See more : Astena Holdings Co., Ltd. (8095.T) Income Statement Analysis – Financial Results
Complete financial analysis of Safe Bulkers, Inc. (SB) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Safe Bulkers, Inc., a leading company in the Marine Shipping industry within the Industrials sector.
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Safe Bulkers, Inc. (SB)
About Safe Bulkers, Inc.
Safe Bulkers, Inc., together with its subsidiaries, provides marine drybulk transportation services. It owns and operates drybulk vessels for transporting bulk cargoes primarily coal, grain, and iron ore. As of March 18, 2022, the company had a fleet of 40 drybulk vessels having an average age of 10.4 years; and an aggregate carrying capacity of 3,925,500 deadweight tons. Its fleet consisted of 12 Panamax class vessels, 7 Kamsarmax class vessels, 15 post- Panamax class vessels, and 6 Capesize class vessels. Safe Bulkers, Inc. was incorporated in 2007 and is based in Monaco.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 284.40M | 349.72M | 329.03M | 198.16M | 197.76M | 193.19M | 148.03M | 109.77M | 127.32M | 154.09M | 186.72M | 184.30M | 168.91M | 157.02M | 164.61M | 200.77M | 165.85M | 95.31M |
| Cost of Revenue | 165.00M | 139.70M | 134.17M | 165.94M | 132.59M | 117.96M | 108.15M | 106.68M | 120.46M | 113.15M | 89.57M | 74.08M | 28.05M | 23.74M | 20.21M | 17.89M | 0.00 | 0.00 |
| Gross Profit | 119.41M | 210.02M | 194.87M | 32.22M | 65.17M | 75.23M | 39.88M | 3.09M | 6.86M | 40.95M | 97.16M | 110.22M | 140.86M | 133.28M | 144.40M | 182.88M | 165.85M | 95.31M |
| Gross Profit Ratio | 41.98% | 60.05% | 59.22% | 16.26% | 32.95% | 38.94% | 26.94% | 2.81% | 5.39% | 26.57% | 52.03% | 59.81% | 83.39% | 84.88% | 87.73% | 91.09% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 23.76M | 21.80M | 22.50M | 21.50M | 20.64M | 19.24M | 16.12M | 15.38M | 14.62M | 13.33M | 11.36M | 9.95M | 0.00 | 7.02M | 7.05M | 8.05M | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -2.61M | 0.00 | 0.00 | 0.00 |
| SG&A | 23.76M | 21.80M | 22.50M | 21.50M | 20.64M | 19.24M | 16.12M | 15.38M | 14.62M | 13.33M | 11.36M | 9.95M | 8.49M | 7.02M | 7.05M | 8.05M | 1.18M | 1.01M |
| Other Expenses | -8.51M | 3.57M | 0.00 | -241.00K | 414.00K | 20.40M | 15.36M | 12.94M | -1.43M | -4.00M | 13.23M | 12.02M | 23.64M | 19.67M | 37.20M | 10.61M | 66.38M | 11.81M |
| Operating Expenses | 15.26M | 25.37M | 22.50M | 21.50M | 21.05M | 19.24M | 16.51M | 14.59M | 14.62M | 13.33M | 11.36M | 9.95M | 32.13M | 26.69M | -33.31M | 37.11M | 67.55M | 12.82M |
| Cost & Expenses | 180.25M | 165.07M | 156.66M | 187.44M | 153.65M | 137.20M | 124.66M | 121.27M | 135.08M | 126.48M | 100.93M | 84.02M | 60.18M | 50.43M | -13.11M | 37.11M | 67.55M | 12.82M |
| Interest Income | 2.50M | 783.00K | 69.00K | 604.00K | 1.56M | 929.00K | 799.00K | 515.00K | 86.00K | 821.00K | 1.01M | 1.12M | 1.05M | 2.63M | 2.16M | 1.49M | 1.29M | 775.00K |
| Interest Expense | 27.94M | 17.14M | 14.72M | 21.23M | 26.82M | 25.71M | 23.22M | 19.58M | 11.65M | 8.34M | 9.09M | 9.07M | 5.25M | 6.75M | 10.78M | 16.39M | 8.23M | 6.14M |
| Depreciation & Amortization | 54.13M | 49.52M | 52.36M | 54.27M | 50.31M | 48.07M | 51.42M | 49.49M | 47.13M | 43.08M | 37.39M | 32.25M | 23.64M | 19.94M | 13.89M | 10.61M | 9.75M | 9.73M |
| EBITDA | 156.19M | 234.17M | 232.20M | 64.75M | 94.36M | 103.95M | -7.57M | 17.89M | 13.87M | 70.54M | 133.22M | 138.67M | 119.21M | 135.74M | 189.75M | 146.22M | 122.83M | 92.22M |
| EBITDA Ratio | 54.92% | 52.06% | 51.28% | 4.40% | 47.24% | 52.91% | 14.31% | -14.38% | -9.53% | 14.17% | 45.27% | 53.66% | 87.12% | 85.77% | 118.64% | 101.52% | 74.06% | 102.57% |
| Operating Income | 104.15M | 132.55M | 116.38M | -45.55M | 44.05M | 55.89M | -69.30M | -31.41M | -32.02M | 26.72M | 92.85M | 111.95M | 108.94M | 121.92M | 177.71M | 163.66M | 233.40M | 108.13M |
| Operating Income Ratio | 36.62% | 37.90% | 35.37% | -22.99% | 22.27% | 28.93% | -46.82% | -28.61% | -25.15% | 17.34% | 49.72% | 60.75% | 64.49% | 77.65% | 107.96% | 81.52% | 140.73% | 113.45% |
| Total Other Income/Expenses | -26.80M | -12.09M | -17.07M | -23.38M | -28.01M | -28.20M | -15.38M | -24.56M | -15.93M | -12.08M | -9.59M | -15.83M | -14.79M | -8.15M | -12.30M | -44.45M | 90.64M | -5.54M |
