Overseas Shipholding Group Full Year 2023 Earnings: EPS: US$0.80 (vs US$0.30 in FY 2022)

Overseas Shipholding Group (NYSE:OSG) Full Year 2023 Results

Key Financial Results

• Revenue: US$451.9m (down 3.2% from FY 2022).
• Net income: US$62.5m (up 135% from FY 2022).
• Profit margin: 14% (up from 5.7% in FY 2022). The increase in margin was driven by lower expenses.
• EPS: US$0.80 (up from US$0.30 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

In the last 12 months, the only revenue segment was Transportation - Shipping contributing US$451.9m. Notably, cost of sales worth US$259.6m amounted to 57% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to US$67.2m (52% of total expenses). Explore how OSG's revenue and expenses shape its earnings.

Overseas Shipholding Group's share price is broadly unchanged from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Overseas Shipholding Group that you should be aware of.

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