Business
EuroDry Ltd. Reports Results for the Quarter Ended March 31, 2026 and Announces the order for two Modern 82,000 DWT Kamsarmax Bulk Carriers
ATHENS, Greece, May 20, 2026 (GLOBE NEWSWIRE) -- EuroDry Ltd. (NASDAQ: EDRY, the “Company” or “EuroDry”), an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced today its results for the three-month period ended March 31, 2026. First Quarter 2026 Highlights: Total net revenues of $12.8 million.Net income attributable to controlling shareholders, of $0.26 million or $0.09 earnings per share attributable to controlling shareholders basic and
About this update from Eurodry Ltd.
[{"type":"image","alt":"EuroDry Ltd.","displaySize":"","headline":null,"caption":"EuroDry Ltd.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":239,"url":"https://media.zenfs.com/en/globenewswire.com/ec53444c1b6e3858af2589a036f4359d"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/jeESCyqyeUi8mRmWyEkgoQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTMzNQ--/https://media.zenfs.com/en/globenewswire.com/ec53444c1b6e3858af2589a036f4359d","width":300,"height":239},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/jeESCyqyeUi8mRmWyEkgoQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTMzNQ--/https://media.zenfs.com/en/globenewswire.com/ec53444c1b6e3858af2589a036f4359d","width":300,"height":239}},"lazy":false},{"type":"text","content":"ATHENS, Greece, May 20, 2026 (GLOBE NEWSWIRE) -- EuroDry Ltd. (NASDAQ: EDRY, the “Company” or “EuroDry”), an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced today its results for the three-month period ended March 31, 2026.","length":284,"tagName":"p"},{"type":"text","content":"First Quarter 2026 Highlights:","length":30,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Total net revenues of $12.8 million.","length":36,"tagName":"p"}]},{"val":[{"type":"text","content":"Net income attributable to controlling shareholders, of $0.26 million or $0.09 earnings per share attributable to controlling shareholders basic and diluted. ","length":157,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted net income1 attributable to controlling shareholders for the quarter of $0.33 million or $0.12 earnings per share attributable to controlling shareholders basic and diluted, which represents the net income attributable to controlling shareholders excluding the unrealized loss on derivatives. ","length":301,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA1 was $4.9 million.","length":34,"tagName":"p"}]},{"val":[{"type":"text","content":"An average of 11.0 vessels were owned and operated during the first quarter of 2026 earning an average time charter equivalent rate of $14,416 per day. Refer to a subsequent section of the Press Release for the definition and method of calculation of the time charter equivalent rate.","length":284,"tagName":"p"}]},{"val":[{"type":"text","content":"To date, about $5.6 million has been u...