See more : Alimco Financial Corporation (ALMC) 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.
You may be interested
- Rapidtron, Inc. (RPDT) Income Statement Analysis – Financial Results
- United U-LI Corporation Berhad (7133.KL) Income Statement Analysis – Financial Results
- Tech Mahindra Limited (TECHM.BO) Income Statement Analysis – Financial Results
- TUI AG (TUI1.DE) Income Statement Analysis – Financial Results
- BenevolentAI S.A. (BAI.AS) Income Statement Analysis – Financial Results
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: Rough Seas Ahead But Trust The Captain
Safe Bulkers, Inc. has underperformed its peers, which doesn't make much sense. They have been rapidly modernizing their fleet, which will become economically important in the near future.
Safe Bulkers (SB) Flat As Market Sinks: What You Should Know
Safe Bulkers (SB) closed the most recent trading day at $2.63, making no change from the previous trading session.
Is Safe Bulkers (SB) Stock Undervalued 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...
Brokers Really Like These 4 Shipping Stocks
Shipping stocks have provided attractive returns to shareholders this year in the face of the market meltdown, but the question is whether their great run can continue.
Safe Bulkers: A Value Shipper With A Big Dividend
The Industrials sector is nearing a key bullish breakout level vs the overall stock market. The Marine industry is often a spot of speculation, but one company sports decent earnings and shareholder accretive features.
Stratabound increases inferred resources 348% at Fremont gold project
(Kitco News) - Stratabound Minerals (TSXV: SB) announced Thursday updated mineral resources for its wholly owned Fremont gold project in California's Mother Lode Gold Belt resulting in increases in both Indicated and Inferred Mineral Resource classifications.
Are Transportation Stocks Lagging Safe Bulkers (SB) This Year?
Here is how Safe Bulkers (SB) and Frontline (FRO) have performed compared to their sector so far this year.
Safe Bulkers, Inc. (SB) CEO Polys Hajioannou on Q2 2022 Results - Earnings Call Transcript
Safe Bulkers, Inc. (NYSE:SB ) Q1 2022 Results Conference Call July 28, 2022 12:00 PM ET Company Participants Polys Hajioannou - Chairman and Chief Executive Officer Loukas Barmparis - President Konstantinos Adamopoulos - Chief Financial Officer Conference Call Participants Omar...
Safe Bulkers (SB) Q2 Earnings and Revenues Top Estimates
Safe Bulkers (SB) delivered earnings and revenue surprises of 33.33% and 9.71%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
Is Safe Bulkers (SB) a Great Value Stock 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...
Source: https://incomestatements.info
Category: Stock Reports