| Income Before Tax | 77.35M | 172.55M | 174.35M | -12.91M | 16.04M | 27.68M | -84.68M | -55.97M | -47.94M | 14.63M | 83.26M | 96.12M | 94.15M | 113.77M | 248.98M | 133.55M | 218.61M | 102.59M |
| Income Before Tax Ratio | 27.20% | 49.34% | 52.99% | -6.51% | 8.11% | 14.33% | -57.20% | -50.98% | -37.66% | 9.50% | 44.59% | 52.16% | 55.74% | 72.46% | 151.26% | 66.52% | 131.81% | 107.64% |
| Income Tax Expense | 0.00 | -49.52M | -37.65M | -33.28M | 26.82M | 28.20M | 15.38M | 24.56M | 15.93M | 12.08M | 9.59M | 15.83M | 19.20M | 12.28M | 12.30M | 44.45M | 21.73M | 10.90M |
| Net Income | 77.35M | 172.55M | 174.35M | 20.37M | -10.78M | 27.68M | -84.68M | -55.97M | -47.94M | 14.63M | 83.26M | 96.12M | 89.73M | 109.65M | 165.41M | 119.21M | 211.68M | 97.22M |
| Net Income Ratio | 27.20% | 49.34% | 52.99% | 10.28% | -5.45% | 14.33% | -57.20% | -50.98% | -37.66% | 9.50% | 44.59% | 52.16% | 53.13% | 69.83% | 100.49% | 59.38% | 127.63% | 102.01% |
| EPS | 0.61 | 1.36 | 1.44 | 0.20 | -0.11 | 0.27 | -0.84 | -0.66 | -0.57 | 0.06 | 1.05 | 1.27 | 1.29 | 1.73 | 3.03 | 2.19 | 3.84 | 1.78 |
| EPS Diluted | 0.61 | 1.36 | 1.44 | 0.20 | -0.11 | 0.27 | -0.84 | -0.66 | -0.57 | 0.06 | 1.05 | 1.27 | 1.29 | 1.73 | 3.03 | 2.19 | 3.84 | 1.78 |
| Weighted Avg Shares Out | 113.62M | 120.65M | 113.72M | 102.62M | 101.69M | 101.60M | 100.93M | 84.53M | 83.48M | 83.45M | 77.50M | 75.47M | 69.46M | 63.30M | 54.51M | 54.50M | 54.50M | 54.50M |
| Weighted Avg Shares Out (Dil) | 113.62M | 120.65M | 113.72M | 102.62M | 101.69M | 101.60M | 100.93M | 84.53M | 83.48M | 83.45M | 77.50M | 75.47M | 69.46M | 63.30M | 54.51M | 54.50M | 54.50M | 54.50M |
Safe Bulkers (SB) Matches Q3 Earnings Estimates
Safe Bulkers (SB) came out with quarterly earnings of $0.16 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.08 per share a year ago.
Safe Bulkers (SB) to Report Q3 Results: Wall Street Expects Earnings Growth
Safe Bulkers (SB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Safe Bulkers: Idea For Income-Oriented Investors That Seek Upside Potential
Safe Bulkers employs nine vessels under spot charters and 38 under time charters. The mix between time and spot charters pays off. Net revenue grew by 11% yearly to $78.5 million in 2Q24. Higher day rates combined with more available...
Safe Bulkers, Inc. Declares Quarterly Dividend on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares; 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares
MONACO, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that the Company's Board of Directors has declared:
Safe Bulkers, Inc. Announces Results of 2024 Annual Meeting of Stockholders
MONACO, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced the election of three Class I directors at the Company's annual meeting of stockholders held in Monaco...
Safe Bulkers: The PullBack Might Not Be Over
Recent 20% pullback in share price following a 100% bull run since the end of 2023, with mixed Q2 2024 earnings due to weaker commodity markets and reduced backhaul cargoes. Despite a rise in net income and charter rates, my...
Safe Bulkers, Inc. (SB) Q2 2024 Earnings Call Transcript
Safe Bulkers, Inc. (NYSE:SB ) Q2 2024 Earnings Conference Call July 30, 2024 10:00 AM ET Company Participants Loukas Barmparis - President, Secretary, Director Konstantinos Adamopoulos - CFO & Director Polys Hajioannou - Chairman & CEO Conference Call Participants Omar...
Are Investors Undervaluing Safe Bulkers (SB) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong...
Safe Bulkers, Inc. Reports Second Quarter 2024 Results and Declares Dividend on Common Stock
MONACO, July 29, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today its unaudited financial results for the three and six month periods ended June 30, 2024. The...
Safe Bulkers, Inc. Declares Quarterly Dividend on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares; 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares
MONACO, July 02, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that the Company's Board of Directors has declared:
Source: https://incomestatements.info
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