Navios Maritime Clocks ~11% Revenue Growth In Q1
Portfolio Pulse from Akanksha Bakshi
Navios Maritime Holdings Inc. (NYSE:NM) reported Q1 FY23 revenue growth of 10.6% YoY to $65.41 million, with EPS improving to $0.26 from $(0.74) in 1Q22. EBITDA increased by 21.6% YoY to $40.47 million, and Navios Logistics' EBITDA rose by ~9% to $26.0 million. Iron ore port transhipments increased significantly, and the company has fixed six dry barge convoys under period contracts.
May 24, 2023 | 3:40 pm
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Navios Maritime's Q1 FY23 results show strong revenue growth, improved EPS, and increased EBITDA. The company's iron ore port transhipments have surged, and it has fixed six dry barge convoys under period contracts.
Navios Maritime's Q1 FY23 results show strong revenue growth, improved EPS, and increased EBITDA, which are positive indicators for the company's financial performance. The significant increase in iron ore port transhipments and the fixing of six dry barge convoys under period contracts demonstrate the company's ability to capitalize on market opportunities, which could positively impact its stock price in the short term.
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