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News Breaks
April 14, 2014
16:16 EDTISHInternational Shipholding sees Q1 net loss ($3.7M)-($3.3M)
International Shipholding announced that it expects to report a Q1 net loss, before preferred dividends, in the range of ($3.7M)-($3.3M). One analyst estimate for Q1 EPS 23c. This result for the quarter is primarily attributable to lower than projected results from supplemental cargoes, repositioning days in the international dry bulk segment and out-of-service days in the Jones Act fleet related to both adverse weather conditions and repairs due to a machinery casualty to one vessel, which have since been completed. As a result of this, the company now expects its FY14 EBITDA to be $60M-$64M.
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November 16, 2015
17:44 EDTISHInternational Shipholding to divest certain assets in Q4
International Shipholding's Strategic Plan calls for the divestiture of certain assets during the 2015 fourth quarter. While this is expected to have a positive impact on the Company's leverage and liquidity positions, the timing of the sales during the fourth quarter is expected to impact the Company's 2015 EBITDA. Due to the uncertainty regarding the specific timing of those asset sales, the Company has determined that the accurate provision of full-year EBITDA guidance at this time is not possible. The Company's projected cash outlay on capital expenditures, excluding construction of the New Orleans headquarters, is projected to be in a range of $30M-$32M for 2015.
17:43 EDTISHInternational Shipholding reports Q3 EPS ($1.16), one estimate (91c)
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