Euroseas Ltd. Reports Significant Increase in Charter Revenues, Boosts Net Income and EPS for FY 2024

Reuters
05/16
<a href="https://laohu8.com/S/ESEA">Euroseas Ltd</a>. Reports Significant Increase in Charter Revenues, Boosts Net Income and EPS for FY 2024

Euroseas Ltd. released its financial results for the fiscal year ending December 31, 2024, reporting a net income of $114.5 million, an increase from the previous year's $112.8 million. The company's operating income also saw a slight decrease, recorded at $119.4 million compared to $120.0 million in the prior year. The earnings per share $(EPS)$ for the year was noted at $16.53, up from $16.25 in the previous fiscal year. In terms of dividends, Euroseas declared $14.0 million in common stock dividends, down from $16.9 million in the prior year, with cash dividends declared per common share at $2.00, compared to $2.40 previously. The weighted average number of shares outstanding during the year was 6,931,280, slightly down from 6,938,204 in the previous year. The company continues to evaluate opportunities to expand its fleet, which is expected to influence both revenue and expenses in future periods.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Euroseas Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001171843-25-003243), on May 15, 2025, and is solely responsible for the information contained therein.

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