries, Inc. $0.09 for the three months ended September 30, 2000. 2000. CFO during the third quarter. portion of the charge related to the issuance of common stock. $0.40 for the nine months ended September 30, 2001. compared to $8.9 million for the three months ended September 30, 2000. compared to $27.4 million for the nine months ended September 30, 2000. $25.4 million at September 30, 2000 and $10.9 million at June 30, 2001. revenue) for the three months ended September 30, 2000. months ended September 30, 2000. months ended September 30, 2000. 18.9% of revenue for the nine months ended September 30, 2000. Kenneth G. of the non-recurring executive compensation charge incurred in the quarter. This is very similar to the other two previous quarters of this year.

28 Nov 2001

Northern Offshore Reports Third Quarter Results

this year, mainly due to EBITDA generated from the Energy Searcher of about $950,000 and higher production volume on Northern Producer. with year 2000. For the third quarter of 2001 the net loss was $2.5 million. Net loss for nine months this year was $2.3 million compared with a profit of $19.9 last year. In addition to the difference in EBITDA as described above, the main reason for the reduced profit refers to higher profit on repurchased Bonds in 2000, partly offset by adjustment of deferred taxes in connection with the change of domicile for the company.

13 Oct 2005

OSG Sells Seven Tankers

Overseas Shipholding Group, Inc. (NYSE:OSG) announced today that it agreed to sell seven tankers to Double Hull Tankers, Inc. (DHT) in connection with DHT's initial public offering announced earlier today. In consideration, Overseas Shipholding Group, Inc. (OSG) will receive $412.6 million in cash and 14 million shares of DHT common stock, representing a 47 percent equity stake in the new tanker concern. The total proceeds to OSG value the transaction at $580.6 million, net of fees and expenses. OSG will time charter the vessels from DHT for periods of five to six and one-half years with various renewal options up to an aggregate of five to eight years depending on the vessel. The transaction is immediately accretive to earnings.

17 Oct 2002

Northrop Grumman Reports Third Quarter 2002 Earnings

Northrop Grumman Corporation has reported net income from continuing operations of $141 million for the 2002 third quarter, or $1.17 per share, on 115.2 million average diluted shares outstanding, compared with adjusted net income from continuing operations of $140 million, or $1.56 per share, on 86.4 million average diluted shares in the year ago period. These results are adjusted to exclude amortization of goodwill in 2001 in accordance with SFAS No. 142 - Goodwill and Other Intangible Assets. On an economic earnings basis, Northrop Grumman's 2002 third quarter earnings from continuing operations increased to $154 million, or $1.28 per share, compared with $100 million, or $1.09 per share, for the comparable period in 2001.

29 Oct 1999

Hvide Marine Reports Third Quarter Loss

Hvide Marine Inc. reported a net loss of $20.1 million or $.129 per diluted share on revenues of $86 million for the quarter ended September 30, 1999. In the period one year earlier, the company had a net income of $3.9 million or $.25 per diluted share on revenues of $100.1 million. Results in the current quarter and year-to-date have been adjusted to reflect the consolidation, as of September 30, 1999 of Lightship Tankers LLC, a 50.7 percent owned subsidiary, which was previously accounted for under the equity method. On an operating basis, the company had an operating loss of $6.2 million during the 1999 quarter versus operating income of $19 million in the 1998 quarter.

05 Nov 1999

Baker Hughes Reports Third Quarter Earnings Loss

Baker Hughes Inc., the world's third biggest oilfield services company, reported sharply lower third-quarter operating earnings, but said business had begun to improve as this year's recovery in oil and gas prices led to a gradual increase in drilling activity. The Houston-based company said pre-tax operating profit, excluding unusual one-time items, fell to $14.2 million from $100.9 million in the third quarter of 1998. Revenues fell to $1.21 billion from $1.58 billion. Earnings per share beat Wall Street analysts' expectations by a penny, according to First Call/Thomson Financial. Net income, including one-time items, rose to $13.1 million from a loss of $534.5 million in the third quarter of 1998, when Baker Hughes took a charge of $751 million to cover merger and restructuring costs.

28 Oct 1999

Hvide Marine Reports Third Quarter Loss

Hvide Marine Inc. today reported a net loss of $20.1 million or $.129 per diluted share on revenues of $86 million for the quarter ended September 30, 1999. In the period one year earlier, the company had a net income of $3.9 million or $.25 per diluted share on revenues of $100.1 million. Results in the current quarter and year-to-date have been adjusted to reflect the consolidation, as of September 30, 1999 of Lightship Tankers LLC, a 50.7 percent owned subsidiary, which was previously accounted for under the equity method.

30 Oct 2001

Transocean Sedco Forex Reports Third Quarter 2001 Earnings

Transocean Sedco Forex Inc. announced that net income for the three months ended September 30, 2001 was $97.6 millionon revenues of $770.2 million. Net income for the quarter included a net after-tax gain totaling $7.5 million, resulting primarily from the sale of two Nigerian-based land rigs and the disposal of an inland drilling barge. Excluding the net after-tax gain, net income for the three months ended September 30, 2001 was $90.1 million. For the corresponding three months in 2000, net income was $49.3 million, and included a net after-tax gain of $7.1 million. Revenues for the three months ended September 30, 2000 were $314.5 million. For the nine months ended September 30, 2001, net income was $196.6 million, on revenues of $2,072.5 million.